As Citigroup (C) Share Price Declined, Westover Capital Advisors Has Cut Its Position by $2.34 Million; As Kinder Morgan Del (KMI) Stock Price Declined, Holder Nichols & Pratt Advisers Llp Has Boosted Stake

June 19, 2018 - By Dolores Ford

Citigroup Inc. (NYSE:C) Logo

Westover Capital Advisors Llc decreased its stake in Citigroup Inc (C) by 60.17% based on its latest 2018Q1 regulatory filing with the SEC. Westover Capital Advisors Llc sold 34,958 shares as the company’s stock declined 11.86% with the market. The institutional investor held 23,142 shares of the major banks company at the end of 2018Q1, valued at $1.56 million, down from 58,100 at the end of the previous reported quarter. Westover Capital Advisors Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $169.44B market cap company. The stock decreased 0.45% or $0.3 during the last trading session, reaching $66.45. About 5.71M shares traded. Citigroup Inc. (NYSE:C) has risen 10.48% since June 19, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: 29/03/2018 – UBS IS SAID TO HIRE CREDIT SUISSE’S FLETCHER, CITI’S BRENNAN; 27/04/2018 – Cboe, market makers targeted in VIX manipulation lawsuit; 07/05/2018 – Citi’s Survey of Economists for Mexico: May 7 (Table); 13/03/2018 – CITIGROUP SAYS TRUSCOTT TO START IN APRIL: INTERNAL MEMO; 20/03/2018 – Moody’s Assigns Definitive Ratings To Seven Cmbs Classes Of Citigroup Commercial Mortgage Trust, Series 2018-B2; 10/05/2018 – PHARMACEUTICALS : CITIGROUP SAYS PREFER ASTRAZENECA, MERCK KGAA AND BAYER IN EUROPE; 28/03/2018 – GODEWIND IMMOBILIEN AG GWD.DE – CITI AND JP MORGAN ACTED AS JOINT GLOBAL COORDINATORS AND TOGETHER WITH BERENBERG AND SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING AS JOINT BOOKRUNNERS; 06/03/2018 – PSA PEUP.PA : CITIGROUP RAISES RATING ON PSA PEUP.PA TO NEUTRAL VS SELL; 13/04/2018 – Citigroup: Returned $3.1B of Cap to Common Hldrs; 13/04/2018 – Cramer Remix: Weekend jitters, not earnings, drove down JP Morgan and Citigroup

Nichols & Pratt Advisers Llp increased its stake in Kinder Morgan Inc Del (KMI) by 7.04% based on its latest 2018Q1 regulatory filing with the SEC. Nichols & Pratt Advisers Llp bought 52,426 shares as the company’s stock declined 6.09% with the market. The institutional investor held 796,685 shares of the public utilities company at the end of 2018Q1, valued at $11.99 million, up from 744,259 at the end of the previous reported quarter. Nichols & Pratt Advisers Llp who had been investing in Kinder Morgan Inc Del for a number of months, seems to be bullish on the $37.82 billion market cap company. The stock decreased 0.09% or $0.015 during the last trading session, reaching $17.145. About 3.88 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 18.18% since June 19, 2017 and is downtrending. It has underperformed by 30.75% the S&P500. Some Historical KMI News: 16/05/2018 – Canada: Ready to Compensate Another Operator if Kinder Morgan Withdraws From Project; 18/04/2018 – KINDER MORGAN CANADA LTD KML.TO – QTRLY REVENUES $164.2 MLN VS $164.5 MLN; 14/05/2018 – Kinder Morgan to Take Outcome of Shareholder Votes Into Consideration; 08/04/2018 – KINDER MORGAN CANADA LTD KML.TO – SUSPENDS NON-ESSENTIAL SPENDING ON TRANS MOUNTAIN EXPANSION PROJECT; 15/05/2018 – CANADA’S TRUDEAU SAYS LOTS OF FACTORS WILL AFFECT GOVERNMENT’S DECISION ON POSSIBLE AID TO KINDER MORGAN; “EVERYTHING IS ON THE TABLE”; 29/05/2018 – CANADA PM SAYS “THERE IS A VERY STRONG BUSINESS CASE” FOR THE KINDER MORGAN CANADA EXPANSION; 16/04/2018 – ALBERTA INTRODUCES LEGISLATION ALLOWING IT TO RESTRICT PROVINCIAL EXPORTS OF CRUDE OIL, NATURAL GAS AND REFINED FUELS; 18/04/2018 – BRITISH COLUMBIA TO FILE KINDER MORGAN PIPELINE CASE THIS MONTH; 19/04/2018 – Canada energy minister: Ottawa still in talks with Kinder Morgan; 16/05/2018 – ALBERTA PREMIER NOTLEY SAYS WORKING CLOSELY WITH OTTAWA TO PROVIDE LEGAL CERTAINTY TO INVESTORS, CONFIDENT SOLUTIONS CAN BE FOUND

