Chemung Canal Trust Company Holding in Amgen (AMGN) Has Lifted by $475,830; Kcm Investment Advisors Lowered Its Stake in Kinder Morgan (KMI) as Shares Declined

August 12, 2018 - By Carolyn Hewitt

Amgen Inc. (NASDAQ:AMGN) Logo

Kcm Investment Advisors Llc decreased its stake in Kinder Morgan Inc (KMI) by 36% based on its latest 2018Q1 regulatory filing with the SEC. Kcm Investment Advisors Llc sold 38,738 shares as the company’s stock declined 6.09% with the market. The institutional investor held 68,869 shares of the public utilities company at the end of 2018Q1, valued at $1.04M, down from 107,607 at the end of the previous reported quarter. Kcm Investment Advisors Llc who had been investing in Kinder Morgan Inc for a number of months, seems to be less bullish one the $40.10 billion market cap company. The stock increased 1.28% or $0.23 during the last trading session, reaching $18.17. About 12.69M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 18.18% since August 12, 2017 and is downtrending. It has underperformed by 30.75% the S&P500. Some Historical KMI News: 18/04/2018 – KINDER MORGAN CANADA LTD SAYS “SEEKS CLARITY ON PATH FORWARD, SHAREHOLDER PROTECTION ON TRANS MOUNTAIN EXPANSION PROJECT”; 29/05/2018 – Kinder Morgan Canada to Sell Trans Mountain Pipeline System and Expansion Project to Canada Govt for C$4.5 Billion; 30/05/2018 – Canada’s purchase of Trans Mountain was exceptional -minister; 08/05/2018 – Norway’s wealth fund says to support methane emission motion at Kinder Morgan AGM; 18/04/2018 – KINDER MORGAN ON TRANS MOUNTAIN EXPANSION PROJECT SAYS EVENTS OF LAST 10 DAYS CONFIRMED VIEW THAT INVESTMENT MAY BE UNTENABLE – CONF CALL; 23/03/2018 – CBC British Columbia: #BREAKING: Federal Green Party Leader Elizabeth May arrested at Kinder Morgan protest site. Updated story; 12/04/2018 – The Vancouver Sun: BREAKING: PM Justin Trudeau to meet with B.C. Premier John Horgan and Alberta Premier Rachel Notley Sunday; 15/04/2018 – KMI: Horgan says Trudeau told him Feds will move legislative and fianancial measures in the days ahead. Leaves to PM to outline. #TransMountain – ! $KMI; 29/05/2018 – Financial Post: BREAKING Finance Minister Bill Morneau to speak at 8:45 a.m. on fate of Trans Mountain pipeline. Kinder Morgan; 18/04/2018 – Kinder Morgan: Continues to Expect to Use Cash in Excess of Dividend Payments to Fund Growth Investments

Chemung Canal Trust Company increased its stake in Amgen (AMGN) by 44.34% based on its latest 2018Q1 regulatory filing with the SEC. Chemung Canal Trust Company bought 2,799 shares as the company’s stock declined 5.44% with the market. The institutional investor held 9,111 shares of the biological products (no diagnostic substances) company at the end of 2018Q1, valued at $1.55 million, up from 6,312 at the end of the previous reported quarter. Chemung Canal Trust Company who had been investing in Amgen for a number of months, seems to be bullish on the $125.84B market cap company. The stock increased 0.23% or $0.45 during the last trading session, reaching $194.42. About 1.52M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 14.68% since August 12, 2017 and is uptrending. It has outperformed by 2.11% the S&P500. Some Historical AMGN News: 01/05/2018 – Regeneron and Sanofi to Lower Net Price of Praluent (alirocumab) Injection in Exchange for Straightforward, More Affordable Patient Access for Express Scripts Patients; 14/05/2018 – Amgen Presenting at Bank of America Conference Tomorrow; 21/05/2018 – FDA Approves Prolia┬« (Denosumab) For Glucocorticoid-Induced Osteoporosis; 29/03/2018 – FDA OKS BLINCYTO┬« (BLINATUMOMAB) TO TREAT MINIMAL RESIDUAL; 10/03/2018 – REGENERON, SANOFI SAY PRALUENT PRICING OFFER TO BE TIED TO INDEPENDENT ICER REVIEW OF NEW RISK REDUCTION DATA; 17/05/2018 – NOVARTIS AG NOVN.S – EMA MARKETING AUTHORIZATION APPLICATION FOR AIMOVIG IS UNDER REVIEW. NOVARTIS EXPECTS APPROVAL IN EU IN COMING MONTHS; 10/05/2018 – Templeton Adds Goldcorp, Exits Halliburton, Cuts Amgen: 13F; 29/03/2018 – FDA SAYS GRANTED APPROVAL OF BLINCYTO TO AMGEN; 13/04/2018 – AbbVie’s Humira Retail Sales Rose 0.4% in Latest Week: Symphony; 23/03/2018 – AMGEN INC – RECOMMENDED FOR APPROVAL FOR SAME INDICATIONS AS HERCEPTIN

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 76% are positive. Kinder Morgan had 91 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Monday, April 30 with “Buy”. The rating was upgraded by Wolfe Research to “Outperform” on Thursday, October 20. Raymond James maintained the stock with “Buy” rating in Friday, July 21 report. Jefferies maintained the shares of KMI in report on Monday, August 21 with “Hold” rating. Bernstein initiated the stock with “Market Perform” rating in Wednesday, May 11 report. Stifel Nicolaus downgraded the shares of KMI in report on Thursday, October 22 to “Hold” rating. The firm has “Overweight” rating by Morgan Stanley given on Friday, November 17. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 4. RBC Capital Markets maintained Kinder Morgan, Inc. (NYSE:KMI) on Thursday, January 18 with “Hold” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 21.

