EntryPoint Capital LLC Makes New Investment in Pinnacle West Capital Co. (NYSE:PNW)

EntryPoint Capital LLC purchased a new position in Pinnacle West Capital Co. (NYSE:PNW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,419 shares of the utilities provider's stock, valued at approximately $544,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Pinnacle West Capital by 221.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 677,274 shares of the utilities provider's stock valued at $57,413,000 after buying an additional 466,736 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Pinnacle West Capital during the fourth quarter worth $32,078,000. Reaves W H & Co. Inc. lifted its holdings in shares of Pinnacle West Capital by 35.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,390,715 shares of the utilities provider's stock valued at $117,891,000 after purchasing an additional 362,083 shares during the last quarter. Yaupon Capital Management LP acquired a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $22,173,000. Finally, Zimmer Partners LP increased its stake in Pinnacle West Capital by 5.7% in the 3rd quarter. Zimmer Partners LP now owns 2,899,676 shares of the utilities provider's stock worth $256,882,000 after purchasing an additional 155,466 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. 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. LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group increased their target price on Pinnacle West Capital from $96.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, 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 report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.17.

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Pinnacle West Capital Stock Performance

Pinnacle West Capital stock traded up $1.21 during trading hours on Friday, hitting $94.23. The stock had a trading volume of 1,537,012 shares, compared to its average volume of 1,059,649. The company has a 50-day moving average of $90.28 and a two-hundred day moving average of $88.96. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.20. Pinnacle West Capital Co. has a fifty-two week low of $70.73 and a fifty-two week high of $95.42. The company has a market cap of $11.22 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53.

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

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.