Fox Run Management L.L.C. Takes Position in Pinnacle West Capital Co. (NYSE:PNW)

Fox Run Management L.L.C. bought a new position in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,710 shares of the utilities provider's stock, valued at approximately $1,247,000.

A number of other institutional investors also recently made changes to their positions in the business. Sei Investments Co. grew its position in shares of Pinnacle West Capital by 27.5% in the 4th quarter. Sei Investments Co. now owns 116,842 shares of the utilities provider's stock worth $9,904,000 after acquiring an additional 25,226 shares in the last quarter. American Century Companies Inc. lifted its stake in Pinnacle West Capital by 2.1% during the fourth quarter. American Century Companies Inc. now owns 129,333 shares of the utilities provider's stock worth $10,964,000 after purchasing an additional 2,665 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Pinnacle West Capital by 3.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,683 shares of the utilities provider's stock worth $397,000 after purchasing an additional 162 shares during the period. Blueshift Asset Management LLC increased its stake in Pinnacle West Capital by 22.2% during the fourth quarter. Blueshift Asset Management LLC now owns 4,332 shares of the utilities provider's stock valued at $367,000 after purchasing an additional 786 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Pinnacle West Capital during the fourth quarter worth $644,000. 91.51% of the stock is owned by institutional investors and hedge funds.

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Pinnacle West Capital Price Performance

Shares of NYSE:PNW traded down $1.25 during trading hours on Tuesday, hitting $91.84. 364,124 shares of the company's stock traded hands, compared to its average volume of 986,723. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 0.71. The company's fifty day simple moving average is $89.67 and its two-hundred day simple moving average is $88.85. Pinnacle West Capital Co. has a 52 week low of $70.73 and a 52 week high of $95.42. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 17.38, 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 earnings results 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 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%. As a group, equities analysts anticipate that Pinnacle West Capital Co. will post 5.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on PNW. Citigroup lifted their price target on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped 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. KeyCorp raised Pinnacle West Capital from a "sector weight" rating to an "overweight" rating and set a $101.00 price target on the stock in a report on Wednesday, December 4th. UBS Group upped their price objective on Pinnacle West Capital from $96.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Jefferies Financial Group dropped their target price on 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. Six 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.17.

Pinnacle West Capital Company 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.