Signaturefd LLC Has $74,000 Stock Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Signaturefd LLC lessened its holdings in Pinnacle West Capital Co. (NYSE:PNW) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,033 shares of the utilities provider’s stock after selling 363 shares during the quarter. Signaturefd LLC’s holdings in Pinnacle West Capital were worth $74,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PNW. FMR LLC boosted its holdings in shares of Pinnacle West Capital by 1.0% during the 3rd quarter. FMR LLC now owns 1,153,505 shares of the utilities provider’s stock valued at $84,990,000 after acquiring an additional 11,591 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pinnacle West Capital by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 963,193 shares of the utilities provider’s stock valued at $70,968,000 after acquiring an additional 9,696 shares in the last quarter. Empower Advisory Group LLC boosted its holdings in shares of Pinnacle West Capital by 1.5% during the 3rd quarter. Empower Advisory Group LLC now owns 886,891 shares of the utilities provider’s stock valued at $65,346,000 after acquiring an additional 12,850 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Pinnacle West Capital by 4.4% during the 3rd quarter. California Public Employees Retirement System now owns 642,395 shares of the utilities provider’s stock valued at $47,332,000 after acquiring an additional 27,082 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Pinnacle West Capital by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 595,799 shares of the utilities provider’s stock valued at $43,898,000 after acquiring an additional 8,436 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

PNW stock opened at $74.95 on Thursday. The stock has a 50-day moving average price of $72.21 and a 200-day moving average price of $72.11. Pinnacle West Capital Co. has a 1-year low of $65.20 and a 1-year high of $86.03. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 1.20. The firm has a market cap of $8.51 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.49.

Pinnacle West Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 1st will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Tuesday, April 30th. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 79.82%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PNW shares. Mizuho cut their price objective on Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Evercore ISI lowered their target price on Pinnacle West Capital from $76.00 to $69.00 and set an “in-line” rating for the company in a research report on Monday, March 4th. StockNews.com lowered Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Bank of America raised Pinnacle West Capital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $71.00 to $80.00 in a research report on Monday, March 18th. Finally, Citigroup started coverage on Pinnacle West Capital in a research report on Monday. They set a “neutral” rating and a $78.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.42.

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.