Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,864,993 shares of the utilities provider's stock after purchasing an additional 37,768 shares during the quarter. Pinnacle West Capital makes up about 2.0% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 11th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 6.04% of Pinnacle West Capital worth $581,945,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in PNW. YANKCOM Partnership purchased a new position in Pinnacle West Capital during the fourth quarter worth approximately $29,000. Brown Lisle Cummings Inc. purchased a new position in shares of Pinnacle West Capital in the 4th quarter worth $38,000. Roble Belko & Company Inc acquired a new position in Pinnacle West Capital in the fourth quarter valued at $42,000. Transcendent Capital Group LLC purchased a new stake in Pinnacle West Capital during the fourth quarter valued at about $46,000. Finally, Allworth Financial LP increased its stake in Pinnacle West Capital by 125.9% during the fourth quarter. Allworth Financial LP now owns 655 shares of the utilities provider's stock worth $56,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.
Pinnacle West Capital Stock Up 0.5 %
NYSE:PNW traded up $0.47 on Thursday, reaching $95.90. The stock had a trading volume of 263,202 shares, compared to its average volume of 1,056,129. The company has a 50-day moving average of $90.79 and a 200 day moving average of $89.08. 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 market cap of $11.42 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53. Pinnacle West Capital Co. has a 12-month low of $70.73 and a 12-month high of $96.50.
Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.25. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. On average, research analysts predict that Pinnacle West Capital Co. will post 5.13 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on PNW shares. 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. Jefferies Financial Group decreased their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Morgan Stanley raised their target price on shares of Pinnacle West Capital from $84.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Citigroup upped their price target on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, LADENBURG THALM/SH SH raised Pinnacle West Capital to a "strong-buy" rating in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.50.
Check Out Our Latest Report on Pinnacle West Capital
Pinnacle West Capital Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Pinnacle West Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pinnacle West Capital wasn't on the list.
While Pinnacle West Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
