EntryPoint Capital LLC Takes Position in Pinnacle West Capital Co. (NYSE:PNW)

EntryPoint Capital LLC purchased a new position in shares of Pinnacle West Capital Co. (NYSE:PNW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,419 shares of the utilities provider’s stock, valued at approximately $544,000.

A number of other large investors have also modified their holdings of the company. Natixis Advisors LLC increased its stake in shares of Pinnacle West Capital by 1.5% in the third quarter. Natixis Advisors LLC now owns 23,221 shares of the utilities provider’s stock valued at $2,057,000 after purchasing an additional 342 shares during the period. Charles Schwab Investment Management Inc. increased its position in Pinnacle West Capital by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,028,088 shares of the utilities provider’s stock valued at $91,078,000 after acquiring an additional 5,066 shares during the period. Larson Financial Group LLC increased its position in Pinnacle West Capital by 285.1% in the 3rd quarter. Larson Financial Group LLC now owns 4,502 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 3,333 shares during the period. Crewe Advisors LLC raised its stake in Pinnacle West Capital by 39.2% during the 3rd quarter. Crewe Advisors LLC now owns 1,100 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 310 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Pinnacle West Capital by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,238 shares of the utilities provider’s stock worth $464,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

PNW has been the topic of a number of research analyst reports. Citigroup raised their price target on Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. KeyCorp upgraded shares of Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price target on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company increased 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. Jefferies Financial Group dropped their target price 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. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Pinnacle West Capital in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Pinnacle West Capital currently has an average rating of “Moderate Buy” and a consensus target price of $95.17.

Pinnacle West Capital Trading Down 0.8 %

Pinnacle West Capital stock opened at $93.01 on Tuesday. Pinnacle West Capital Co. has a 1 year low of $70.73 and a 1 year high of $95.42. The firm’s 50 day moving average price is $89.67 and its two-hundred day moving average price is $88.85. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53. 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 (NYSE:PNW) last announced its earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, research analysts predict that Pinnacle West Capital Co. will post 5.13 EPS for the current fiscal year.

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.