Grassi Investment Management Upped Kinder Morgan (KMI) Stake; Macquarie Infrastructure (MIC) SI Increased By 8.74%

May 27, 2018 - By Orlando Nugent

Kinder Morgan, Inc. (NYSE:KMI) Logo

Macquarie Infrastructure Corporation (NYSE:MIC) had an increase of 8.74% in short interest. MIC’s SI was 8.54 million shares in May as released by FINRA. Its up 8.74% from 7.85M shares previously. With 1.59 million avg volume, 5 days are for Macquarie Infrastructure Corporation (NYSE:MIC)’s short sellers to cover MIC’s short positions. The SI to Macquarie Infrastructure Corporation’s float is 11.6%. The stock increased 1.12% or $0.42 during the last trading session, reaching $38.01. About 827,419 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 27, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Grassi Investment Management increased Kinder Morgan (KMI) stake by 17.68% reported in 2017Q4 SEC filing. Grassi Investment Management acquired 37,109 shares as Kinder Morgan (KMI)’s stock declined 16.40%. The Grassi Investment Management holds 246,968 shares with $4.46 million value, up from 209,859 last quarter. Kinder Morgan now has $35.05B valuation. The stock increased 0.06% or $0.01 during the last trading session, reaching $15.89. About 17.52 million shares traded or 12.15% up from the average. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since May 27, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Macquarie Infrastructure Corporation, through its subsidiaries, owns and operates a portfolio of businesses that provide services to businesses, government agencies, and individuals. The company has market cap of $3.23 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 6.95 P/E ratio. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada.

More notable recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Seekingalpha.com which released: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Prnewswire.com with their article: “MIC Provides Additional Update Following Solid Quarterly Results and Initiatives Outlined by New Chief Executive …” published on May 07, 2018, Streetinsider.com published: “Macquarie Infrastructure (MIC) Tops Q1 EPS by 38c, Beats on Revenues” on May 03, 2018. More interesting news about Macquarie Infrastructure Corporation (NYSE:MIC) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” published on April 28, 2018 as well as Businesswire.com‘s news article titled: “All Six MIC Directors Reelected at Annual Meeting of Stockholders” with publication date: May 16, 2018.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.22, from 1.46 in 2017Q3. It dived, as 40 investors sold Macquarie Infrastructure Corporation shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported. Advantus Management stated it has 89,011 shares or 0.14% of all its holdings. Carroll Fincl Associates reported 60 shares. Sterling Management Limited Company holds 0.01% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 18,855 shares. Avenir has invested 0.58% in Macquarie Infrastructure Corporation (NYSE:MIC). Parkwood Ltd Liability accumulated 9,434 shares. Goldman Sachs Group reported 1.34 million shares. Fmr Limited has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 124,400 shares. Moreover, Aqr Cap Mngmt Limited Co has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Moreover, Rockland has 0.12% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 14,906 shares. Connecticut-based Conning has invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Bankshares Of America De holds 2.30 million shares or 0.02% of its portfolio. Td Asset has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 20,951 shares. The Georgia-based Suntrust Banks Inc has invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Capstone Inv Advsr Ltd Liability Corp has invested 0.05% in Macquarie Infrastructure Corporation (NYSE:MIC). Public Employees Retirement Association Of Colorado invested in 18,696 shares.

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure has $108 highest and $4500 lowest target. $78.50’s average target is 106.52% above currents $38.01 stock price. MacQuarie Infrastructure had 25 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Macquarie Infrastructure Corporation (NYSE:MIC) rating on Sunday, October 29. RBC Capital Markets has “Buy” rating and $93.0 target. On Thursday, March 24 the stock rating was maintained by JP Morgan with “Overweight”. Wells Fargo reinitiated the stock with “Outperform” rating in Friday, November 18 report. The firm has “Overweight” rating given on Thursday, February 23 by Barclays Capital. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, July 18. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Neutral” rating given on Thursday, February 22 by JP Morgan. The firm has “Buy” rating by RBC Capital Markets given on Sunday, August 20. On Wednesday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Kinder Morgan has $44 highest and $14 lowest target. $23.20’s average target is 46.00% above currents $15.89 stock price. Kinder Morgan had 85 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Hold” rating by Jefferies on Thursday, June 22. Stifel Nicolaus maintained it with “Buy” rating and $2500 target in Thursday, July 13 report. Wolfe Research upgraded the shares of KMI in report on Thursday, October 20 to “Outperform” rating. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Overweight” rating by Barclays Capital on Thursday, October 22. The firm has “Buy” rating by Argus Research given on Tuesday, November 10. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Outperform” rating by Credit Suisse on Thursday, October 20. The firm has “Hold” rating given on Tuesday, October 4 by Stifel Nicolaus. The stock of Kinder Morgan, Inc. (NYSE:KMI) has “Neutral” rating given on Friday, April 1 by Piper Jaffray. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 20. As per Tuesday, March 27, the company rating was upgraded by Citigroup.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: