May 29, 2017

Kinder Morgan, Inc. (KMI): Start Paying Attention to Revised Ratings

20 May 2017, 12:01 | Melvin Schneider

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QCOM stock chart

Qualcomm Inc. had 74 analyst reports since July 23, 2015 according to SRatingsIntel. State Street Corp now owns 67,531,171 shares of the wireless technology company's stock worth $4,403,029,000 after buying an additional 1,059,009 shares during the period. Legacy Private Trust Co.'s holdings in QUALCOMM were worth $235,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in QCOM. Bank of Nova Scotia increased its stake in QUALCOMM by 1,364.5% in the first quarter. Leavell Investment Management Inc. now owns 15,617 shares of the wireless technology company's stock worth $1,070,000 after buying an additional 2,027 shares in the last quarter. Jacobi Capital Management LLC increased its stake in QUALCOMM by 11.2% in the third quarter. Braver Wealth Management Ltd Liability Company invested in 9,543 shares or 0.1% of the stock.

Kinder Morgan, Inc. (NYSE:KMI) share price decreased in the last trading session with a previous 52-week high of $22.95. Inc. now owns 123,633 shares of the wireless technology company's stock valued at $7,089,000 after buying an additional 29,422 shares in the last quarter. The business's quarterly revenue was up 8.1% on a year-over-year basis. Cue Financial Group Inc. now owns 4,089 shares of the wireless technology company's stock valued at $280,000 after buying an additional 61 shares in the last quarter. The stock of Kinder Morgan Inc (NYSE:KMI) has "Buy" rating given on Tuesday, November 10 by Argus Research. Finally, American National Bank raised its position in QUALCOMM by 41.0% in the first quarter. (NASDAQ:QCOM) opened at 57.67 on Friday. Volume in the last session has increased compared with the stock's average trading volume. The firm has a market capitalization of $85.20 billion, a price-to-earnings ratio of 19.22 and a beta of 1.31. QUALCOMM, Inc. QUALCOMM also was the target of some unusual options trading activity on Friday.

Sometimes, we can understand most about a stock by simply looking at how it has been trading.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.05 by $0.29. Presently, it has a Return on Equity (ROE) of 2.00% and Return on Investment (ROI) of 2.70%. QUALCOMM's revenue was up 8.1% compared to the same quarter previous year. QUALCOMM updated its Q3 guidance to $0.90-1.15 EPS.

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In the case of Kinder Morgan Inc., the RSI reading has hit 29.7 - by comparison, the universe of energy stocks covered by Energy Stock Channel now has an average RSI of 45.4, the RSI of WTI Crude Oil is at 52.8, the RSI of Henry Hub Natural Gas is presently 44.5, and the 3-2-1 Crack Spread RSI is 50.0.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. The difference between actual earnings and estimated earnings was $0.01 per share. Capital Lc has invested 0.6% in QUALCOMM, Inc. This represents a $2.28 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM's dividend payout ratio (DPR) is 64.63%.

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Several research firms have recently issued reports on QCOM. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of QUALCOMM in a report on Monday. Cowen and Company cut their target price on shares of QUALCOMM to $73.00 in a research report on Thursday, January 26th. CLSA lowered shares of QUALCOMM from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $80.00 to $60.00 in a research note on Monday, January 23rd. As per Thursday, December 3, the company rating was downgraded by Argus Research. The stock was acquired at an average cost of $54.59 per share, for a total transaction of $491,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

In related news, EVP Donald J. Rosenberg sold 10,701 shares of the company's stock in a transaction on Thursday, May 11th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Hedge funds and other institutional investors own 79.28% of the company's stock.

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