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Benzinga.com which released: “Kinder Morgan Is A Buy After Pipeline Sale To Canadian Government, Wells Fargo Says In Upgrade” on June 18, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” published on June 18, 2018, Seekingalpha.com published: “Kinder Morgan Starts Over” on May 30, 2018. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Fool.com and their article: “How Kinder Morgan Inc Could Spend Its Cash Hoard” published on June 02, 2018 as well as Fool.com‘s news article titled: “Kinder Morgan Inc’s Loss Might Be This High-Yield Stock’s Gain” with publication date: June 18, 2018.

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Kinder Morgan had 87 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Friday, April 21. Argus Research maintained Kinder Morgan, Inc. (NYSE:KMI) on Tuesday, November 10 with “Buy” rating. The stock has “Buy” rating by TD Securities on Tuesday, June 20. The firm has “Hold” rating given on Sunday, October 1 by RBC Capital Markets. Stifel Nicolaus upgraded it to “Buy” rating and $24 target in Thursday, October 20 report. The rating was maintained by UBS with “Buy” on Friday, March 2. As per Thursday, October 22, the company rating was maintained by Barclays Capital. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Buy” rating given on Wednesday, March 21 by Bank of America. The firm has “Outperform” rating by Credit Suisse given on Thursday, October 20. The rating was upgraded by Argus Research on Monday, January 29 to “Buy”.

Investors sentiment increased to 0.99 in Q1 2018. Its up 0.29, from 0.7 in 2017Q4. It is positive, 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. Cim Invest Mangement invested in 0.14% or 27,358 shares. Van Eck Assoc has 23,709 shares for 0% of their portfolio. Central Financial Bank Com accumulated 413 shares. Greylin Invest Mangement holds 11,944 shares or 0.04% of its portfolio. Commonwealth Bancorp Of Aus invested in 3.87% or 23.90 million shares. Farmers National Bank reported 21,679 shares. Qs Lc owns 210,548 shares for 0.03% of their portfolio. Moreover, Pinnacle Prns Inc has 0.08% invested in Kinder Morgan, Inc. (NYSE:KMI). Asset Management One Limited owns 3.13 million shares. Glenmede Trust Communication Na reported 1.26 million shares or 0.09% of all its holdings. Cordasco Ntwk holds 243 shares. Robeco Institutional Asset Mgmt Bv, a Netherlands-based fund reported 509,094 shares. 1,000 were accumulated by Cypress Capital Limited Liability Com (Wy). Ameriprise Fincl reported 1.32 million shares. Levin Capital Strategies Lp has invested 0.1% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI).

Nichols & Pratt Advisers Llp, which manages about $1.58B and $1.10 billion US Long portfolio, decreased its stake in Praxair Inc (NYSE:PX) by 4,270 shares to 148,355 shares, valued at $21.38M in 2018Q1, according to the filing. It also reduced its holding in Monsanto Co New (NYSE:MON) by 12,470 shares in the quarter, leaving it with 65,709 shares, and cut its stake in Procter & Gamble Co (NYSE:PG).

