Teachers Retirement System Of The State Of Kentucky Has Upped Its Wells Fargo & Co (WFC) Position by $5.21 Million; As American Midstream Partners (AMID) Stock Price Declined, Holder Hite Hedge Asset Management Has Lifted Its Stake

January 24, 2018 - By Michael Collier

Hite Hedge Asset Management Llc increased its stake in American Midstream Partners (AMID) by 57.06% based on its latest 2017Q3 regulatory filing with the SEC. Hite Hedge Asset Management Llc bought 269,107 shares as the company’s stock declined 17.59% while stock markets rallied. The hedge fund held 740,756 shares of the public utilities company at the end of 2017Q3, valued at $10.11 million, up from 471,649 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in American Midstream Partners for a number of months, seems to be bullish on the $794.67 million market cap company. The stock increased 1.72% or $0.25 during the last trading session, reaching $14.8. About 114,213 shares traded or 0.50% up from the average. American Midstream Partners, LP (NYSE:AMID) has risen 15.28% since January 24, 2017 and is uptrending. It has underperformed by 1.42% the S&P500.

Teachers Retirement System Of The State Of Kentucky increased its stake in Wells Fargo & Co (WFC) by 10.84% based on its latest 2017Q3 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 94,700 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 968,435 shares of the major banks company at the end of 2017Q3, valued at $53.41M, up from 873,735 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $315.46 billion market cap company. The stock decreased 0.37% or $0.24 during the last trading session, reaching $64.49. About 12.94 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 24, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It turned negative, 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. Fukoku Mutual Life Insurance Com invested in 0.16% or 19,200 shares. Dnb Asset Mgmt As, Norway-based fund reported 487,218 shares. 473,777 are owned by Cibc World Mkts. Brookmont Cap Mngmt stated it has 86,040 shares. Gam Ag accumulated 86,014 shares or 0.2% of the stock. Gilman Hill Asset Management Lc reported 0.23% stake. Roundview Capital Ltd Co holds 0.83% or 51,588 shares. Camarda Fincl Advisors holds 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1,005 shares. Anderson Hoagland And Company reported 4,013 shares or 0.14% of all its holdings. Cambridge Trust has invested 0.13% in Wells Fargo & Company (NYSE:WFC). Washington Tru holds 338,483 shares. Legal And General Group Public Ltd Company holds 0.96% in Wells Fargo & Company (NYSE:WFC) or 23.22 million shares. Grimes Incorporated reported 0.04% of its portfolio in Wells Fargo & Company (NYSE:WFC). First State Bank Of Omaha invested 0.95% in Wells Fargo & Company (NYSE:WFC). Willingdon Wealth Management holds 0.12% or 6,057 shares.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 118 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs upgraded Wells Fargo & Company (NYSE:WFC) on Monday, January 11 to “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Susquehanna on Thursday, December 1. The firm earned “Neutral” rating on Wednesday, April 26 by Guggenheim. The firm has “Hold” rating given on Sunday, July 30 by BMO Capital Markets. The rating was maintained by UBS on Thursday, September 15 with “Sell”. Nomura maintained it with “Buy” rating and $65 target in Thursday, September 28 report. On Tuesday, November 15 the stock rating was downgraded by Guggenheim to “Neutral”. As per Friday, April 28, the company rating was maintained by Vining Sparks. Piper Jaffray maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, July 28. Piper Jaffray has “Hold” rating and $5200 target. BMO Capital Markets downgraded Wells Fargo & Company (NYSE:WFC) rating on Friday, November 18. BMO Capital Markets has “Underperform” rating and $47 target.

Teachers Retirement System Of The State Of Kentucky, which manages about $8.32B US Long portfolio, decreased its stake in Carnival Corp (NYSE:CCL) by 49,300 shares to 417,800 shares, valued at $26.98 million in 2017Q3, according to the filing. It also reduced its holding in Wayfair Inc (NYSE:W) by 8,329 shares in the quarter, leaving it with 3,454 shares, and cut its stake in Delphi Automotive Plc (NYSE:DLPH).

Among 9 analysts covering American Midstream Partners LP (NYSE:AMID), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. American Midstream Partners LP had 23 analyst reports since August 12, 2015 according to SRatingsIntel. RBC Capital Markets maintained American Midstream Partners, LP (NYSE:AMID) rating on Monday, June 19. RBC Capital Markets has “Buy” rating and $1800 target. The firm has “Neutral” rating given on Tuesday, October 10 by Citigroup. Citigroup upgraded American Midstream Partners, LP (NYSE:AMID) on Friday, December 2 to “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 25. Barclays Capital downgraded the shares of AMID in report on Monday, January 11 to “Equal Weight” rating. As per Tuesday, March 15, the company rating was downgraded by Ladenburg Thalmann. The stock of American Midstream Partners, LP (NYSE:AMID) has “Hold” rating given on Wednesday, January 20 by Wunderlich. As per Wednesday, August 12, the company rating was upgraded by UBS. The rating was maintained by Wunderlich with “Hold” on Wednesday, March 9. As per Thursday, November 2, the company rating was upgraded by Raymond James.

Hite Hedge Asset Management Llc, which manages about $778.61M and $387.03M US Long portfolio, decreased its stake in Suburban Propane Partners L (NYSE:SPH) by 189,763 shares to 135,349 shares, valued at $3.53 million in 2017Q3, according to the filing. It also reduced its holding in Alon Usa Partners Lp (NYSE:ALDW) by 250,194 shares in the quarter, leaving it with 138,681 shares, and cut its stake in Rice Energy Inc (NYSE:RICE).

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.42, from 0.52 in 2017Q2. It is positive, as 4 investors sold AMID shares while 13 reduced holdings. 6 funds opened positions while 10 raised stakes. 29.93 million shares or 2.69% more from 29.15 million shares in 2017Q2 were reported. Sunbelt Securities has invested 0.15% of its portfolio in American Midstream Partners, LP (NYSE:AMID). Spirit Of America Mngmt Corporation Ny holds 0.36% in American Midstream Partners, LP (NYSE:AMID) or 250,929 shares. California-based Wells Fargo & Mn has invested 0% in American Midstream Partners, LP (NYSE:AMID). Eagle Global Ltd Co holds 0% or 10,000 shares. Jpmorgan Chase & Comm invested in 55 shares or 0% of the stock. Regent Limited Liability Corp reported 11,756 shares. Starr holds 0.12% or 100,000 shares in its portfolio. Morgan Stanley has invested 0% in American Midstream Partners, LP (NYSE:AMID). 2.42 million are owned by Cushing Asset Mngmt L P. Gru One Trading LP holds 0% or 9,224 shares. Susquehanna Gru Llp reported 22,423 shares. Rafferty Asset Mngmt Limited Com reported 0.06% in American Midstream Partners, LP (NYSE:AMID). Bancorp Of America Corporation De has invested 0% in American Midstream Partners, LP (NYSE:AMID). Neuberger Berman Gru Ltd, a New York-based fund reported 793,275 shares. Peak6 Ltd Partnership accumulated 0% or 12,461 shares.

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