Tourbillon Capital Partners LP Lowered Its Popular (BPOP) Position by $9.03 Million as Stock Price Rose; Kinder Morgan Del (KMI) Valuation Rose While Narwhal Capital Management Lifted Holding

September 14, 2018 - By Jacob Reddy

Kinder Morgan, Inc. (NYSE:KMI) Logo

Tourbillon Capital Partners Lp decreased its stake in Popular Inc (BPOP) by 23.67% based on its latest 2018Q2 regulatory filing with the SEC. Tourbillon Capital Partners Lp sold 200,608 shares as the company’s stock rose 7.93% with the market. The hedge fund held 647,066 shares of the finance company at the end of 2018Q2, valued at $29.25M, down from 847,674 at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Popular Inc for a number of months, seems to be less bullish one the $5.14B market cap company. The stock decreased 0.46% or $0.23 during the last trading session, reaching $50.19. About 43,876 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 24.14% since September 14, 2017 and is uptrending. It has outperformed by 8.52% the S&P500. Some Historical BPOP News: 19/04/2018 – Popular Announces Appointment of Betina Castellví as Chief Security Officer; 24/04/2018 – Popular 1Q Net $91.3M; 24/04/2018 – Popular 1Q Noninterest Income $121.5; 23/05/2018 – POPULAR INC -BANCO POPULAR ENTERED INTO TERMINATION AGREEMENT WITH FDIC; 24/04/2018 – Popular 1Q EPS 89c; 24/04/2018 – POPULAR 1Q EPS CONT OPS 89C, EST. 78C; 23/05/2018 – Popular Announces Early Termination of FDIC Shared-Loss Agreements; 04/04/2018 Argentina’s Prisma piques Evertec’s interest; 25/04/2018 – POPULAR INC BPOP.O : KBW RAISES TARGET PRICE TO $51 FROM $49; 23/05/2018 – POPULAR INC -AGREEMENT TO TERMINATE ALL SHARED-LOSS AGREEMENTS RELATED TO ACQUISITION OF ASSETS, ASSUMPTION OF CERTAIN LIABILITIES OF WESTERNBANK PUERTO RICO

Narwhal Capital Management increased its stake in Kinder Morgan Inc Del (KMI) by 19.22% based on its latest 2018Q2 regulatory filing with the SEC. Narwhal Capital Management bought 22,005 shares as the company’s stock rose 8.48% with the market. The hedge fund held 136,489 shares of the public utilities company at the end of 2018Q2, valued at $2.41M, up from 114,484 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Kinder Morgan Inc Del for a number of months, seems to be bullish on the $39.61B market cap company. The stock decreased 1.91% or $0.35 during the last trading session, reaching $17.95. About 2.47M shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 6.20% since September 14, 2017 and is downtrending. It has underperformed by 21.82% the S&P500. Some Historical KMI News: 18/04/2018 – KINDER MORGAN ON TRANS MOUNTAIN EXPANSION PROJECT SAYS EVENTS OF LAST 10 DAYS CONFIRMED VIEW THAT INVESTMENT MAY BE UNTENABLE – CONF CALL; 14/03/2018 – TRUDEAU: KINDER MORGAN TRANS MOUNTAIN PIPELINE WILL BE BUILT; 23/03/2018 – CBC British Columbia: #BREAKING: Federal Green Party Leader Elizabeth May arrested at Kinder Morgan protest site. Updated story; 18/04/2018 – KINDER MORGAN CANADA LTD SAYS RATHER THAN ACHIEVING GREATER CLARITY, THE TRANS MOUNTAIN EXPANSION PROJECT IS NOW “FACING UNQUANTIFIABLE RISK”; 14/05/2018 – Kinder Morgan to Take Outcome of Shareholder Votes Into Consideration; 29/05/2018 – KINDER MORGAN – GOVERNMENT OF CANADA AGREED TO FUND RESUMPTION OF TMEP PLANNING & CONSTRUCTION WORK BY GUARANTEEING TMEP’S ADVANCES; 29/05/2018 – Globalnews.ca: #BREAKING: The federal Liberal government plans to spend $4.5 billion to buy the Trans Mountain pipeline and; 13/04/2018 – B.C. PREMIER SAYS BELIEVES PROVINCE HAS JURISDICTION ON KINDER MORGAN PIPELINE MATTER, ISSUE SHOULD BE DECIDED IN COURT; 15/03/2018 – KINDER MORGAN INC – MANY OF RATES SET ON NEGOTIATED RATE ARRANGEMENTS THAT CO BELIEVES SHOULD NOT BE SUBJECT TO ADJUSTMENT DUE TO CHANGES IN TAX LAW; 09/04/2018 – Canada explores options as Kinder Morgan halts pipeline work

Since July 25, 2018, it had 0 insider buys, and 7 sales for $11.94 million activity. 4,008 shares were sold by CESTERO LUIS E., worth $201,001 on Wednesday, July 25. CARRION RICHARD L had sold 200,000 shares worth $10.03M. On Wednesday, July 25 the insider NEGRON EDUARDO J. sold $752,250. MONZON GILBERTO sold $253,150 worth of Popular, Inc. (NASDAQ:BPOP) on Wednesday, July 25. Another trade for 5,000 shares valued at $251,500 was sold by SEPULVEDA ELI. Shares for $301,920 were sold by ALVAREZ IGNACIO.

Another recent and important Popular, Inc. (NASDAQ:BPOP) news was published by Businesswire.com which published an article titled: “Popular, Inc. Announces Pricing of Public Offering of $300000000 Principal Amount of 6.125% Senior Notes due 2023” on September 12, 2018.

