As Wells Fargo Co New (WFC) Stock Price Declined, Holder Gamble Jones Investment Counsel Cut Stake; Summit Midstream Partners LP Com (SMLP) Holder Atlantic Trust Group Has Trimmed Stake as Market Value Rose

February 19, 2018 - By Ellis Scott

Atlantic Trust Group Llc decreased its stake in Summit Midstream Partners Lp Com (SMLP) by 7.01% based on its latest 2017Q3 regulatory filing with the SEC. Atlantic Trust Group Llc sold 79,765 shares as the company’s stock rose 3.02% with the market. The institutional investor held 1.06M shares of the public utilities company at the end of 2017Q3, valued at $21.16 million, down from 1.14M at the end of the previous reported quarter. Atlantic Trust Group Llc who had been investing in Summit Midstream Partners Lp Com for a number of months, seems to be less bullish one the $1.50B market cap company. The stock decreased 0.74% or $0.15 during the last trading session, reaching $20.05. About 516,798 shares traded or 221.57% up from the average. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since February 19, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

Gamble Jones Investment Counsel decreased its stake in Wells Fargo Co New (WFC) by 11.57% based on its latest 2017Q3 regulatory filing with the SEC. Gamble Jones Investment Counsel sold 7,621 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 58,233 shares of the major banks company at the end of 2017Q3, valued at $3.21M, down from 65,854 at the end of the previous reported quarter. Gamble Jones Investment Counsel who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.50, from 1.33 in 2017Q2. It dropped, as 14 investors sold SMLP shares while 16 reduced holdings. 4 funds opened positions while 21 raised stakes. 35.75 million shares or 0.01% more from 35.74 million shares in 2017Q2 were reported. Green Square Cap Ltd Limited Liability Company holds 0.06% or 16,274 shares. Raymond James Associates holds 0% in Summit Midstream Partners, LP (NYSE:SMLP) or 46,950 shares. State Of New Jersey Common Pension Fund D has invested 0.01% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Solaris Asset Mgmt Limited Liability Corp holds 0.04% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 3,225 shares. Royal Bank & Trust Of Canada, Ontario – Canada-based fund reported 38,324 shares. Neuberger Berman Grp Ltd Liability Co invested in 0% or 105,399 shares. Harvest Fund Advisors Ltd Company holds 0.7% or 3.37 million shares in its portfolio. Stifel holds 17,590 shares or 0% of its portfolio. Alliancebernstein Lp stated it has 0% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Tph Asset Mgmt Ltd reported 1.33% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Center Coast Advisors Lp stated it has 0.72% in Summit Midstream Partners, LP (NYSE:SMLP). Salient Cap Lc owns 0.07% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 149,159 shares. Citigroup invested 0% in Summit Midstream Partners, LP (NYSE:SMLP). Evergreen Limited Company owns 361,700 shares or 0.85% of their US portfolio. Hmi Cap Limited Liability Corp holds 14.2% or 5.15 million shares in its portfolio.

Atlantic Trust Group Llc, which manages about $22.37B US Long portfolio, upped its stake in O Reilly Automotive Inc New Com (NASDAQ:ORLY) by 16,217 shares to 70,065 shares, valued at $15.09M in 2017Q3, according to the filing. It also increased its holding in Omega Healthcare Invs Inc Com (NYSE:OHI) by 39,406 shares in the quarter, for a total of 61,782 shares, and has risen its stake in Nustar Energy Lp Unit Com (NYSE:NS).

Among 9 analysts covering Summit Midstream Partners (NYSE:SMLP), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Summit Midstream Partners had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, January 29 with “Hold”. As per Friday, August 12, the company rating was upgraded by Robert W. Baird. The firm has “Market Perform” rating given on Friday, January 15 by Wells Fargo. The firm earned “Outperform” rating on Friday, August 11 by Robert W. Baird. On Monday, June 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Sunday, October 15 by RBC Capital Markets. The firm has “Market Perform” rating given on Monday, January 18 by Wells Fargo. The rating was downgraded by Credit Suisse on Friday, January 27 to “Neutral”. The rating was maintained by RBC Capital Markets on Tuesday, September 6 with “Outperform”. The firm earned “Buy” rating on Friday, November 3 by Robert W. Baird.

Analysts await Summit Midstream Partners, LP (NYSE:SMLP) to report earnings on February, 22. They expect $0.16 EPS, 0.00% or $0.00 from last year’s $0.16 per share. SMLP’s profit will be $11.93 million for 31.33 P/E if the $0.16 EPS becomes a reality. After $1.22 actual EPS reported by Summit Midstream Partners, LP for the previous quarter, Wall Street now forecasts -86.89% negative EPS growth.

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 firm has “Outperform” rating by Evercore given on Wednesday, April 12. On Thursday, January 4 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Monday, February 5 by Robert W. Baird. The rating was upgraded by Guggenheim on Wednesday, July 29 to “Buy”. The firm has “Sell” rating given on Wednesday, May 31 by BMO Capital Markets. As per Friday, July 28, the company rating was maintained by Piper Jaffray. The firm has “Hold” rating given on Friday, October 13 by Piper Jaffray. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 2. The firm has “Buy” rating by RBC Capital Markets given on Thursday, June 22. Jefferies maintained the shares of WFC in report on Tuesday, June 6 with “Hold” rating.

Gamble Jones Investment Counsel, which manages about $1.24B and $977.04 million US Long portfolio, upped its stake in Vanguard Whitehall Fds Inc (VYM) by 5,221 shares to 8,203 shares, valued at $665,000 in 2017Q3, according to the filing. It also increased its holding in Vanguard Bd Index Fd Inc (BND) by 11,979 shares in the quarter, for a total of 91,407 shares, and has risen its stake in Vanguard Scottsdale Fds (VCSH).

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It dropped, 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. America First Invest Ltd Limited Liability Company reported 0.05% of its portfolio in Wells Fargo & Company (NYSE:WFC). Williams Jones And Associate Ltd Liability Corporation reported 86,658 shares. 2.45 million were reported by Schafer Cullen Capital Mngmt. St Germain D J reported 138,015 shares. Lynch In stated it has 2.65% of its portfolio in Wells Fargo & Company (NYSE:WFC). New England Research & owns 30,110 shares or 1.22% of their US portfolio. Btim has 0.02% invested in Wells Fargo & Company (NYSE:WFC) for 27,587 shares. Texas Permanent School Fund has 0.88% invested in Wells Fargo & Company (NYSE:WFC) for 1.24M shares. Citadel Advsr Limited Liability Corp stated it has 0.02% in Wells Fargo & Company (NYSE:WFC). Baker Ellis Asset Management Lc holds 0.36% or 24,489 shares. Summit Asset Lc, Tennessee-based fund reported 11,743 shares. Van Hulzen Asset Management holds 0.92% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 49,313 shares. Massachusetts Financial Services Co Ma accumulated 1.12% or 46.93 million shares. Moreover, Gibraltar Mgmt Inc has 1.96% invested in Wells Fargo & Company (NYSE:WFC) for 40,364 shares. Canal Insur Comm reported 38,500 shares.

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