Diversified Trust Co Has Trimmed Its Buckeye Partners LP (BPL) Stake; Blue Edge Capital Decreased By $52.05 Million Its Wells Fargo & Co. (WFC) Stake

May 26, 2018 - By Hazel Jackson

Wells Fargo & Company (NYSE:WFC) Logo

Diversified Trust Co decreased Buckeye Partners LP (BPL) stake by 24.89% reported in 2017Q4 SEC filing. Diversified Trust Co sold 7,127 shares as Buckeye Partners LP (BPL)’s stock declined 21.81%. The Diversified Trust Co holds 21,506 shares with $1.07 million value, down from 28,633 last quarter. Buckeye Partners LP now has $5.50B valuation. The stock decreased 0.31% or $0.11 during the last trading session, reaching $35.91. About 778,402 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since May 26, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Blue Edge Capital Llc decreased Wells Fargo & Co. (WFC) stake by 3.51% reported in 2017Q4 SEC filing. Blue Edge Capital Llc sold 858 shares as Wells Fargo & Co. (WFC)’s stock declined 16.98%. The Blue Edge Capital Llc holds 23,555 shares with $1.43B value, down from 24,413 last quarter. Wells Fargo & Co. now has $267.52B valuation. The stock increased 0.42% or $0.23 during the last trading session, reaching $54.9. About 17.74 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 26, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Monday, February 5 by Robert W. Baird. The stock of Wells Fargo & Company (NYSE:WFC) has “Mkt Perform” rating given on Wednesday, October 19 by FBR Capital. The firm earned “Buy” rating on Friday, October 6 by RBC Capital Markets. Macquarie Research upgraded Wells Fargo & Company (NYSE:WFC) on Monday, April 30 to “Outperform” rating. The rating was maintained by Morgan Stanley on Monday, April 16 with “Underweight”. The stock has “Outperform” rating by Keefe Bruyette & Woods on Wednesday, April 5. The firm earned “Neutral” rating on Wednesday, April 6 by Guggenheim. The company was maintained on Tuesday, August 8 by Raymond James. Vining Sparks maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, April 28. Vining Sparks has “Strong-Buy” rating and $65 target. The firm earned “Market Perform” rating on Monday, February 5 by Wood.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It is positive, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Wealthfront Inc invested 0.08% in Wells Fargo & Company (NYSE:WFC). Shayne Company Limited Company reported 1.28% stake. Moreover, Brandywine Global Investment Lc has 1.63% invested in Wells Fargo & Company (NYSE:WFC) for 4.50 million shares. Raab & Moskowitz Asset Lc accumulated 15,930 shares or 0.47% of the stock. Annex Advisory Serv holds 0.06% or 5,532 shares. The Delaware-based Riverhead Cap Ltd Liability Corporation has invested 0.18% in Wells Fargo & Company (NYSE:WFC). Pineno Levin Ford Asset Mngmt Inc stated it has 7,426 shares or 0.19% of all its holdings. 60,000 are held by Supplemental Annuity Collective Of Nj. Summit Asset Ltd Liability holds 11,743 shares or 0.34% of its portfolio. Holowesko Prtn invested in 9.16% or 2.39 million shares. Highlander Capital Limited Liability Corporation holds 0.11% or 2,439 shares. Epoch Inv Prtn reported 2.73M shares. Altfest L J And Com Inc holds 0.38% or 16,523 shares. Vestor Cap reported 9,322 shares. Hbk Sorce Advisory Limited Liability Corporation holds 0.16% or 21,652 shares in its portfolio.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.25 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo: Only Buy On Weakness” on May 26, 2018, also Seekingalpha.com with their article: “Wells Fargo: Value And Longevity” published on May 21, 2018, 247Wallst.com published: “Wells Fargo’s Tim Sloan Remains One of America’s Worst CEOs” on May 05, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” published on May 07, 2018 as well as 247Wallst.com‘s news article titled: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” with publication date: May 09, 2018.

Blue Edge Capital Llc increased Vanguard Short Term Corp Bond (VCSH) stake by 2,490 shares to 20,249 valued at $1.61 billion in 2017Q4. It also upped Ishares Msci Canada (EWC) stake by 9,527 shares and now owns 99,733 shares. Ishares Msci Acwi Ex Us (ACWX) was raised too.

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It worsened, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Bessemer Gru holds 0% or 1,008 shares. Ing Groep Nv invested 0.04% in Buckeye Partners, L.P. (NYSE:BPL). 2.63M are owned by National Bank Of America Corp De. Richard C Young & Ltd accumulated 46,107 shares or 0.43% of the stock. King Wealth Mgmt Group Ltd Liability Com accumulated 15,593 shares. Corecommodity Mgmt Limited Liability has 1,114 shares for 0.05% of their portfolio. Sun Life has 4,000 shares for 0.02% of their portfolio. Blackhill Capital Inc owns 0.23% invested in Buckeye Partners, L.P. (NYSE:BPL) for 26,067 shares. New York-based Bancorporation Of Mellon has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Cv Starr And Tru has 180,000 shares. Cohen Capital Mngmt accumulated 112,184 shares. Duncker Streett Com invested in 1,000 shares or 0.01% of the stock. Miller Howard Invests New York stated it has 448,770 shares. Guggenheim Cap Limited Com has 26,815 shares. Company Of Vermont has invested 0% in Buckeye Partners, L.P. (NYSE:BPL).

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Seekingalpha.com which released: “Buckeye buys out partner in terminal project, raises growth capex plan” on May 23, 2018, also Globenewswire.com with their article: “Buckeye Partners, LP Reports First Quarter 2018 Financial Results” published on May 04, 2018, Bizjournals.com published: “5 things to know in Texas energy this week” on May 14, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Bizjournals.com and their article: “Houston midstream co. cancels pipeline open season” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “High-Quality MLP Yielding 12.4%, Opportunistic Buy With 50% Upside Potential” with publication date: April 28, 2018.

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on August, 3. They expect $0.69 EPS, down 13.75% or $0.11 from last year’s $0.8 per share. BPL’s profit will be $105.68 million for 13.01 P/E if the $0.69 EPS becomes a reality. After $0.74 actual EPS reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts -6.76% negative EPS growth.

Diversified Trust Co increased Vanguard Intl Equity Index F (VWO) stake by 76,149 shares to 1.26M valued at $57.66M in 2017Q4. It also upped Ubs Ag Jersey Brh (MLPI) stake by 80,117 shares and now owns 1.92M shares. Lg Display Co Ltd (NYSE:LPL) was raised too.

Among 18 analysts covering Buckeye Partners (NYSE:BPL), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. Buckeye Partners had 61 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, November 6. The firm has “Hold” rating given on Sunday, July 30 by RBC Capital Markets. Barclays Capital maintained it with “Equal-Weight” rating and $43 target in Thursday, April 5 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 26. The firm has “Hold” rating given on Sunday, April 22 by SunTrust. Barclays Capital maintained it with “Equal-Weight” rating and $60 target in Monday, November 6 report. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Thursday, September 7 with “Buy” rating. The firm has “Hold” rating given on Wednesday, November 8 by RBC Capital Markets. The firm earned “Buy” rating on Monday, September 19 by Goldman Sachs. RBC Capital Markets maintained it with “Hold” rating and $6700 target in Monday, August 7 report.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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