As Amgen (AMGN) Market Value Declined, Burns J W & Co Has Boosted Stake; Grassi Investment Management Increases Stake in Kinder Morgan (KMI)

February 21, 2018 - By Marie Mckinney

Grassi Investment Management increased its stake in Kinder Morgan (KMI) by 24.66% based on its latest 2017Q3 regulatory filing with the SEC. Grassi Investment Management bought 41,508 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 209,859 shares of the public utilities company at the end of 2017Q3, valued at $4.03M, up from 168,351 at the end of the previous reported quarter. Grassi Investment Management who had been investing in Kinder Morgan for a number of months, seems to be bullish on the $37.03 billion market cap company. The stock decreased 1.27% or $0.215 during the last trading session, reaching $16.785. About 11.37 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since February 21, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

Burns J W & Co Inc increased its stake in Amgen (AMGN) by 10.23% based on its latest 2017Q3 regulatory filing with the SEC. Burns J W & Co Inc bought 1,797 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 19,360 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $3.61M, up from 17,563 at the end of the previous reported quarter. Burns J W & Co Inc who had been investing in Amgen for a number of months, seems to be bullish on the $131.65 billion market cap company. The stock decreased 0.15% or $0.28 during the last trading session, reaching $182.7. About 2.99M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 21, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Among 23 analysts covering Kinder Morgan (NYSE:KMI), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Kinder Morgan had 75 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse downgraded it to “Neutral” rating and $22 target in Thursday, March 17 report. Piper Jaffray reinitiated Kinder Morgan, Inc. (NYSE:KMI) on Friday, April 1 with “Neutral” rating. Jefferies maintained Kinder Morgan, Inc. (NYSE:KMI) rating on Monday, October 16. Jefferies has “Hold” rating and $20.0 target. The firm has “Strong Buy” rating by Raymond James given on Monday, October 24. The rating was maintained by RBC Capital Markets on Sunday, October 1 with “Hold”. Bernstein initiated the stock with “Market Perform” rating in Wednesday, May 11 report. The rating was maintained by RBC Capital Markets on Tuesday, June 27 with “Sector Perform”. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Outperform” rating given on Thursday, December 3 by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 23. The stock has “Hold” rating by Mizuho on Thursday, January 25.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.13, from 0.9 in 2017Q2. It dropped, as 70 investors sold KMI shares while 353 reduced holdings. 69 funds opened positions while 257 raised stakes. 1.31 billion shares or 2.89% more from 1.27 billion shares in 2017Q2 were reported. Fpr Prtnrs Limited Company reported 16.36M shares or 6.8% of all its holdings. 28.99 million were accumulated by National Bank Of America De. Los Angeles Capital Equity reported 0.03% in Kinder Morgan, Inc. (NYSE:KMI). Baystate Wealth Mngmt Limited Company has invested 0% in Kinder Morgan, Inc. (NYSE:KMI). Rmb Ltd Liability has 0.11% invested in Kinder Morgan, Inc. (NYSE:KMI) for 212,438 shares. Jackson Square Prtnrs Ltd Com has invested 0.02% in Kinder Morgan, Inc. (NYSE:KMI). Kbc Nv holds 0.04% or 231,143 shares. Proshare Lc stated it has 0.06% in Kinder Morgan, Inc. (NYSE:KMI). Gamco Incorporated Et Al invested in 0% or 12,763 shares. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.06% in Kinder Morgan, Inc. (NYSE:KMI). First Allied Advisory Services Inc invested in 0.11% or 137,489 shares. Shanda Asset Mgmt Ltd reported 208,567 shares or 0.53% of all its holdings. Schulhoff And, Ohio-based fund reported 23,184 shares. Lincoln Natl reported 25,208 shares. Robeco Institutional Asset Bv holds 373,227 shares.

Grassi Investment Management, which manages about $608.21M and $594.06M US Long portfolio, decreased its stake in Allergan Inc. (NYSE:AGN) by 1,570 shares to 6,825 shares, valued at $1.40 million in 2017Q3, according to the filing. It also reduced its holding in Ibm Corporation (NYSE:IBM) by 31,445 shares in the quarter, leaving it with 10,092 shares, and cut its stake in Quotient Tech..

Since October 9, 2017, it had 0 insider purchases, and 4 insider sales for $1.10 million activity.

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