Investors sentiment decreased to 0.68 in 2018 Q2. Its down 0.65, from 1.33 in 2018Q1. It dived, as 19 investors sold BPOP shares while 94 reduced holdings. 31 funds opened positions while 46 raised stakes. 86.52 million shares or 1.81% less from 88.12 million shares in 2018Q1 were reported. Captrust Advisors holds 0% or 723 shares. 90,465 are held by Rhumbline Advisers. Riverhead Ltd Liability Com owns 88,600 shares. Guggenheim Cap Limited Liability Company holds 14,036 shares or 0% of its portfolio. Alliancebernstein Limited Partnership holds 54,209 shares or 0% of its portfolio. Los Angeles Mgmt Equity Rech holds 0.14% in Popular, Inc. (NASDAQ:BPOP) or 566,174 shares. Tudor Inv Et Al accumulated 0.05% or 33,382 shares. Sg Americas reported 56,756 shares. Great Lakes Advisors Limited Liability Company holds 0.29% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 273,686 shares. Earnest Prns Limited Company holds 29 shares. 185,618 were accumulated by Bank Of America Corp De. Rock Point Advisors Ltd Limited Liability Company accumulated 90,980 shares. Hotchkis & Wiley Management Ltd holds 5.61M shares or 0.96% of its portfolio. Principal Gp owns 11,932 shares. State Of Wisconsin Inv Board owns 19,683 shares.

Among 17 analysts covering Popular Inc (NASDAQ:BPOP), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Popular Inc had 54 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, August 24, the company rating was upgraded by Zacks. As per Thursday, February 15, the company rating was maintained by Piper Jaffray. Compass Point downgraded the shares of BPOP in report on Friday, November 18 to “Neutral” rating. Sandler O’Neill maintained the shares of BPOP in report on Tuesday, January 23 with “Buy” rating. The rating was downgraded by BTIG Research on Tuesday, November 22 to “Neutral”. On Thursday, July 6 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Piper Jaffray maintained Popular, Inc. (NASDAQ:BPOP) on Wednesday, November 1 with “Buy” rating. The rating was upgraded by HSBC on Tuesday, January 12 to “Buy”. On Tuesday, July 24 the stock rating was maintained by Barclays Capital with “Overweight”. Piper Jaffray maintained Popular, Inc. (NASDAQ:BPOP) rating on Tuesday, February 27. Piper Jaffray has “Buy” rating and $51.5 target.

Analysts await Popular, Inc. (NASDAQ:BPOP) to report earnings on October, 30. They expect $1.28 earnings per share, up 573.68% or $1.09 from last year’s $0.19 per share. BPOP’s profit will be $130.96M for 9.80 P/E if the $1.28 EPS becomes a reality. After $1.18 actual earnings per share reported by Popular, Inc. for the previous quarter, Wall Street now forecasts 8.47% EPS growth.

Narwhal Capital Management, which manages about $490.63 million and $429.95 million US Long portfolio, decreased its stake in Pattern Energy Group Inc (NASDAQ:PEGI) by 64,750 shares to 47,300 shares, valued at $887,000 in 2018Q2, according to the filing. It also reduced its holding in Vanguard Scottsdale Fds (VCIT) by 7,153 shares in the quarter, leaving it with 19,971 shares, and cut its stake in Verizon Communications Inc (NYSE:VZ).

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Seekingalpha.com which released: “Kinder Morgan’s Dividend Isn’t Fairly Valued” on August 20, 2018, also Seekingalpha.com with their article: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18)” published on September 14, 2018, Fool.com published: “Kinder Morgan Inc. Is Still on the M&A Sidelines” on September 10, 2018. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Fool.com and their article: “Kinder Morgan Inc’s Stock Could Have 40% to 50% Upside From Here” published on August 29, 2018 as well as Fool.com‘s news article titled: “Kinder Morgan Inc. Dodged a Bullet in Canada” with publication date: September 04, 2018.

Investors sentiment is 0.99 in Q2 2018. Its the same as in 2018Q1. It is flat, as 56 investors sold KMI shares while 299 reduced holdings. only 78 funds opened positions while 272 raised stakes. 1.27 billion shares or 3.21% less from 1.31 billion shares in 2018Q1 were reported. Credit Agricole S A has invested 0% in Kinder Morgan, Inc. (NYSE:KMI). 2.19M are held by Raymond James And. Advent Ma reported 2.43 million shares. First Personal Svcs stated it has 0.02% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Mark Sheptoff Planning Limited Liability Corporation reported 0.01% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Adage Cap Partners Gru Ltd Liability reported 0.07% in Kinder Morgan, Inc. (NYSE:KMI). Headinvest Limited invested in 0.59% or 108,668 shares. Prudential Inc stated it has 0.06% in Kinder Morgan, Inc. (NYSE:KMI). Utd Capital Financial Advisers Llc reported 1.24 million shares. Mngmt Incorporated holds 0% in Kinder Morgan, Inc. (NYSE:KMI) or 149 shares. Livingston Group Inc Asset Mngmt (Operating As Southport Management) holds 0.77% or 96,938 shares. Smith Asset Mgmt Gru Ltd Partnership invested in 0% or 4,030 shares. Tremblant Cap has invested 1.27% in Kinder Morgan, Inc. (NYSE:KMI). Cibc Ww Markets Corp reported 267,995 shares. Ingalls And Snyder Ltd holds 0.08% in Kinder Morgan, Inc. (NYSE:KMI) or 103,441 shares.

Popular, Inc. (NASDAQ:BPOP) Institutional Positions Chart

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