UniSuper Management Pty Ltd increased its position in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,948 shares of the utilities provider's stock after purchasing an additional 3,935 shares during the quarter. UniSuper Management Pty Ltd's holdings in Pinnacle West Capital were worth $1,606,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of PNW. Mesirow Financial Investment Management Inc. grew its position in Pinnacle West Capital by 0.9% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 13,724 shares of the utilities provider's stock valued at $1,163,000 after acquiring an additional 116 shares during the last quarter. Fortem Financial Group LLC grew its holdings in shares of Pinnacle West Capital by 2.2% during the 4th quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider's stock valued at $485,000 after purchasing an additional 124 shares during the last quarter. New York Life Investment Management LLC lifted its stake in Pinnacle West Capital by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 14,916 shares of the utilities provider's stock valued at $1,264,000 after purchasing an additional 127 shares during the last quarter. Global Retirement Partners LLC boosted its position in Pinnacle West Capital by 10.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,598 shares of the utilities provider's stock valued at $135,000 after buying an additional 156 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its holdings in shares of Pinnacle West Capital by 3.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 4,683 shares of the utilities provider's stock worth $397,000 after buying an additional 162 shares in the last quarter. 91.51% of the stock is owned by institutional investors.
Pinnacle West Capital Stock Performance
PNW traded down $0.61 during trading hours on Friday, hitting $94.60. The stock had a trading volume of 246,344 shares, compared to its average volume of 1,055,674. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.20. The stock has a market cap of $11.27 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53. Pinnacle West Capital Co. has a 1 year low of $70.72 and a 1 year high of $96.50. The company's fifty day simple moving average is $90.98 and its 200 day simple moving average is $89.13.
Pinnacle West Capital (NYSE:PNW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.25. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.06 billion. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. Equities analysts anticipate that Pinnacle West Capital Co. will post 5.13 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. LADENBURG THALM/SH SH upgraded Pinnacle West Capital to a "strong-buy" rating in a research report on Monday, March 17th. 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. Wells Fargo & Company lifted 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 report on Wednesday, February 26th. UBS Group upped their target price on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim reissued a "buy" rating and set a $100.00 price objective on shares of Pinnacle West Capital in a 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 issued a strong buy rating to the company. According to MarketBeat.com, Pinnacle West Capital has a consensus rating of "Moderate Buy" and a consensus price target of $95.50.
View Our Latest Analysis on Pinnacle West Capital
Pinnacle West Capital Profile
(
Free Report)
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.
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