Obermeyer Wood Investment Counsel Lllp Decreased Wells Fargo Co New (WFC) Stake; Pinnacle West Capital (PNW) Covered By 0 Bulls

February 15, 2018 - By Ellis Scott

Obermeyer Wood Investment Counsel Lllp decreased Wells Fargo Co New (WFC) stake by 12.12% reported in 2017Q3 SEC filing. Obermeyer Wood Investment Counsel Lllp sold 31,592 shares as Wells Fargo Co New (WFC)’s stock declined 8.66%. The Obermeyer Wood Investment Counsel Lllp holds 229,015 shares with $12.63M value, down from 260,607 last quarter. Wells Fargo Co New now has $291.35 billion valuation. The stock increased 0.02% or $0.01 during the last trading session, reaching $59.56. About 11.01M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 15, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 12 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 1 Sell and 11 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, October 16 by SunTrust. The stock has “Underperform” rating by Bank of America on Wednesday, January 3. The firm has “Neutral” rating given on Monday, February 27 by Mizuho. The company was maintained on Monday, June 20 by RBC Capital Markets. The rating was maintained by SunTrust on Monday, October 30 with “Hold”. The firm has “Hold” rating given on Monday, January 22 by SunTrust. The firm earned “Neutral” rating on Thursday, October 6 by UBS. SunTrust maintained it with “Hold” rating and $95.0 target in Monday, December 11 report. As per Tuesday, January 17, the company rating was upgraded by Goldman Sachs. The firm earned “Sell” rating on Monday, August 17 by Zacks. See Pinnacle West Capital Corporation (NYSE:PNW) latest ratings:

13/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight Old Target: $91 Upgrade
12/02/2018 Broker: SunTrust Rating: Hold New Target: $81.0 Maintain
05/02/2018 Broker: SunTrust Rating: Hold New Target: $82.0 Maintain
02/02/2018 Broker: UBS Rating: Neutral New Target: $81 Initiates Coverage On
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $88.0 Maintain
28/01/2018 Broker: SunTrust Rating: Hold New Target: $85.0 Maintain
22/01/2018 Broker: SunTrust Rating: Hold New Target: $84.0 Maintain
16/01/2018 Broker: SunTrust Rating: Hold New Target: $82.0 Maintain
08/01/2018 Broker: SunTrust Rating: Hold New Target: $86.0 Maintain
03/01/2018 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.44, from 0.86 in 2017Q2. It is positive, as 18 investors sold Pinnacle West Capital Corporation shares while 129 reduced holdings. 52 funds opened positions while 139 raised stakes. 89.24 million shares or 1.50% less from 90.60 million shares in 2017Q2 were reported. Adage Cap Ptnrs Grp Ltd reported 653,794 shares stake. State Board Of Administration Of Florida Retirement System holds 0.04% or 182,466 shares. The California-based Franklin has invested 0.08% in Pinnacle West Capital Corporation (NYSE:PNW). Stifel Finance Corp invested in 10,990 shares or 0% of the stock. Qs Invsts Limited Co has invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Kentucky Retirement has 0.04% invested in Pinnacle West Capital Corporation (NYSE:PNW). Illinois-based Balyasny Asset Limited Liability Com has invested 0.16% in Pinnacle West Capital Corporation (NYSE:PNW). Alethea Cap Management Limited holds 2.85% or 28,727 shares in its portfolio. Hartford Inv Management invested in 24,588 shares or 0.04% of the stock. Naples Glob Ltd Limited Liability Company holds 0.19% or 6,875 shares. Williams Jones Assocs Ltd Liability Corporation holds 0.01% or 6,800 shares. D E Shaw And Inc stated it has 93,494 shares. Lord Abbett Limited Company accumulated 493,300 shares or 0.12% of the stock. Us Commercial Bank De accumulated 60,355 shares. Gulf Intl Savings Bank (Uk) owns 35,875 shares.

The stock increased 1.14% or $0.865 during the last trading session, reaching $76.955. About 105,867 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since February 15, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Since August 23, 2017, it had 0 buys, and 5 selling transactions for $6.03 million activity. MUNRO KATHRYN L also sold $163,046 worth of Pinnacle West Capital Corporation (NYSE:PNW) on Friday, August 25. Falck David P also sold $413,908 worth of Pinnacle West Capital Corporation (NYSE:PNW) on Thursday, August 24. BRANDT DONALD E also sold $1.92M worth of Pinnacle West Capital Corporation (NYSE:PNW) on Friday, January 19.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company has market cap of $8.60 billion. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. It has a 16.58 P/E ratio. The firm serves approximately 1.2 million customers.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Argus Research with “Buy” on Tuesday, January 19. Guggenheim upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, April 26 to “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Monday, November 13. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Wednesday, April 5 report. On Tuesday, September 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. On Monday, February 5 the stock rating was maintained by Bank of America with “Buy”. The firm has “Buy” rating given on Friday, October 6 by RBC Capital Markets. The company was maintained on Wednesday, August 30 by RBC Capital Markets. UBS maintained the stock with “Neutral” rating in Monday, October 16 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Underperform” rating given on Friday, September 25 by Macquarie Research.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It fall, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Stewart West Indies Trading Ltd has invested 5.94% in Wells Fargo & Company (NYSE:WFC). Investec Asset Limited invested 0.03% of its portfolio in Wells Fargo & Company (NYSE:WFC). D E Shaw Co has invested 0.47% in Wells Fargo & Company (NYSE:WFC). Atwood & Palmer has 26,778 shares for 0.21% of their portfolio. Hbk Invests Lp stated it has 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC). Ami Management Inc has 148,486 shares. Tiaa Cref Inv Mgmt Ltd Com holds 0.69% or 18.33M shares. Baystate Wealth Mgmt Limited Liability Co invested in 1,637 shares or 0.01% of the stock. Mackenzie Fin Corp invested 1.35% in Wells Fargo & Company (NYSE:WFC). 6,646 were accumulated by Annex Advisory Services Lc. Ruggie Cap holds 0.04% or 1,200 shares. Roundview Cap Lc holds 0.83% or 51,588 shares. Bragg Financial Advisors Inc holds 0.93% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 110,327 shares. Inv Prns Ltd Oh Adv accumulated 4,188 shares or 0.2% of the stock. Prudential Public Ltd Liability Co invested 2.58% in Wells Fargo & Company (NYSE:WFC).

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity. On Friday, November 17 the insider Codel Franklin R sold $292,234.

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By1 Ellis Scott

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