Barclays PLC Has $43.27 Million Stock Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Barclays PLC raised its stake in Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 151.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 510,494 shares of the utilities provider's stock after buying an additional 307,131 shares during the quarter. Barclays PLC owned 0.45% of Pinnacle West Capital worth $43,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. increased its stake in shares of Pinnacle West Capital by 0.9% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 13,724 shares of the utilities provider's stock worth $1,163,000 after acquiring an additional 116 shares during the last quarter. Fortem Financial Group LLC raised its stake in shares of Pinnacle West Capital by 2.2% during the 4th quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider's stock worth $485,000 after purchasing an additional 124 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Pinnacle West Capital by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 14,916 shares of the utilities provider's stock valued at $1,264,000 after buying an additional 127 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Pinnacle West Capital by 10.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,598 shares of the utilities provider's stock worth $135,000 after buying an additional 156 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its position in Pinnacle West Capital by 3.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,683 shares of the utilities provider's stock valued at $397,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Stock Performance

NYSE:PNW traded down $0.34 during trading hours on Wednesday, hitting $94.67. 174,081 shares of the company traded hands, compared to its average volume of 1,087,556. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. Pinnacle West Capital Co. has a twelve month low of $72.78 and a twelve month high of $96.50. The firm has a 50-day moving average of $92.36 and a 200 day moving average of $89.39. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 3.59 and a beta of 0.42.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.31) by $0.25. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. On average, analysts forecast that Pinnacle West Capital Co. will post 5.13 EPS for the current year.

Analyst Ratings Changes

PNW has been the topic of several analyst reports. Barclays increased their price target on shares of Pinnacle West Capital from $87.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 1st. Wells Fargo & Company raised their target price on Pinnacle West Capital from $92.00 to $95.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. LADENBURG THALM/SH SH upgraded Pinnacle West Capital to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group boosted their target price on Pinnacle West Capital from $96.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Jefferies Financial Group decreased their target price on Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Pinnacle West Capital currently has an average rating of "Moderate Buy" and an average price target of $95.50.

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.