Pinnacle West Capital Co. (NYSE:PNW) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in Pinnacle West Capital Co. (NYSE:PNW) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,437 shares of the utilities provider’s stock after selling 849 shares during the period. Xponance Inc.’s holdings in Pinnacle West Capital were worth $800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in shares of Pinnacle West Capital in the fourth quarter worth about $29,000. Brown Lisle Cummings Inc. acquired a new stake in Pinnacle West Capital in the 4th quarter valued at about $38,000. Roble Belko & Company Inc acquired a new position in shares of Pinnacle West Capital during the 4th quarter worth approximately $42,000. Transcendent Capital Group LLC purchased a new stake in shares of Pinnacle West Capital in the fourth quarter valued at approximately $46,000. Finally, Allworth Financial LP grew its position in shares of Pinnacle West Capital by 125.9% in the fourth quarter. Allworth Financial LP now owns 655 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PNW shares. Jefferies Financial Group dropped their target price on Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Citigroup boosted their target price on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. LADENBURG THALM/SH SH raised Pinnacle West Capital to a “strong-buy” rating in a research report on Monday, March 17th. Wells Fargo & Company upped their price target on Pinnacle West Capital from $92.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, UBS Group upped their price objective on Pinnacle West Capital from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.17.

Pinnacle West Capital Stock Down 0.8 %

Pinnacle West Capital stock opened at $93.01 on Tuesday. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 3.59 and a beta of 0.53. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $89.67 and a two-hundred day moving average of $88.85. Pinnacle West Capital Co. has a twelve month low of $70.73 and a twelve month high of $95.42.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. As a group, research analysts expect that Pinnacle West Capital Co. will post 5.13 earnings per share for the current year.

About Pinnacle West Capital

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.