Analysts Set Pinnacle West Capital Co. (NYSE:PNW) PT at $95.17

Pinnacle West Capital Co. (NYSE:PNW) has received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $95.17.

Several analysts recently commented on PNW shares. KeyCorp raised Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 target price on the stock in a report on Wednesday, December 4th. Jefferies Financial Group dropped their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. UBS Group boosted their target price on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Citigroup raised their price target on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a “strong-buy” rating in a research report on Monday, March 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 111 Capital acquired a new position in shares of Pinnacle West Capital during the fourth quarter valued at approximately $340,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Pinnacle West Capital by 26.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,775 shares of the utilities provider’s stock worth $2,524,000 after purchasing an additional 6,183 shares in the last quarter. Probity Advisors Inc. raised its stake in Pinnacle West Capital by 2.7% in the 4th quarter. Probity Advisors Inc. now owns 6,056 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 159 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pinnacle West Capital in the 4th quarter valued at $1,453,000. Finally, Mackenzie Financial Corp boosted its stake in Pinnacle West Capital by 301.6% during the 4th quarter. Mackenzie Financial Corp now owns 17,142 shares of the utilities provider’s stock worth $1,453,000 after purchasing an additional 12,874 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $94.23 on Friday. Pinnacle West Capital has a twelve month low of $70.73 and a twelve month high of $95.42. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. The company has a market cap of $11.22 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53. The company’s 50 day moving average is $90.28 and its 200 day moving average is $88.97.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.25. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, sell-side analysts forecast that Pinnacle West Capital will post 5.13 EPS for the current year.

About Pinnacle West Capital

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.