As Kinder Morgan Inc/De (KMI) Share Price Declined, Webster Bank Trimmed by $898,985 Its Position; Private Harbour Investment Management & Counsel Has Cut Verifone Sys (PAY) Holding by $1.07 Million; Stock Value Declined

February 15, 2018 - By Michael Collier

Private Harbour Investment Management & Counsel Llc decreased its stake in Verifone Sys Inc (PAY) by 56.85% based on its latest 2017Q3 regulatory filing with the SEC. Private Harbour Investment Management & Counsel Llc sold 53,635 shares as the company’s stock declined 10.59% while stock markets rallied. The institutional investor held 40,710 shares of the miscellaneous company at the end of 2017Q3, valued at $826,000, down from 94,345 at the end of the previous reported quarter. Private Harbour Investment Management & Counsel Llc who had been investing in Verifone Sys Inc for a number of months, seems to be less bullish one the $1.91 billion market cap company. The stock increased 0.41% or $0.07 during the last trading session, reaching $17.34. About 1.00 million shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 31.93% since February 15, 2017 and is downtrending. It has underperformed by 48.63% the S&P500.

Webster Bank decreased its stake in Kinder Morgan Inc/De (KMI) by 94.41% based on its latest 2017Q3 regulatory filing with the SEC. Webster Bank sold 47,315 shares as the company’s stock declined 10.34% while stock markets rallied. The institutional investor held 2,800 shares of the public utilities company at the end of 2017Q3, valued at $54,000, down from 50,115 at the end of the previous reported quarter. Webster Bank who had been investing in Kinder Morgan Inc/De for a number of months, seems to be less bullish one the $38.50B market cap company. The stock increased 0.35% or $0.06 during the last trading session, reaching $17.45. About 10.85M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since February 15, 2017 and is uptrending. It has underperformed by 3.61% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.13, from 0.9 in 2017Q2. It dropped, as 70 investors sold KMI shares while 353 reduced holdings. 69 funds opened positions while 257 raised stakes. 1.31 billion shares or 2.89% more from 1.27 billion shares in 2017Q2 were reported. Thompson Davis And Com Inc invested in 1,456 shares or 0.05% of the stock. Stelac Advisory Service Limited Liability Company invested 0.16% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Jfs Wealth Lc, Pennsylvania-based fund reported 1,231 shares. Riverpoint Capital Mngmt Ltd Liability has invested 0.04% in Kinder Morgan, Inc. (NYSE:KMI). Moreover, Richmond Hill Inv Company Ltd Partnership has 5.58% invested in Kinder Morgan, Inc. (NYSE:KMI). Qs Invsts Ltd Liability Company has invested 0.03% in Kinder Morgan, Inc. (NYSE:KMI). Gilman Hill Asset Mgmt Ltd Liability has 0.29% invested in Kinder Morgan, Inc. (NYSE:KMI). Wetherby Asset Management holds 0.09% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI) for 31,327 shares. Cwm Ltd Liability holds 0.01% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI) for 12,391 shares. Livingston Gru Asset (Operating As Southport Capital Management) holds 0.62% in Kinder Morgan, Inc. (NYSE:KMI) or 76,556 shares. Tortoise Cap Advisors Llc holds 13.91 million shares. Td Mngmt Llc, Tennessee-based fund reported 430 shares. Investors Asset Of Georgia Inc Ga Adv invested 0.18% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Atlantic Trust Group Limited Liability Corporation invested in 10.33M shares or 0.89% of the stock. Cordasco Networks reported 243 shares.

