Element Capital Management Has Raised Its Position in Pinnacle West Cap (PNW) by $2.05 Million; Facebook (FB) Shareholder Pnc Financial Services Group Trimmed Its Holding

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Pnc Financial Services Group Inc decreased its stake in Facebook Inc (FB) by 6.54% based on its latest 2018Q4 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 111,349 shares as the company’s stock rose 22.38% with the market. The institutional investor held 1.59 million shares of the technology company at the end of 2018Q4, valued at $208.56 million, down from 1.70 million at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $485.66 billion market cap company. The stock decreased 1.85% or $3.2 during the last trading session, reaching $170.17. About 17.57M shares traded. Facebook, Inc. (NASDAQ:FB) has declined 4.87% since March 14, 2018 and is downtrending. It has underperformed by 9.24% the S&P500. Some Historical FB News: 22/03/2018 – JUST IN: House Energy & Commerce Committee leaders call on Facebook CEO Mark Zuckerberg to testify before the panel; 25/04/2018 – Facebook’s Privacy Scandal Appears to Have Little Effect on Its Bottom Line; 19/04/2018 – Sanjana Hattotuwa: Sri Lanka — Facebook must meet its own standards; 19/03/2018 – CAMBRIDGE ANALYTICA SAYS “STRONGLY DENIES” CLAIMS RECENTLY MADE IN THE MEDIA; 19/03/2018 – WENY Ithaca: Exclusive: Scientist at center of Facebook-Cambridge Analytica controversy speaks; 11/04/2018 – Breitbart News: Exclusive – Sarah Palin: Breitbart News Is `Writing and Publishing the Truth’ About Facebook Censorship; 19/03/2018 – MORE THAN 60 U.S. SENATORS VOTE TO ADVANCE BILL TO MAKE IT EASIER TO PENALIZE OPERATORS OF WEBSITES THAT FACILITATE ONLINE SEX TRAFFICKING; FINAL PASSAGE EXPECTED LATER THIS WEEK; 27/03/2018 – Facebook Vowed to End Discriminatory Housing Ads. Suit Says It Didn’t; 25/04/2018 – Facebook 1Q Monthly Active Users Quarter End 2.2B; 30/05/2018 – Vertafore Announces Powerful Workflow Visualization Tool to Help Agencies Gain Up to 20 Percent More Capacity

Element Capital Management Llc increased its stake in Pinnacle West Cap Corp (PNW) by 76.36% based on its latest 2018Q4 regulatory filing with the SEC. Element Capital Management Llc bought 24,147 shares as the company’s stock rose 4.37% with the market. The hedge fund held 55,770 shares of the central company at the end of 2018Q4, valued at $4.75M, up from 31,623 at the end of the previous reported quarter. Element Capital Management Llc who had been investing in Pinnacle West Cap Corp for a number of months, seems to be bullish on the $10.67B market cap company. The stock decreased 0.24% or $0.23 during the last trading session, reaching $95.15. About 917,000 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 19.97% since March 14, 2018 and is uptrending. It has outperformed by 15.60% the S&P500. Some Historical PNW News: 24/05/2018 – PINNACLE WEST CUTS PALO VERDE 2 REACTOR TO 0% FROM 100%: NRC; 02/05/2018 – PNW 1Q OPER REV. $692.7M, EST. $681.0M (2 EST.); 23/04/2018 – DJ Pinnacle West Capital Corporation, Inst Holders, 1Q 2018 (PNW); 02/05/2018 – PINNACLE WEST CAPITAL 1Q EPS 3C, EST. 7C; 07/05/2018 – PINNACLE WEST RAISES PALO VERDE 3 REACTOR TO 69% FROM 0%: NRC; 07/05/2018 – APS Issues RFP for Forest Bioenergy Re; 02/05/2018 – PNW SEES FY ONGOING EPS $4.35 TO $4.55, EST. $4.46; 07/05/2018 – PINNACLE WEST SAYS PALO VERDE 3 RESTARTS AFTER REFUELING OUTAGE; 26/04/2018 – APS Issues RFP for Peaking Capacity; 24/04/2018 – APS to Issue Resource RFPs

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on April, 24. They expect $1.63 earnings per share, down 3.55% or $0.06 from last year’s $1.69 per share. FB’s profit will be $4.65B for 26.10 P/E if the $1.63 EPS becomes a reality. After $2.38 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts -31.51% negative EPS growth.

Pnc Financial Services Group Inc, which manages about $89.80B US Long portfolio, upped its stake in Select Sector Spdr Tr (XLV) by 25,216 shares to 268,536 shares, valued at $23.23 million in 2018Q4, according to the filing. It also increased its holding in Spdr Series Trust (SCPB) by 237,348 shares in the quarter, for a total of 715,879 shares, and has risen its stake in Ishares Tr (EFAV).

