Pinnacle West Capital Co. (NYSE:PNW) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,965 shares of the utilities provider's stock after purchasing an additional 8,934 shares during the quarter. Captrust Financial Advisors owned 0.65% of Pinnacle West Capital worth $62,812,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PNW. YANKCOM Partnership purchased a new position in Pinnacle West Capital in the fourth quarter worth approximately $29,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Pinnacle West Capital during the 4th quarter worth $35,000. Brown Lisle Cummings Inc. acquired a new position in shares of Pinnacle West Capital during the fourth quarter worth $38,000. Roble Belko & Company Inc purchased a new position in Pinnacle West Capital in the fourth quarter valued at $42,000. Finally, Transcendent Capital Group LLC acquired a new stake in Pinnacle West Capital in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PNW. Jefferies Financial Group dropped their price objective on Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. StockNews.com cut shares of Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Monday. UBS Group upped their target price on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley boosted their price target on shares of Pinnacle West Capital from $84.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, LADENBURG THALM/SH SH raised Pinnacle West Capital to a "hold" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $95.83.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $93.92 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 0.71. Pinnacle West Capital Co. has a one year low of $74.45 and a one year high of $96.50. The company has a 50-day simple moving average of $92.98 and a 200-day simple moving average of $89.89. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 3.59 and a beta of 0.45.

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

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be paid a $0.895 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.58 annualized dividend and a yield of 3.81%. Pinnacle West Capital's dividend payout ratio 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.

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