Jump Financial LLC Boosts Stake in Pinnacle West Capital Co. (NYSE:PNW)

Jump Financial LLC boosted its stake in Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,706 shares of the utilities provider's stock after purchasing an additional 7,116 shares during the period. Jump Financial LLC owned about 0.06% of Pinnacle West Capital worth $6,079,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. MML Investors Services LLC increased its stake in shares of Pinnacle West Capital by 5.5% in the third quarter. MML Investors Services LLC now owns 6,434 shares of the utilities provider's stock valued at $570,000 after buying an additional 334 shares during the period. Barclays PLC increased its position in Pinnacle West Capital by 7.6% during the 3rd quarter. Barclays PLC now owns 203,363 shares of the utilities provider's stock valued at $18,014,000 after purchasing an additional 14,392 shares during the period. M&T Bank Corp raised its holdings in Pinnacle West Capital by 10.4% during the 3rd quarter. M&T Bank Corp now owns 10,134 shares of the utilities provider's stock worth $898,000 after purchasing an additional 958 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Pinnacle West Capital by 10.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,110 shares of the utilities provider's stock worth $276,000 after purchasing an additional 299 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Pinnacle West Capital during the third quarter worth $882,000. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Stock Down 0.7 %

Shares of PNW traded down $0.63 on Monday, reaching $93.82. The company's stock had a trading volume of 118,798 shares, compared to its average volume of 1,080,491. The stock has a market capitalization of $11.18 billion, a PE ratio of 17.77, a PEG ratio of 3.59 and a beta of 0.42. 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 Co. has a twelve month low of $72.78 and a twelve month high of $96.50. The firm has a fifty day moving average of $92.16 and a 200-day moving average of $89.32.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities analysts predict that Pinnacle West Capital Co. will post 5.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays increased their price target on Pinnacle West Capital from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 1st. Morgan Stanley raised 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 research report on Thursday, March 20th. UBS Group boosted their target price on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group decreased their price target 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. Finally, Guggenheim reissued a "buy" rating and set a $100.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, February 26th. Six investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.50.

About Pinnacle West Capital

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.