Mercantile Bank (MBWM) Shares Declined While Vanguard Group Has Lowered Its Position; Kinder Morgan (KMI) Stock Value Declined While Adams Asset Advisors Boosted Position by $1.39 Million

April 14, 2018 - By Maria Brooks

Kinder Morgan, Inc. (NYSE:KMI) Logo

Vanguard Group Inc decreased its stake in Mercantile Bank Corp (MBWM) by 4.1% based on its latest 2017Q4 regulatory filing with the SEC. Vanguard Group Inc sold 29,122 shares as the company’s stock declined 8.17% with the market. The institutional investor held 680,951 shares of the major banks company at the end of 2017Q4, valued at $24.08M, down from 710,073 at the end of the previous reported quarter. Vanguard Group Inc who had been investing in Mercantile Bank Corp for a number of months, seems to be less bullish one the $565.88 million market cap company. The stock decreased 1.33% or $0.46 during the last trading session, reaching $34.1. About 24,698 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has declined 1.90% since April 14, 2017 and is downtrending. It has underperformed by 13.45% the S&P500.

Adams Asset Advisors Llc increased its stake in Kinder Morgan (KMI) by 41.32% based on its latest 2017Q4 regulatory filing with the SEC. Adams Asset Advisors Llc bought 76,951 shares as the company’s stock declined 16.40% with the market. The institutional investor held 263,184 shares of the public utilities company at the end of 2017Q4, valued at $4.76 million, up from 186,233 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Kinder Morgan for a number of months, seems to be bullish on the $33.82 billion market cap company. The stock decreased 0.07% or $0.01 during the last trading session, reaching $15.33. About 11.75M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since April 14, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Among 24 analysts covering Kinder Morgan (NYSE:KMI), 16 have Buy rating, 0 Sell and 8 Hold. Therefore 67% are positive. Kinder Morgan had 79 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 17 by Stifel Nicolaus. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Hold” rating by Jefferies on Thursday, June 22. The company was upgraded on Thursday, August 18 by Morgan Stanley. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Buy” rating given on Monday, January 29 by Argus Research. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Buy” rating given on Thursday, October 12 by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, June 20 by BMO Capital Markets. Barclays Capital maintained Kinder Morgan, Inc. (NYSE:KMI) on Monday, July 18 with “Overweight” rating. RBC Capital Markets maintained Kinder Morgan, Inc. (NYSE:KMI) on Wednesday, October 11 with “Hold” rating. As per Thursday, January 28, the company rating was upgraded by Credit Suisse. The firm has “Overweight” rating given on Monday, February 12 by JP Morgan.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.07, from 0.77 in 2017Q3. It worsened, as 75 investors sold KMI shares while 372 reduced holdings. 83 funds opened positions while 231 raised stakes. 1.31 billion shares or 0.25% more from 1.31 billion shares in 2017Q3 were reported. Moreover, New England Research & Mgmt has 0.13% invested in Kinder Morgan, Inc. (NYSE:KMI) for 10,337 shares. Northeast Consultants holds 12,146 shares. Ngam LP invested 0.01% in Kinder Morgan, Inc. (NYSE:KMI). Rocky Mountain Advisers Ltd Limited Liability Company, a Colorado-based fund reported 534 shares. Credit Agricole S A owns 3 shares or 0% of their US portfolio. 6.16M were reported by D E Shaw And. Credit Suisse Ag has invested 0.09% in Kinder Morgan, Inc. (NYSE:KMI). New York-based Evercore Wealth Ltd Liability has invested 0.02% in Kinder Morgan, Inc. (NYSE:KMI). Perkins Coie accumulated 1,096 shares. Winfield Assoc Inc has invested 0.01% in Kinder Morgan, Inc. (NYSE:KMI). Bartlett Llc reported 326 shares. Petrus Tru Company Lta holds 3.83% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI) for 855,929 shares. M&R Cap Mgmt has invested 0.01% in Kinder Morgan, Inc. (NYSE:KMI). New York-based Metropolitan Life Insurance Company has invested 0.14% in Kinder Morgan, Inc. (NYSE:KMI). The Pennsylvania-based Janney Montgomery Scott Limited Liability has invested 0.07% in Kinder Morgan, Inc. (NYSE:KMI).

Adams Asset Advisors Llc, which manages about $828.72M and $812.76M US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 5,003 shares to 104,661 shares, valued at $8.75 million in 2017Q4, according to the filing. It also reduced its holding in Devon Energy Corp New (NYSE:DVN) by 22,676 shares in the quarter, leaving it with 19,111 shares, and cut its stake in American Eagle Outfitrs (NYSE:AEO).

Among 6 analysts covering Mercantile Bank (NASDAQ:MBWM), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Mercantile Bank had 19 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, July 22 by Sandler O’Neill. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. As per Wednesday, January 3, the company rating was maintained by Sandler O’Neill. Wood upgraded the stock to “Outperform” rating in Thursday, March 1 report. The company was upgraded on Thursday, March 1 by Keefe Bruyette & Woods. DA Davidson upgraded the stock to “Buy” rating in Monday, September 11 report. Hovde Group initiated Mercantile Bank Corporation (NASDAQ:MBWM) rating on Monday, November 21. Hovde Group has “Market Perform” rating and $32 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, May 26. As per Wednesday, January 18, the company rating was downgraded by Raymond James. The firm has “Neutral” rating by DA Davidson given on Thursday, September 28.

Since October 20, 2017, it had 0 buys, and 3 insider sales for $851,645 activity.

Vanguard Group Inc, which manages about $2286.85 billion US Long portfolio, upped its stake in Viavi Solutions Inc by 505,008 shares to 21.75M shares, valued at $190.06 million in 2017Q4, according to the filing. It also increased its holding in Canadian Solar Inc (NASDAQ:CSIQ) by 43,946 shares in the quarter, for a total of 690,692 shares, and has risen its stake in Sandy Spring Bancorp Inc (NASDAQ:SASR).

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.