Among 23 analysts covering Kinder Morgan (NYSE:KMI), 14 have Buy rating, 0 Sell and 9 Hold. Therefore 61% are positive. Kinder Morgan had 75 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, March 17. Macquarie Research initiated the shares of KMI in report on Friday, April 21 with “Neutral” rating. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Neutral” rating given on Tuesday, October 17 by Citigroup. The firm has “Hold” rating given on Sunday, August 27 by RBC Capital Markets. The company was upgraded on Thursday, October 20 by Credit Suisse. The rating was maintained by Barclays Capital with “Overweight” on Monday, July 18. The rating was maintained by JP Morgan with “Overweight” on Monday, February 12. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Buy” rating by Stifel Nicolaus on Thursday, July 13. Wells Fargo downgraded it to “Hold” rating and $21.0 target in Thursday, January 11 report. The company was maintained on Friday, November 17 by Morgan Stanley.

Webster Bank, which manages about $688.03 million US Long portfolio, upped its stake in Pacific Investment Management Co Llc (MINT) by 8,041 shares to 8,048 shares, valued at $819,000 in 2017Q3, according to the filing. It also increased its holding in Blackrock Fund Advisors (EFA) by 7,041 shares in the quarter, for a total of 112,872 shares, and has risen its stake in Alphabet Inc.

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. Verifone Systems Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. Argus Research upgraded VeriFone Systems, Inc. (NYSE:PAY) rating on Wednesday, September 30. Argus Research has “Buy” rating and $35 target. The firm has “Buy” rating by Jefferies given on Monday, September 11. Raymond James upgraded it to “Strong Buy” rating and $44 target in Thursday, October 8 report. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “In-Line” rating by Imperial Capital on Thursday, March 23. The stock has “Neutral” rating by Northcoast on Wednesday, September 6. Susquehanna maintained the stock with “Positive” rating in Friday, September 4 report. The firm earned “Outperform” rating on Thursday, November 16 by Raymond James. RBC Capital Markets maintained it with “Hold” rating and $20.0 target in Tuesday, November 14 report. The stock of VeriFone Systems, Inc. (NYSE:PAY) has “Buy” rating given on Thursday, June 9 by Standpoint Research. The stock has “In-Line” rating by Imperial Capital on Monday, September 12.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.28, from 1.16 in 2017Q2. It worsened, as 31 investors sold PAY shares while 80 reduced holdings. 34 funds opened positions while 64 raised stakes. 114.66 million shares or 2.52% less from 117.62 million shares in 2017Q2 were reported. The Pennsylvania-based Millrace Asset Group Inc has invested 1.64% in VeriFone Systems, Inc. (NYSE:PAY). Nelson Van Denburg & Campbell Wealth Mgmt Gru Lc holds 0% or 400 shares. The Wisconsin-based Cap Invest Services Of America has invested 1.16% in VeriFone Systems, Inc. (NYSE:PAY). Citadel Advsrs Limited Liability invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Manatuck Hill Prtnrs Limited Co has 45,000 shares. 3.48 million were accumulated by Snow Capital Mngmt L P. Deutsche Comml Bank Ag holds 0.01% or 582,552 shares in its portfolio. Voya Inv Mngmt Ltd Limited Liability Company holds 51,431 shares or 0% of its portfolio. One Trading Ltd Partnership holds 0.05% or 265,777 shares in its portfolio. Jackson Square Prtnrs Lc reported 0.17% in VeriFone Systems, Inc. (NYSE:PAY). 103,550 were reported by Hap Trading Limited. Cantab Capital Prns Llp accumulated 9,283 shares or 0.03% of the stock. Engineers Gate Manager LP reported 169,200 shares. The New York-based Mutual Of America Capital Mngmt Lc has invested 0.03% in VeriFone Systems, Inc. (NYSE:PAY). Private Harbour Inv Management & Counsel Ltd Liability Corp holds 0.69% or 40,710 shares in its portfolio.

Analysts await VeriFone Systems, Inc. (NYSE:PAY) to report earnings on March, 8. They expect $0.16 EPS, up 33.33% or $0.04 from last year’s $0.12 per share. PAY’s profit will be $17.66 million for 27.09 P/E if the $0.16 EPS becomes a reality. After $0.35 actual EPS reported by VeriFone Systems, Inc. for the previous quarter, Wall Street now forecasts -54.29% negative EPS growth.

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By1 Michael Collier

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