Investors sentiment decreased to 0.71 in 2018 Q4. Its down 0.42, from 1.13 in 2018Q3. It dropped, as 143 investors sold FB shares while 740 reduced holdings. 166 funds opened positions while 465 raised stakes. 1.73 billion shares or 7.30% more from 1.61 billion shares in 2018Q3 were reported. 1.40M are held by Public Employees Retirement Association Of Colorado. Provise Group Inc Limited Liability Com stated it has 0.42% of its portfolio in Facebook, Inc. (NASDAQ:FB). Addison Commerce stated it has 4,760 shares. Contrarius Inv Management Limited stated it has 1.07M shares. Arrow Fincl Corp has invested 1.31% in Facebook, Inc. (NASDAQ:FB). Gabelli Funds Ltd Limited Liability Company stated it has 0.17% in Facebook, Inc. (NASDAQ:FB). Tiverton Asset Limited Liability Corporation holds 2.04% or 258,762 shares. Brinker Capital invested in 75,017 shares. 97,829 were reported by Richard Bernstein Advsr Ltd Liability Co. New Mexico Educational Retirement Board has invested 1.28% of its portfolio in Facebook, Inc. (NASDAQ:FB). Soroban Capital Prns LP accumulated 4.27% or 1.55M shares. Associated Banc holds 0.79% or 92,410 shares in its portfolio. Ibm Retirement Fund stated it has 1.17% in Facebook, Inc. (NASDAQ:FB). The Ohio-based Employees Retirement Of Ohio has invested 1.22% in Facebook, Inc. (NASDAQ:FB). Howe Rusling Inc has 47,715 shares.

Since September 19, 2018, it had 0 insider buys, and 36 sales for $93.33 million activity. On Wednesday, October 31 the insider Stretch Colin sold $116,250. On Monday, September 24 the insider Cox Christopher K sold $871,068. 4,761 Facebook, Inc. (NASDAQ:FB) shares with value of $671,777 were sold by Wehner David M.. $5.45 million worth of Facebook, Inc. (NASDAQ:FB) was sold by Schroepfer Michael Todd on Tuesday, November 13. FISCHER DAVID B. had sold 1,560 shares worth $236,371 on Thursday, November 1. $308,017 worth of Facebook, Inc. (NASDAQ:FB) was sold by Taylor Susan J.S. on Tuesday, November 27.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Investorplace.com which released: “3 Reasons Why Snap Stock Is a Strong Sell Right Now – Investorplace.com” on March 14, 2019, also Livetradingnews.com with their article: “Facebook, Inc. (NASDAQ:FB) Instagram Stories is expected to be the key catalyst for impression growth in 2019 – Live Trading News” published on February 18, 2019, Nasdaq.com published: “Zero Hedge Has Zero Chance of Submitting Facebook Stock – Nasdaq” on March 14, 2019. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Could Facebook Stock’s Long-Term Case Be In Jeopardy? – Nasdaq” published on March 07, 2019 as well as Livetradingnews.com‘s news article titled: “Facebook, Inc. (NASDAQ:FB) data breach could result in a multibillion-dollar fine by the Federal Trade Commission – Live Trading News” with publication date: February 15, 2019.

More notable recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: Seekingalpha.com which released: “Pinnacle West Capital Corporation (PNW) CEO Don Brandt on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 10, 2018, also Seekingalpha.com with their article: “Pinnacle West Capital declares $0.7375 dividend – Seeking Alpha” published on December 19, 2018, Streetinsider.com published: “Pinnacle West (PNW) Announces Executive Management Changes – StreetInsider.com” on December 20, 2018. More interesting news about Pinnacle West Capital Corporation (NYSE:PNW) were released by: Benzinga.com and their article: “Earnings Scheduled For November 8, 2018 – Benzinga” published on November 08, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Big Intros For Model Y And Captain Marvel? – Seeking Alpha” with publication date: March 09, 2019.

Since November 14, 2018, it had 0 insider purchases, and 4 selling transactions for $2.37 million activity. The insider Danner Denise R sold $294,750. BRANDT DONALD E also sold $1.41M worth of Pinnacle West Capital Corporation (NYSE:PNW) shares. 4,700 shares were sold by BEMENT ROBERT S, worth $428,734.

Investors sentiment increased to 1.35 in Q4 2018. 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. Deprince Race & Zollo Inc has 0.63% invested in Pinnacle West Capital Corporation (NYSE:PNW). Tci Wealth Advsr Inc accumulated 5,784 shares. Lpl Ltd Limited Liability Company accumulated 6,790 shares. Livforsakringsbolaget Skandia Omsesidigt owns 1,014 shares or 0.01% of their US portfolio. Captrust Fincl Advsr reported 250 shares stake. Trustmark Savings Bank Department, Mississippi-based fund reported 1,660 shares. Wells Fargo And Mn holds 0.02% or 647,187 shares in its portfolio. Kentucky Retirement Systems has 4,875 shares for 0.05% of their portfolio. Next Financial Gru holds 0% or 100 shares in its portfolio. California-based Fuller And Thaler Asset Inc has invested 0% in Pinnacle West Capital Corporation (NYSE:PNW). Brookfield Asset Inc reported 0.14% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). 1.56M were accumulated by Franklin Res Incorporated. Bokf Na reported 0.12% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Advisor Ptnrs Ltd Com holds 5,446 shares or 0.07% of its portfolio. Ftb Advsr Inc has invested 0% in Pinnacle West Capital Corporation (NYSE:PNW).

Element Capital Management Llc, which manages about $30.52 billion and $3.52 billion US Long portfolio, decreased its stake in Roper Technologies Inc (NYSE:ROP) by 29,225 shares to 13,846 shares, valued at $3.69 million in 2018Q4, according to the filing. It also reduced its holding in Union Pac Corp (NYSE:UNP) by 71,807 shares in the quarter, leaving it with 11,929 shares, and cut its stake in Ameriprise Finl Inc (NYSE:AMP).

Pinnacle West Capital Corporation (NYSE:PNW) Institutional Positions Chart