Brookstone Capital Administration decreased its place in Pinnacle West Capital Co. (NYSE:PNW – Free Report) by 16.2% through the third quarter, in line with its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 3,403 shares of the utilities supplier’s inventory after promoting 656 shares through the interval. Brookstone Capital Administration’s holdings in Pinnacle West Capital had been value $301,000 as of its most up-to-date SEC submitting.
A lot of different hedge funds and different institutional traders have additionally just lately purchased and bought shares of the enterprise. Capital Analysis World Buyers boosted its place in shares of Pinnacle West Capital by 97.5% within the first quarter. Capital Analysis World Buyers now owns 12,851,930 shares of the utilities supplier’s inventory value $960,425,000 after shopping for an extra 6,344,121 shares through the interval. Lazard Asset Administration LLC raised its place in shares of Pinnacle West Capital by 72.7% within the 1st quarter. Lazard Asset Administration LLC now owns 6,719,397 shares of the utilities supplier’s inventory valued at $502,139,000 after buying an extra 2,828,450 shares within the final quarter. Zimmer Companions LP acquired a brand new stake in shares of Pinnacle West Capital through the first quarter value roughly $198,409,000. Barrow Hanley Mewhinney & Strauss LLC elevated its stake in shares of Pinnacle West Capital by 24.6% within the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,985,619 shares of the utilities supplier’s inventory value $533,562,000 after shopping for an extra 1,379,368 shares over the past quarter. Lastly, Dimensional Fund Advisors LP raised its holdings in Pinnacle West Capital by 31.2% within the second quarter. Dimensional Fund Advisors LP now owns 845,137 shares of the utilities supplier’s inventory valued at $64,550,000 after buying an extra 200,816 shares within the final quarter. 91.51% of the inventory is owned by institutional traders and hedge funds.
Pinnacle West Capital Inventory Efficiency
Shares of PNW opened at $86.53 on Tuesday. The agency has a fifty day transferring common of $87.80 and a 200-day transferring common of $80.79. The corporate has a market cap of $9.83 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of two.20 and a beta of 0.52. The corporate has a debt-to-equity ratio of 1.28, a fast ratio of 0.48 and a present ratio of 0.66. Pinnacle West Capital Co. has a 1 12 months low of $65.20 and a 1 12 months excessive of $91.57.
Pinnacle West Capital (NYSE:PNW – Get Free Report) final posted its earnings outcomes on Thursday, August 1st. The utilities supplier reported $1.76 EPS for the quarter, topping the consensus estimate of $1.31 by $0.45. The agency had income of $1.31 billion through the quarter, in comparison with analysts’ expectations of $1.21 billion. Pinnacle West Capital had a web margin of 12.65% and a return on fairness of 9.75%. Pinnacle West Capital’s quarterly income was up 15.7% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the agency earned $0.94 EPS. As a gaggle, equities analysts anticipate that Pinnacle West Capital Co. will put up 4.77 earnings per share for the present 12 months.
Analysts Set New Worth Targets
A number of brokerages have weighed in on PNW. Morgan Stanley raised their worth goal on shares of Pinnacle West Capital from $78.00 to $83.00 and gave the inventory an “equal weight” score in a report on Wednesday, September twenty fifth. Jefferies Monetary Group assumed protection on Pinnacle West Capital in a report on Thursday, September nineteenth. They issued a “purchase” score and a $104.00 worth goal for the corporate. Barclays decreased their goal worth on Pinnacle West Capital from $81.00 to $78.00 and set an “chubby” score on the inventory in a report on Tuesday, July 2nd. Wells Fargo & Firm boosted their worth goal on Pinnacle West Capital from $80.00 to $87.00 and gave the corporate an “equal weight” score in a report on Friday, August 2nd. Lastly, StockNews.com upgraded Pinnacle West Capital from a “promote” score to a “maintain” score in a analysis word on Monday, August fifth. Seven analysts have rated the inventory with a maintain score and 6 have assigned a purchase score to the inventory. In response to information from MarketBeat.com, the inventory has a consensus score of “Maintain” and a consensus goal worth of $80.54.
Test Out Our Newest Analysis Report on PNW
Insider Exercise at Pinnacle West Capital
In different Pinnacle West Capital information, EVP Robert Edgar Smith bought 4,950 shares of the enterprise’s inventory in a transaction on Friday, August ninth. The inventory was bought at a median worth of $85.80, for a complete transaction of $424,710.00. Following the completion of the transaction, the manager vice chairman now owns 6,397 shares within the firm, valued at roughly $548,862.60. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which may be accessed via this hyperlink. 0.23% of the inventory is owned by insiders.
About Pinnacle West Capital
Pinnacle West Capital Company, via its subsidiary, offers retail and wholesale electrical providers primarily within the state of Arizona. The corporate engages within the technology, transmission, and distribution of electrical energy utilizing coal, nuclear, fuel, oil, and photo voltaic producing services. Its transmission services embrace overhead traces and underground traces; and distribution services include overhead traces and underground major cables.
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