Rothschild Investment LLC Sells 272 Shares of Pinnacle West Capital Co. (NYSE:PNW)

Rothschild Investment LLC reduced its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,855 shares of the utilities provider’s stock after selling 272 shares during the quarter. Rothschild Investment LLC’s holdings in Pinnacle West Capital were worth $2,107,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fortem Financial Group LLC increased its position in Pinnacle West Capital by 2.2% during the fourth quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 124 shares during the last quarter. Global Retirement Partners LLC grew its position in Pinnacle West Capital by 10.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,598 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 156 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Pinnacle West Capital by 2.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,695 shares of the utilities provider’s stock worth $593,000 after buying an additional 163 shares during the period. LRI Investments LLC boosted its position in Pinnacle West Capital by 7.0% in the 3rd quarter. LRI Investments LLC now owns 2,498 shares of the utilities provider’s stock valued at $227,000 after buying an additional 163 shares during the period. Finally, Caprock Group LLC grew its stake in Pinnacle West Capital by 3.1% in the fourth quarter. Caprock Group LLC now owns 5,511 shares of the utilities provider’s stock worth $467,000 after purchasing an additional 164 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Trading Up 0.7 %

Shares of Pinnacle West Capital stock opened at $92.20 on Tuesday. The firm has a 50-day simple moving average of $86.39 and a two-hundred day simple moving average of $88.07. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 0.71. Pinnacle West Capital Co. has a fifty-two week low of $66.77 and a fifty-two week high of $95.42. The company has a market cap of $10.48 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.895 dividend. The ex-dividend date is Monday, February 3rd. This represents a $3.58 dividend on an annualized basis and a yield of 3.88%. Pinnacle West Capital’s payout ratio is 67.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company upped their target price on Pinnacle West Capital from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Citigroup lifted their price objective on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price on Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Barclays cut shares of Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $93.00 to $91.00 in a report on Monday, November 18th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.21.

Pinnacle West Capital Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.