Willingdon Wealth Management Has Raised Stake in Pinnacle West Cap (PNW) as Valuation Rose; Quaker Capital Investments Has Lowered Its Verizon Communications (VZ) Position as Stock Value Declined

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Willingdon Wealth Management increased its stake in Pinnacle West Cap Corp (PNW) by 18483% based on its latest 2018Q4 regulatory filing with the SEC. Willingdon Wealth Management bought 18,483 shares as the company’s stock rose 4.37% with the market. The institutional investor held 18,583 shares of the central company at the end of 2018Q4, valued at $1.58M, up from 100 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Pinnacle West Cap Corp for a number of months, seems to be bullish on the $10.70B market cap company. The stock increased 0.05% or $0.05 during the last trading session, reaching $95.31. About 842,509 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 19.97% since April 15, 2018 and is uptrending. It has outperformed by 15.60% the S&P500. Some Historical PNW News: 09/04/2018 – PINNACLE WEST’S PALO VERDE 3 REACTOR IN ARIZ. CUT TO 0%: NRC; 03/05/2018 – S&P REVISES PINNACLE WEST CAPITAL CORP. OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘A-‘; 02/05/2018 – PNW SEES FY ONGOING EPS $4.35 TO $4.55, EST. $4.46; 15/03/2018 – Day & Zimmermann Awarded Maintenance Contract at Largest Power Production Plant in the U.S; 07/05/2018 – APS Issues RFP for Forest Bioenergy Re; 02/05/2018 – Pinnacle West Capital Backs 2018 View of EPS $4.35-EPS $4.55; 20/04/2018 – PINNACLE WEST CAPITAL CORP – ARIZONA PUBLIC SERVICE COMPANY MAY OFFER AND SELL UNSECURED DEBT SECURITIES FROM TIME TO TIME IN ONE OR MORE OFFERINGS; 29/05/2018 – PINNACLE WEST RAISES PALO VERDE 2 TO 100% FROM 0% FRIDAY: NRC; 07/05/2018 – PINNACLE WEST RAISES PALO VERDE 3 REACTOR TO 69% FROM 0%: NRC; 02/05/2018 – PNW 1Q OPER REV. $692.7M, EST. $681.0M (2 EST.)

Quaker Capital Investments Llc decreased its stake in Verizon Communications Inc (VZ) by 76.77% based on its latest 2018Q4 regulatory filing with the SEC. Quaker Capital Investments Llc sold 18,000 shares as the company’s stock declined 6.36% while stock markets rallied. The institutional investor held 5,446 shares of the telecommunications equipment company at the end of 2018Q4, valued at $306,000, down from 23,446 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $242.60B market cap company. The stock increased 0.31% or $0.18 during the last trading session, reaching $58.74. About 10.85 million shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.26% since April 15, 2018 and is uptrending. It has outperformed by 12.89% the S&P500. Some Historical VZ News: 07/03/2018 – VERIZON’S DUNNE: LACK OF PHONES THIS YEAR FOR MOBILE 5G; 16/05/2018 – VERIZON CFO: 5G WILL BE A STEADY REVENUE STREAM BY 2020; 24/04/2018 – Telecoms Up After Verizon Earnings – Telecoms Roundup; 29/05/2018 – Shari Redstone’s endgame for CBS and Viacom is clear in this new complaint Combine the two and sell to the highest bidder. Verizon had flagged interest in Viacom as well as CBS according to sources; 15/05/2018 – VERIZON CEO: 2 OF 4 CITIES TO GET 5G THIS YEAR SACRAMENTO, L.A; 24/04/2018 – Verizon 1Q EPS $1.11; 26/03/2018 – FCC CHAIRMAN PROPOSES NEW RULES TO ADDRESS NATIONAL SECURITY THREATS TO U.S. COMMUNICATIONS NETWORKS AND THEIR SUPPLY CHAINS — STATEMENT; 24/04/2018 – Verizon begins 2018 with strong momentum; 28/03/2018 – Verizon partner program evolves to better serve organizations around the globe; 21/05/2018 – A security researcher said data from LocationSmart could have been used to track AT&T, Verizon, Sprint, and T-Mobile cwustomers within a few hundred yards of their location and without their consent

