Shareholder Zacks Investment Management Has Upped Verizon Communications (VZ) Position; Orca Investment Management Decreased Kinder Morgan (KMI) Stake by $379,116

May 26, 2018 - By Adrian Erickson

Verizon Communications Inc. (NYSE:VZ) Logo

Zacks Investment Management increased its stake in Verizon Communications Inc (VZ) by 1.02% based on its latest 2017Q4 regulatory filing with the SEC. Zacks Investment Management bought 10,439 shares as the company’s stock declined 11.05% with the market. The institutional investor held 1.04 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $54.97M, up from 1.03 million at the end of the previous reported quarter. Zacks Investment Management who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $200.48B market cap company. The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.52. About 7.95 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 26, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.




Orca Investment Management Llc decreased its stake in Kinder Morgan Inc (KMI) by 28.58% based on its latest 2017Q4 regulatory filing with the SEC. Orca Investment Management Llc sold 21,062 shares as the company’s stock declined 16.40% with the market. The institutional investor held 52,636 shares of the public utilities company at the end of 2017Q4, valued at $951,000, down from 73,698 at the end of the previous reported quarter. Orca Investment Management Llc who had been investing in Kinder Morgan Inc for a number of months, seems to be less bullish one the $35.05B market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $15.89. About 17.52M shares traded or 12.48% up from the average. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since May 26, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Kinder Morgan had 85 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Monday, September 11. The company was initiated on Wednesday, May 11 by Bernstein. Morgan Stanley maintained the stock with “Overweight” rating in Friday, November 17 report. The company was maintained on Thursday, January 18 by RBC Capital Markets. The rating was upgraded by Stifel Nicolaus on Thursday, January 28 to “Buy”. Morgan Stanley upgraded the shares of KMI in report on Thursday, August 18 to “Overweight” rating. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, March 17. Morgan Stanley maintained it with “Overweight” rating and $23 target in Friday, February 9 report. Argus Research downgraded the stock to “Hold” rating in Thursday, December 3 report. On Thursday, October 20 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

Analysts await Kinder Morgan, Inc. (NYSE:KMI) to report earnings on July, 18. They expect $0.19 EPS, up 35.71% or $0.05 from last year’s $0.14 per share. KMI’s profit will be $419.15 million for 20.91 P/E if the $0.19 EPS becomes a reality. After $0.22 actual EPS reported by Kinder Morgan, Inc. for the previous quarter, Wall Street now forecasts -13.64% negative EPS growth.

More recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Seekingalpha.com which released: “Tracking Larry Robbins’ Glenview Capital Management Portfolio – Q1 2018 Update” on May 25, 2018. Also Seekingalpha.com published the news titled: “Kinder Morgan: TMP Profits Are All That Matter” on May 21, 2018. Seekingalpha.com‘s news article titled: “Kinder Morgan: Sanity Still Reigns In The Courtroom” with publication date: May 25, 2018 was also an interesting one.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.07, from 0.77 in 2017Q3. It turned negative, 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, Timber Hill Lc has 0.16% invested in Kinder Morgan, Inc. (NYSE:KMI). Truepoint Inc, Ohio-based fund reported 24,647 shares. Middleton & Company Ma reported 0.03% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Pub Sector Pension Invest Board has 0.03% invested in Kinder Morgan, Inc. (NYSE:KMI). Bb&T Limited Liability Corporation holds 233,922 shares. California-based Cap Guardian Trust has invested 0.23% in Kinder Morgan, Inc. (NYSE:KMI). 3,000 are held by Arcadia Investment Mgmt Corp Mi. Shell Asset Comm invested 0.06% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Cap Invest Counsel invested in 0.08% or 10,976 shares. Baystate Wealth Management Limited Liability holds 521 shares or 0% of its portfolio. Huntington Steele Limited Liability Com reported 0.08% in Kinder Morgan, Inc. (NYSE:KMI). Country Trust Bancorp reported 870,849 shares or 0.68% of all its holdings. 115,489 were accumulated by Mcrae Cap Mngmt Incorporated. Driehaus Mngmt Limited has invested 0.17% in Kinder Morgan, Inc. (NYSE:KMI). Fny Managed Accounts Limited Liability has invested 0% in Kinder Morgan, Inc. (NYSE:KMI).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon shareholders aligned with board at annual meeting” on May 03, 2018, also Fool.com with their article: “Verizon Aims to Be Much More Than a Phone Company” published on May 10, 2018, Globenewswire.com published: “NOTICE TO DISREGARD — Verizon Communications” on May 12, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon holds sellside analyst meeting” published on May 21, 2018 as well as Globenewswire.com‘s news article titled: “Verizon collapses key network elements, improving efficiency and customer functionality” with publication date: April 30, 2018.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, April 23 by Barclays Capital. Cowen & Co maintained the stock with “Hold” rating in Tuesday, July 18 report. The rating was downgraded by Moffett Nathanson on Tuesday, January 16 to “Neutral”. The firm has “Buy” rating given on Wednesday, April 25 by UBS. The rating was maintained by Scotia Capital with “Sector Outperform” on Wednesday, October 21. The stock has “Buy” rating by Scotia Capital on Monday, January 22. SunTrust maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, December 6. SunTrust has “Hold” rating and $52.0 target. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by HSBC on Thursday, January 19. The rating was maintained by RBC Capital Markets with “Hold” on Friday, May 26. The rating was downgraded by Moffet Nathanson to “Neutral” on Friday, April 1.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Neumann Cap Mngmt Limited accumulated 1.35% or 41,722 shares. National Mutual Insurance Federation Of Agricultural Cooperatives holds 33,600 shares or 0.03% of its portfolio. Goodman Fincl Corporation reported 500 shares stake. Evermay Wealth Management Lc invested 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Murphy Cap Mgmt holds 1.69% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 233,386 shares. Pinebridge Investments Lp stated it has 0.14% in Verizon Communications Inc. (NYSE:VZ). Jolley Asset Management Lc holds 0.05% or 1,490 shares. Brookfield Asset Management Inc holds 0% or 16,350 shares in its portfolio. Blume Cap Mgmt holds 0.11% or 3,957 shares. Wms Prns Limited Liability has invested 0.08% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 894,251 were accumulated by Element Capital Management Limited Co. Sawgrass Asset Management Ltd Liability Corp holds 3.17% or 1.31M shares. Allsquare Wealth Mgmt Limited Liability owns 14,098 shares. Klingenstein Fields Comm Limited Liability holds 34,523 shares. Dodge & Cox invested in 5,500 shares.

Since February 13, 2018, it had 0 insider purchases, and 2 insider sales for $444,552 activity.

Zacks Investment Management, which manages about $3.45 billion and $4.59 billion US Long portfolio, decreased its stake in Chemours Co by 17,762 shares to 152,995 shares, valued at $7.66 million in 2017Q4, according to the filing. It also reduced its holding in Ross Stores Inc (NASDAQ:ROST) by 29,506 shares in the quarter, leaving it with 3,309 shares, and cut its stake in Pulte Group Inc (NYSE:PHM).

Kinder Morgan, Inc. (NYSE:KMI) Institutional Positions Chart

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