Analysts await Kinder Morgan, Inc. (NYSE:KMI) to report earnings on October, 19. They expect $0.21 EPS, up 40.00% or $0.06 from last year’s $0.15 per share. KMI’s profit will be $463.43M for 21.63 P/E if the $0.21 EPS becomes a reality. After $0.21 actual EPS reported by Kinder Morgan, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Kcm Investment Advisors Llc, which manages about $2.95 billion and $1.65B US Long portfolio, upped its stake in Salesforce.Com Inc (NYSE:CRM) by 9,287 shares to 29,574 shares, valued at $3.44 million in 2018Q1, according to the filing. It also increased its holding in Spdr Industrial Select Sector (XLI) by 38,420 shares in the quarter, for a total of 233,985 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Fool.com which released: “Kinder Morgan Inc’s Latest Growth Project Just Got a Huge Boost” on August 10, 2018, also 247Wallst.com with their article: “Why Short Sellers Piled On Kinder Morgan” published on August 10, 2018, Seekingalpha.com published: “Kinder Morgan little changed after Q2 results” on July 18, 2018. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Fool.com and their article: “Kinder Morgan Still Has No Plans to Jettison this Misunderstood Business” published on July 25, 2018 as well as Fool.com‘s news article titled: “Behind-the-Scenes Conversation: We’re Irrationally Bullish About These 3 Stocks” with publication date: August 04, 2018.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.29, from 0.7 in 2017Q4. It improved, as 74 investors sold KMI shares while 305 reduced holdings. 108 funds opened positions while 266 raised stakes. 1.31 billion shares or 0.24% less from 1.31 billion shares in 2017Q4 were reported. 79,541 were reported by Hourglass Limited Liability Company. 20,402 are owned by Motley Fool Asset Management Limited Company. Bruni J V And stated it has 3.16% in Kinder Morgan, Inc. (NYSE:KMI). Blackhill Cap holds 460,876 shares. Raymond James And reported 0.05% in Kinder Morgan, Inc. (NYSE:KMI). Bnp Paribas Asset Mgmt Holdings Sa invested 0.01% in Kinder Morgan, Inc. (NYSE:KMI). 1832 Asset Mngmt Lp holds 0.01% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI) for 233,000 shares. Gamco Invsts Et Al stated it has 14,487 shares. California State Teachers Retirement System holds 3.30M shares. Brinker holds 65,931 shares. Private Asset Mgmt accumulated 303,237 shares. Advisors Capital Mngmt Ltd, New Jersey-based fund reported 200,628 shares. Franklin has 0.35% invested in Kinder Morgan, Inc. (NYSE:KMI) for 45.45 million shares. Port Solutions Ltd Limited Liability Company has invested 0% in Kinder Morgan, Inc. (NYSE:KMI). Verition Fund Management Ltd Liability Co has invested 0.06% in Kinder Morgan, Inc. (NYSE:KMI).

Chemung Canal Trust Company, which manages about $418.64M US Long portfolio, decreased its stake in Wal (NYSE:WMT) by 56,512 shares to 46,526 shares, valued at $4.14M in 2018Q1, according to the filing. It also reduced its holding in Wells (NYSE:WFC) by 6,693 shares in the quarter, leaving it with 9,580 shares, and cut its stake in Xtrackers (DBEF).

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.34, from 1.22 in 2017Q4. It dived, as 67 investors sold AMGN shares while 557 reduced holdings. 114 funds opened positions while 435 raised stakes. 502.72 million shares or 8.88% less from 551.71 million shares in 2017Q4 were reported. King Wealth, a New York-based fund reported 1,263 shares. Cypress Mgmt Lc has 0.14% invested in Amgen Inc. (NASDAQ:AMGN). Meridian Inv Counsel Inc has 0.74% invested in Amgen Inc. (NASDAQ:AMGN). Cobblestone Cap Advisors Limited Liability Corporation reported 6,116 shares. Parthenon holds 0.06% or 1,384 shares in its portfolio. Eads And Heald Inv Counsel reported 11,152 shares. Moreover, Metropolitan Life Ins Ny has 0% invested in Amgen Inc. (NASDAQ:AMGN) for 114,126 shares. Brandywine Glob Investment Mgmt Ltd Liability Com stated it has 0.8% in Amgen Inc. (NASDAQ:AMGN). Holderness Invs Com holds 0.51% of its portfolio in Amgen Inc. (NASDAQ:AMGN) for 6,041 shares. New England And Management stated it has 0.6% in Amgen Inc. (NASDAQ:AMGN). Texas Permanent School Fund stated it has 0.39% in Amgen Inc. (NASDAQ:AMGN). Great Lakes Advsr Ltd Liability Corporation has 14,700 shares for 0.06% of their portfolio. Meeder Asset Mngmt holds 0.69% in Amgen Inc. (NASDAQ:AMGN) or 43,547 shares. Wall Street Access Asset Mgmt Lc stated it has 2,929 shares. Mechanics Savings Bank Tru Department accumulated 3,725 shares or 0.15% of the stock.

Since February 14, 2018, it had 0 insider purchases, and 5 sales for $1.36 million activity.

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

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