Investors sentiment increased to 1.35 in 2018 Q4. Its up 0.19, from 1.16 in 2018Q3. It improved, as 18 investors sold PNW shares while 123 reduced holdings. 54 funds opened positions while 137 raised stakes. 93.30 million shares or 4.33% more from 89.43 million shares in 2018Q3 were reported. First Hawaiian Financial Bank owns 1,914 shares. Architects owns 13 shares. Tiverton Asset Ltd Limited Liability Company invested in 0% or 559 shares. Stone Ridge Asset Lc holds 34,469 shares. Credit Suisse Ag holds 0.01% or 160,216 shares. Regions Fin holds 24,242 shares. Moreover, State Street Corporation has 0.05% invested in Pinnacle West Capital Corporation (NYSE:PNW). Massachusetts Financial Service Co Ma owns 1.33 million shares. Tobam holds 23,289 shares or 0.1% of its portfolio. Wells Fargo And Co Mn has 647,187 shares. Boothbay Fund Mgmt Lc holds 0.07% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW) for 5,855 shares. First Trust Advsr LP reported 523,319 shares. 12,481 were accumulated by Ironwood Counsel Limited Liability Corporation. Sg Americas Secs Ltd Liability reported 12,304 shares or 0.01% of all its holdings. Optimum Advisors holds 200 shares.

More notable recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: Bizjournals.com which released: “8 Arizona companies ranked on annual Corporate Equality Index – Phoenix Business Journal” on March 31, 2019, also Investorplace.com with their article: “7 Mid-Cap Stocks to Find the Market’s Sweet Spot – Investorplace.com” published on April 12, 2019, Globenewswire.com published: “Recent Analysis Shows Flowserve, Pinnacle West Capital, Aldeyra Therapeutics, Donnelley Financial Solutions, NIC, and Enphase Energy Market Influences — Renewed Outlook, Key Drivers of Growth – GlobeNewswire” on April 03, 2019. More interesting news about Pinnacle West Capital Corporation (NYSE:PNW) were released by: Businesswire.com and their article: “Pinnacle West Sets Date for 2019 First-Quarter Financial Results, Webcast/Conference Call – Business Wire” published on April 02, 2019 as well as Businesswire.com‘s news article titled: “APS Asking Corporation Commission to Approve More Savings for Customers – Business Wire” with publication date: April 10, 2019.

Willingdon Wealth Management, which manages about $239.04 million and $347.15 million US Long portfolio, decreased its stake in Nucor Corp (NYSE:NUE) by 27,702 shares to 4,778 shares, valued at $248,000 in 2018Q4, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 16,641 shares in the quarter, leaving it with 70,323 shares, and cut its stake in Merck & Co Inc (NYSE:MRK).

Since November 14, 2018, it had 0 insider buys, and 4 insider sales for $2.37 million activity. Danner Denise R sold $294,750 worth of Pinnacle West Capital Corporation (NYSE:PNW) on Tuesday, November 27. $1.41 million worth of Pinnacle West Capital Corporation (NYSE:PNW) shares were sold by BRANDT DONALD E. On Thursday, December 13 the insider BEMENT ROBERT S sold $428,734.

Investors sentiment decreased to 1.18 in Q4 2018. Its down 0.12, from 1.3 in 2018Q3. It dropped, as 59 investors sold VZ shares while 611 reduced holdings. 149 funds opened positions while 641 raised stakes. 2.67 billion shares or 4.15% more from 2.57 billion shares in 2018Q3 were reported. Mackay Shields Limited Liability Corporation holds 1.10 million shares. Riggs Asset Managment Company Inc stated it has 0.23% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Gabelli Funds Limited Liability Company stated it has 2.15 million shares. Mutual Of Omaha Retail Bank Wealth Management owns 31,364 shares for 0.47% of their portfolio. Country Club Na invested 0.27% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Kemnay Advisory Inc stated it has 19,734 shares. Finemark Commercial Bank Trust has 0.88% invested in Verizon Communications Inc. (NYSE:VZ) for 231,296 shares. Cv Starr And Co Tru reported 150,000 shares or 4.39% of all its holdings. Stevens Management Ltd Partnership holds 152,300 shares or 0.44% of its portfolio. First Quadrant LP Ca reported 64,312 shares. Mraz Amerine & Assocs has 0.1% invested in Verizon Communications Inc. (NYSE:VZ) for 5,552 shares. Quinn Opportunity Partners reported 4.56% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Citadel Advsrs Ltd Liability Corporation reported 48,781 shares. Cahill Fin Incorporated reported 0.47% stake. Heritage Wealth holds 13,712 shares or 0.15% of its portfolio.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon authorized to operate on government’s EIS contract – Seeking Alpha” on March 25, 2019, also Globenewswire.com with their article: “Verizon to redeem debt securities on May 6, 2019 – GlobeNewswire” published on April 04, 2019, Benzinga.com published: “Barron’s On: AT&T Vs. Verizon (NYSE:T)(NYSE:VZ) – Benzinga” on March 31, 2019. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Investorplace.com and their article: “5 Top Stock Trades for Friday: BB, PVH, MU, VZ and LULU – Investorplace.com” published on March 28, 2019 as well as Seekingalpha.com‘s news article titled: “Verizon targets children’s market with new plan – Seeking Alpha” with publication date: April 02, 2019.

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