Epoch Investment Partners Inc. Lowers Position in Pinnacle West Capital Co. (NYSE:PNW)

Epoch Investment Partners Inc. decreased its holdings in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,100 shares of the utilities provider's stock after selling 19,169 shares during the quarter. Epoch Investment Partners Inc. owned about 0.49% of Pinnacle West Capital worth $47,564,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. YANKCOM Partnership purchased a new position in Pinnacle West Capital during the 4th quarter valued at about $29,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Pinnacle West Capital during the fourth quarter worth approximately $35,000. Brown Lisle Cummings Inc. acquired a new position in Pinnacle West Capital during the 4th quarter worth approximately $38,000. Roble Belko & Company Inc purchased a new stake in Pinnacle West Capital during the fourth quarter worth about $42,000. Finally, Transcendent Capital Group LLC purchased a new position in Pinnacle West Capital in the 4th quarter valued at approximately $46,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PNW shares. Jefferies Financial Group decreased their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley raised their price target on Pinnacle West Capital from $84.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, February 26th. LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a "strong-buy" rating in a research report on Monday, March 17th. Finally, UBS Group lifted their price objective on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Six investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $95.50.

Pinnacle West Capital Trading Down 0.6 %

NYSE:PNW traded down $0.60 on Wednesday, reaching $94.41. 1,859,815 shares of the stock traded hands, compared to its average volume of 1,094,219. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.42. Pinnacle West Capital Co. has a 1-year low of $72.78 and a 1-year high of $96.50. The company's 50 day moving average is $92.36 and its 200-day moving average is $89.39. 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 (NYSE:PNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.25. The business had revenue of $1.10 billion for 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%. 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.