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Citigroup Inc. (NYSE:C) on Monday, September 25 with “Buy” rating. Jefferies maintained the shares of C in report on Sunday, April 15 with “Hold” rating. The firm has “Outperform” rating given on Tuesday, January 19 by RBC Capital Markets. The stock has “Buy” rating by Nomura on Monday, July 17. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The stock has “Buy” rating by Berenberg on Wednesday, July 13. The firm earned “Market Perform” rating on Friday, July 8 by Wells Fargo. The rating was downgraded by Vertical Group on Wednesday, January 17 to “Hold”. Stifel Nicolaus downgraded the shares of C in report on Monday, October 9 to “Hold” rating. The stock of Citigroup Inc. (NYSE:C) earned “Outperform” rating by Oppenheimer on Tuesday, January 19.

Westover Capital Advisors Llc, which manages about $162.39M and $183.71M US Long portfolio, upped its stake in General Mtrs Co (NYSE:GM) by 9,350 shares to 99,404 shares, valued at $3.61M in 2018Q1, according to the filing. It also increased its holding in Unitedhealth Group Inc (NYSE:UNH) by 4,703 shares in the quarter, for a total of 11,223 shares, and has risen its stake in Thor Inds Inc (NYSE:THO).

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.56 EPS, up 22.83% or $0.29 from last year’s $1.27 per share. C’s profit will be $3.98B for 10.65 P/E if the $1.56 EPS becomes a reality. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.18, from 1.07 in 2017Q4. It turned negative, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Moreover, Oldfield Prns Llp has 8.14% invested in Citigroup Inc. (NYSE:C) for 1.39M shares. Moreover, Carroll Fincl Associate Inc has 0.04% invested in Citigroup Inc. (NYSE:C). Moreover, San Francisco Sentry Inv Grp (Ca) has 0.18% invested in Citigroup Inc. (NYSE:C). Maryland Capital has invested 0.04% in Citigroup Inc. (NYSE:C). Private Advisor Limited Company has 0.08% invested in Citigroup Inc. (NYSE:C) for 31,804 shares. Meiji Yasuda Life Insurance Com holds 0.8% of its portfolio in Citigroup Inc. (NYSE:C) for 77,568 shares. Westover Capital Advsr Ltd Com stated it has 0.85% of its portfolio in Citigroup Inc. (NYSE:C). First Personal Financial holds 0.14% or 9,139 shares in its portfolio. Colrain Capital Limited Co owns 72,020 shares or 5.15% of their US portfolio. Eqis Cap Mgmt reported 15,007 shares. 1,322 are held by Security Natl Tru Communications. Washington Capital Management reported 35,200 shares. 335,064 are held by Cibc Asset Management. 262,726 were reported by Seatown Pte Limited. Elkhorn Prns Partnership reported 0.56% stake.

Since February 27, 2018, it had 0 insider purchases, and 7 sales for $5.91 million activity. On Tuesday, February 27 the insider Gerspach John C sold $542,920. 8,010 shares were sold by Hu W. Bradford, worth $611,804 on Tuesday, February 27. MURRAY JOSEPH MICHAEL also sold $263,126 worth of Citigroup Inc. (NYSE:C) on Tuesday, February 27. Shares for $500,666 were sold by Forese James A.. Callahan Don had sold 7,000 shares worth $536,410.

More important recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup Will Thrive Regardless Of Interest Rates” on June 08, 2018, also Livetradingnews.com published article titled: “Citigroup Inc. (NYSE:C) Bears in Favor”, Bizjournals.com published: “What’s North Carolina’s piece of the $100M Citigroup settlement?” on June 18, 2018. More interesting news about Citigroup Inc. (NYSE:C) was released by: Seekingalpha.com and their article: “US banks may boost payouts by $30B after stress tests: Bloomberg” with publication date: June 19, 2018.

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

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