First Allied Advisory Services Increased Its Fs Invt (FSIC) Position; 0 Analysts Are Bullish Pinnacle West Capital (PNW) Last Week

January 14, 2018 - By Dolores Ford

First Allied Advisory Services Inc increased Fs Invt Corp (FSIC) stake by 16.1% reported in 2017Q3 SEC filing. First Allied Advisory Services Inc acquired 79,823 shares as Fs Invt Corp (FSIC)’s stock declined 15.89%. The First Allied Advisory Services Inc holds 575,695 shares with $4.88 million value, up from 495,872 last quarter. Fs Invt Corp now has $1.89 billion valuation. The stock increased 0.65% or $0.05 during the last trading session, reaching $7.7. About 1.05 million shares traded. FS Investment Corporation (NYSE:FSIC) has risen 1.01% since January 14, 2017 and is uptrending. It has underperformed by 15.69% the S&P500.

Among 12 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 2 Sell and 10 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 3 by BMO Capital Markets. The rating was downgraded by Bank of America on Tuesday, January 12 to “Underperform”. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Hold” rating given on Tuesday, January 26 by Evercore. As per Monday, February 22, the company rating was maintained by RBC Capital Markets. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, August 10 report. The firm has “Neutral” rating by Mizuho given on Monday, February 8. On Wednesday, December 13 the stock rating was maintained by Morgan Stanley with “Underweight”. The firm has “Underweight” rating given on Monday, November 13 by Morgan Stanley. On Sunday, August 27 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Sell” rating given on Monday, October 19 by Goldman Sachs. See Pinnacle West Capital Corporation (NYSE:PNW) latest ratings:

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
26/12/2017 Broker: SunTrust Rating: Hold New Target: $88.0 Maintain
13/12/2017 Broker: Morgan Stanley Rating: Underweight Old Target: $90 New Target: $91 Maintain
11/12/2017 Broker: SunTrust Rating: Hold New Target: $95.0 Maintain
04/12/2017 Broker: SunTrust Rating: Hold New Target: $93.0 Maintain
13/11/2017 Broker: Morgan Stanley Rating: Underweight Old Target: $85 New Target: $90 Maintain
05/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $89.0 Maintain
30/10/2017 Broker: SunTrust Rating: Hold New Target: $88.0 Maintain
18/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

Since August 23, 2017, it had 0 buys, and 4 insider sales for $4.11 million activity. The insider Falck David P sold 4,500 shares worth $400,815. Shares for $3.14M were sold by BRANDT DONALD E on Wednesday, August 23. 1,806 shares were sold by MUNRO KATHRYN L, worth $163,046 on Friday, August 25.

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 $8.85 billion. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. It has a 17.07 P/E ratio. The firm serves approximately 1.2 million customers.

The stock decreased 0.88% or $0.7 during the last trading session, reaching $79.22. About 748,717 shares traded or 18.52% up from the average. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since January 14, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Investors sentiment increased to 1.3 in Q3 2017. 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. Assetmark Incorporated owns 0% invested in Pinnacle West Capital Corporation (NYSE:PNW) for 83 shares. Gabelli Funds Limited Com holds 347,000 shares. Voya Invest Mngmt Lc stated it has 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Canada Pension Plan Board owns 249,259 shares. Kbc Gru Nv owns 13,975 shares or 0.01% of their US portfolio. World Invsts holds 0.05% or 2.50M shares in its portfolio. Massachusetts Services Ma, a Massachusetts-based fund reported 1.12 million shares. Alpine Woods Cap Ltd Liability Com holds 0.03% or 7,200 shares. Moreover, Janney Montgomery Scott Limited Liability Corp has 0.03% invested in Pinnacle West Capital Corporation (NYSE:PNW). American Assets Investment Management Limited Liability Company holds 50,000 shares. Loomis Sayles Limited Partnership has 43 shares for 0% of their portfolio. Mufg Americas Holdings Corporation invested 0.08% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Ahl Prns Ltd Liability Partnership owns 5,054 shares or 0.01% of their US portfolio. Retirement System Of Alabama holds 0.02% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW) for 54,157 shares. Toronto Dominion State Bank owns 42,340 shares.

Among 10 analysts covering FS Investment (NYSE:FSIC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. FS Investment had 16 analyst reports since August 12, 2015 according to SRatingsIntel. Barclays Capital downgraded it to “Equal-Weight” rating and $9 target in Wednesday, September 7 report. As per Wednesday, September 30, the company rating was initiated by DA Davidson. On Wednesday, May 31 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating given on Thursday, October 5 by Keefe Bruyette & Woods. The company was maintained on Monday, May 1 by Wood. Keefe Bruyette & Woods maintained FS Investment Corporation (NYSE:FSIC) on Thursday, August 10 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Sunday, July 23 with “Hold”. As per Monday, January 11, the company rating was upgraded by Cantor Fitzgerald. The company was upgraded on Friday, December 15 by National Securities. JP Morgan maintained the stock with “Neutral” rating in Thursday, August 11 report.

First Allied Advisory Services Inc decreased Ishares Tr (IWB) stake by 2,473 shares to 26,155 valued at $3.66 million in 2017Q3. It also reduced Boeing Co (NYSE:BA) stake by 8,294 shares and now owns 70,105 shares. Alibaba Group Hldg Ltd (NYSE:BABA) was reduced too.

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