Viawealth LLC Sells 873 Shares of Pinnacle West Capital Co. (NYSE:PNW)

Viawealth LLC lessened its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,438 shares of the utilities provider’s stock after selling 873 shares during the period. Viawealth LLC’s holdings in Pinnacle West Capital were worth $885,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PNW. YANKCOM Partnership bought a new stake in Pinnacle West Capital during the 4th quarter valued at $29,000. Brown Lisle Cummings Inc. purchased a new position in shares of Pinnacle West Capital during the fourth quarter valued at $38,000. Roble Belko & Company Inc bought a new stake in shares of Pinnacle West Capital in the fourth quarter valued at about $42,000. Prospera Private Wealth LLC purchased a new stake in Pinnacle West Capital in the third quarter worth about $43,000. Finally, Transcendent Capital Group LLC bought a new position in Pinnacle West Capital during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

PNW has been the subject of several recent research reports. LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a “strong-buy” rating in a report on Monday. Citigroup upped their target price on Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group cut their price target 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. Morgan Stanley decreased their price objective on Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Wells Fargo & Company lifted their target price on Pinnacle West Capital from $92.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.81.

Pinnacle West Capital Trading Up 0.9 %

Shares of NYSE:PNW opened at $94.23 on Thursday. 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 capitalization of $11.22 billion, a P/E ratio of 17.85, a P/E/G ratio of 3.59 and a beta of 0.53. The business’s 50-day moving average is $89.00 and its 200 day moving average is $88.74. Pinnacle West Capital Co. has a 1 year low of $70.73 and a 1 year high of $95.42.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.25. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. On average, research analysts predict that Pinnacle West Capital Co. will post 5.13 earnings per share for the current fiscal year.

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.