111 Capital Invests $340,000 in Pinnacle West Capital Co. (NYSE:PNW)

111 Capital purchased a new stake in Pinnacle West Capital Co. (NYSE:PNW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,016 shares of the utilities provider's stock, valued at approximately $340,000.

Several other large investors have also recently added to or reduced their stakes in PNW. YANKCOM Partnership acquired a new position in shares of Pinnacle West Capital in the 4th quarter worth approximately $29,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Pinnacle West Capital in the 4th quarter worth approximately $35,000. Brown Lisle Cummings Inc. acquired a new position in shares of Pinnacle West Capital in the 4th quarter worth approximately $38,000. Transcendent Capital Group LLC acquired a new position in shares of Pinnacle West Capital in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP raised its holdings in shares of Pinnacle West Capital by 125.9% in the 4th quarter. Allworth Financial LP now owns 655 shares of the utilities provider's stock worth $56,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PNW. Wall Street Zen cut Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Barclays raised their price target on Pinnacle West Capital from $87.00 to $94.00 and gave the company an "equal weight" rating in a report on Tuesday, April 1st. Morgan Stanley dropped their price target on Pinnacle West Capital from $88.00 to $87.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Pinnacle West Capital in a report on Wednesday, February 26th. Finally, LADENBURG THALM/SH SH raised Pinnacle West Capital to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $95.65.

Pinnacle West Capital Trading Down 0.4%

Shares of NYSE PNW traded down $0.37 during midday trading on Tuesday, hitting $90.47. The stock had a trading volume of 1,056,703 shares, compared to its average volume of 1,126,595. The company's 50-day simple moving average is $92.38 and its 200 day simple moving average is $90.20. The firm has a market cap of $10.80 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 3.59 and a beta of 0.45. Pinnacle West Capital Co. has a fifty-two week low of $74.45 and a fifty-two week high of $96.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $988.95 million. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. The firm's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Research analysts anticipate that Pinnacle West Capital Co. will post 5.13 EPS for the current year.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 5th were paid a $0.895 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $3.58 annualized dividend and a dividend yield of 3.96%. Pinnacle West Capital's dividend payout ratio (DPR) is currently 71.17%.

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.