denkapparat Operations GmbH Invests $525,000 in Pinnacle West Capital Co. (NYSE:PNW)

denkapparat Operations GmbH purchased a new stake in Pinnacle West Capital Co. (NYSE:PNW - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,194 shares of the utilities provider's stock, valued at approximately $525,000.

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Pinnacle West Capital by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 5,238 shares of the utilities provider's stock worth $464,000 after buying an additional 672 shares during the last quarter. Bank of Montreal Can boosted its holdings in Pinnacle West Capital by 21.7% in the 3rd quarter. Bank of Montreal Can now owns 247,548 shares of the utilities provider's stock valued at $21,851,000 after purchasing an additional 44,158 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Pinnacle West Capital by 73.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 200,755 shares of the utilities provider's stock valued at $17,785,000 after buying an additional 84,887 shares during the period. Bridgewater Associates LP raised its position in shares of Pinnacle West Capital by 104.5% during the 3rd quarter. Bridgewater Associates LP now owns 101,970 shares of the utilities provider's stock valued at $9,034,000 after buying an additional 52,095 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in Pinnacle West Capital by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 6,695 shares of the utilities provider's stock valued at $593,000 after acquiring an additional 163 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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Pinnacle West Capital Stock Down 0.4 %

Shares of NYSE:PNW traded down $0.38 during trading hours on Tuesday, reaching $94.87. The stock had a trading volume of 266,028 shares, compared to its average volume of 1,065,991. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 3.59 and a beta of 0.53. The firm's 50 day moving average is $90.45 and its 200-day moving average is $89.01. Pinnacle West Capital Co. has a 1 year low of $70.72 and a 1 year high of $95.83. 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 (NYSE:PNW - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.25. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.06 billion. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. Research analysts predict that Pinnacle West Capital Co. will post 5.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PNW shares. Citigroup upped their price target on Pinnacle West Capital from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Morgan Stanley upped their price objective on shares of Pinnacle West Capital from $84.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Barclays boosted their target price on Pinnacle West Capital from $87.00 to $94.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective 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. Finally, 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 research report on Tuesday, January 28th. Six 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. Based on data from MarketBeat.com, Pinnacle West Capital currently has an average rating of "Moderate Buy" and an average target price 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.