Trigran Investments Has Increased Its Panhandle Oil And Gas (PHX) Position by $1.81 Million; As Kinder Morgan Inc/De (KMI) Market Valuation Declined, Cortland Advisers Lowered Position

May 2, 2018 - By Hazel Jackson

Kinder Morgan, Inc. (NYSE:KMI) Logo

Cortland Advisers Llc decreased its stake in Kinder Morgan Inc/De (KMI) by 7.41% based on its latest 2017Q4 regulatory filing with the SEC. Cortland Advisers Llc sold 656,219 shares as the company’s stock declined 16.40% with the market. The institutional investor held 8.21 million shares of the public utilities company at the end of 2017Q4, valued at $148.28M, down from 8.86M at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Kinder Morgan Inc/De for a number of months, seems to be less bullish one the $35.65B market cap company. The stock increased 0.87% or $0.14 during the last trading session, reaching $16.16. About 13.90M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since May 2, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Douglas T. Granat increased its stake in Panhandle Oil And Gas Inc (PHX) by 4.6% based on its latest 2017Q4 regulatory filing with the SEC. Trigran Investments Inc bought 90,683 shares as the company’s stock declined 11.21% with the market. The hedge fund run by Douglas T. Granat held 2.06M shares of the oil & gas production company at the end of 2017Q4, valued at $42.40M, up from 1.97M at the end of the previous reported quarter. Trigran Investments Inc who had been investing in Panhandle Oil And Gas Inc for a number of months, seems to be bullish on the $330.00 million market cap company. It closed at $19.75 lastly. It is down 2.15% since May 2, 2017 and is uptrending. It has underperformed by 9.40% the S&P500.

Investors sentiment decreased to 1.52 in Q4 2017. Its down 0.29, from 1.81 in 2017Q3. It fall, as 5 investors sold PHX shares while 18 reduced holdings. 9 funds opened positions while 26 raised stakes. 9.56 million shares or 1.18% more from 9.45 million shares in 2017Q3 were reported. 2.06 million were reported by Trigran Invs. Pecaut & reported 21,200 shares. California State Teachers Retirement System invested 0% in Panhandle Oil and Gas Inc. (NYSE:PHX). California Public Employees Retirement has 0.01% invested in Panhandle Oil and Gas Inc. (NYSE:PHX) for 200,400 shares. State Street has invested 0% in Panhandle Oil and Gas Inc. (NYSE:PHX). Dimensional Fund Advsrs LP invested in 0.01% or 603,153 shares. D E Shaw Com invested in 14,787 shares. Robotti Robert invested in 753,680 shares. Parallax Volatility Advisers Lp stated it has 0% in Panhandle Oil and Gas Inc. (NYSE:PHX). Credit Suisse Ag invested in 0% or 21,076 shares. Moreover, Tci Wealth Advisors has 0.01% invested in Panhandle Oil and Gas Inc. (NYSE:PHX). 150,644 were reported by Geode Mngmt Limited Liability Corp. Bridgeway Mgmt invested in 0.01% or 28,594 shares. Comml Bank holds 0% or 700 shares in its portfolio. National Bank & Trust Of New York Mellon reported 156,218 shares.

Trigran Investments Inc, which manages about $278.36 million and $445.63M US Long portfolio, decreased its stake in Monotype Imaging Holdings In (NASDAQ:TYPE) by 203,822 shares to 2.08M shares, valued at $50.12 million in 2017Q4, according to the filing. It also reduced its holding in Integrated Device Technology (NASDAQ:IDTI) by 146,600 shares in the quarter, leaving it with 1.53M shares, and cut its stake in Model N Inc (NYSE:MODN).

Since December 7, 2017, it had 2 insider buys, and 0 sales for $19,471 activity. On Tuesday, March 13 the insider BEHRMAN MARK T bought $19,262.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.07, from 0.77 in 2017Q3. It is 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. Hudock Cap Gru Ltd Liability reported 3,977 shares. Tarbox Family Office invested in 923 shares or 0.01% of the stock. Franklin Street Advsr Incorporated Nc stated it has 0.22% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Riverpoint Cap Management Ltd Liability Corporation, Ohio-based fund reported 47,999 shares. New York-based Neuberger Berman Group Incorporated Lc has invested 0.01% in Kinder Morgan, Inc. (NYSE:KMI). Gofen & Glossberg Ltd Liability Corporation Il owns 23,143 shares or 0.01% of their US portfolio. Pitcairn Com reported 0.07% in Kinder Morgan, Inc. (NYSE:KMI). Truepoint Inc has 0.04% invested in Kinder Morgan, Inc. (NYSE:KMI). Stellar Capital Mngmt Limited Liability Company accumulated 37,663 shares. Tdam Usa Inc holds 36,639 shares. Assetmark Inc holds 0% or 1,004 shares. Tudor Invest Corp Et Al has invested 0.05% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Shell Asset Mngmt has 0.06% invested in Kinder Morgan, Inc. (NYSE:KMI) for 170,909 shares. New York-based Tiedemann Wealth Mgmt Limited Liability Company has invested 0.81% in Kinder Morgan, Inc. (NYSE:KMI). Moreover, Estabrook Mngmt has 0.01% invested in Kinder Morgan, Inc. (NYSE:KMI) for 3,847 shares.

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 earned “Buy” rating on Thursday, September 21 by Stifel Nicolaus. BMO Capital Markets maintained it with “Buy” rating and $26.0 target in Thursday, October 12 report. On Monday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Thursday, October 22 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock has “Hold” rating by Wells Fargo on Thursday, January 11. The firm has “Outperform” rating given on Thursday, October 20 by Wolfe Research. RBC Capital Markets maintained Kinder Morgan, Inc. (NYSE:KMI) on Monday, April 9 with “Hold” rating. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Overweight” rating given on Thursday, August 18 by Morgan Stanley. RBC Capital Markets maintained Kinder Morgan, Inc. (NYSE:KMI) rating on Thursday, December 3. RBC Capital Markets has “Outperform” rating and $29 target. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, October 20 report.

Panhandle Oil and Gas Inc. (NYSE:PHX) Institutional Positions Chart

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