Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 17,144 Pinnacle West Capital Co. (NYSE:PNW)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Pinnacle West Capital Co. (NYSE:PNW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,144 shares of the utilities provider's stock, valued at approximately $1,453,000.

Several other hedge funds have also bought and sold shares of the stock. YANKCOM Partnership acquired a new position in Pinnacle West Capital during the fourth quarter worth $29,000. Canada Post Corp Registered Pension Plan acquired a new stake in Pinnacle West Capital in the 4th quarter valued at about $35,000. Brown Lisle Cummings Inc. acquired a new stake in Pinnacle West Capital in the 4th quarter valued at about $38,000. Transcendent Capital Group LLC acquired a new stake in Pinnacle West Capital in the 4th quarter valued at about $46,000. Finally, Allworth Financial LP raised its holdings in Pinnacle West Capital by 125.9% in the 4th quarter. Allworth Financial LP now owns 655 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Trading Down 0.4%

Shares of NYSE:PNW traded down $0.34 during mid-day trading on Friday, reaching $89.05. 781,701 shares of the company were exchanged, compared to its average volume of 1,118,931. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 3.59 and a beta of 0.43. The firm's 50-day simple moving average is $92.05 and its 200 day simple moving average is $90.15. Pinnacle West Capital Co. has a 1 year low of $74.45 and a 1 year high of $96.50.

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

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were given a $0.895 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $3.58 annualized dividend and a yield of 4.02%. Pinnacle West Capital's dividend payout ratio is presently 71.17%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Wells Fargo & Company increased their price target on shares of Pinnacle West Capital from $95.00 to $98.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. BMO Capital Markets started coverage on shares of Pinnacle West Capital in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $95.00 price target for the company. LADENBURG THALM/SH SH raised shares of Pinnacle West Capital to a "hold" rating in a research note on Friday, May 9th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Pinnacle West Capital in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $97.00.

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.