Pinnacle West Capital Co. (NYSE:PNW) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Pinnacle West Capital Co. (NYSE:PNW) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,218 shares of the utilities provider’s stock after selling 804 shares during the period. Nisa Investment Advisors LLC’s holdings in Pinnacle West Capital were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. boosted its stake in Pinnacle West Capital by 338.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 355 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 274 shares in the last quarter. Pacific Center for Financial Services purchased a new position in shares of Pinnacle West Capital in the first quarter worth $40,000. Blue Trust Inc. raised its holdings in shares of Pinnacle West Capital by 985.7% in the fourth quarter. Blue Trust Inc. now owns 532 shares of the utilities provider’s stock worth $39,000 after buying an additional 483 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Pinnacle West Capital in the third quarter worth $44,000. Finally, Retirement Group LLC raised its holdings in shares of Pinnacle West Capital by 200.0% in the fourth quarter. Retirement Group LLC now owns 600 shares of the utilities provider’s stock worth $46,000 after buying an additional 400 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PNW. Guggenheim raised shares of Pinnacle West Capital from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a report on Monday, January 22nd. StockNews.com cut shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Barclays reduced their target price on shares of Pinnacle West Capital from $79.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Mizuho reduced their target price on shares of Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Finally, UBS Group raised shares of Pinnacle West Capital from a “sell” rating to a “neutral” rating and raised their target price for the stock from $68.00 to $71.00 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus price target of $72.91.

Pinnacle West Capital Stock Up 0.0 %

PNW stock opened at $72.24 on Friday. The firm’s fifty day moving average is $70.68 and its 200 day moving average is $72.10. Pinnacle West Capital Co. has a one year low of $65.20 and a one year high of $86.03. The firm has a market cap of $8.20 billion, a PE ratio of 16.38, a P/E/G ratio of 2.02 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.67.

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.