Savant Capital LLC Has $278,000 Stock Position in Pinnacle West Capital Co. (NYSE:PNW)

Savant Capital LLC cut its position in Pinnacle West Capital Co. (NYSE:PNW) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,873 shares of the utilities provider’s stock after selling 813 shares during the quarter. Savant Capital LLC’s holdings in Pinnacle West Capital were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PNW. Commonwealth Equity Services LLC grew its position in shares of Pinnacle West Capital by 2.6% in the third quarter. Commonwealth Equity Services LLC now owns 36,801 shares of the utilities provider’s stock valued at $2,712,000 after purchasing an additional 942 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Pinnacle West Capital by 9.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,013 shares of the utilities provider’s stock worth $369,000 after buying an additional 443 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Pinnacle West Capital by 16.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,512 shares of the utilities provider’s stock worth $1,659,000 after buying an additional 3,206 shares during the last quarter. Strs Ohio boosted its position in shares of Pinnacle West Capital by 10.6% in the third quarter. Strs Ohio now owns 25,586 shares of the utilities provider’s stock valued at $1,885,000 after acquiring an additional 2,452 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of Pinnacle West Capital by 7.8% in the third quarter. IFM Investors Pty Ltd now owns 15,209 shares of the utilities provider’s stock worth $1,121,000 after acquiring an additional 1,105 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Wells Fargo & Company upped their price target on Pinnacle West Capital from $74.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday. Mizuho reduced their price objective on Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Morgan Stanley boosted their price objective on Pinnacle West Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.67.

Pinnacle West Capital Stock Up 0.3 %

PNW opened at $76.01 on Tuesday. Pinnacle West Capital Co. has a twelve month low of $65.20 and a twelve month high of $86.03. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 2.12 and a beta of 0.48. The firm’s 50-day simple moving average is $72.55 and its 200-day simple moving average is $72.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.58.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.17. Pinnacle West Capital had a net margin of 11.09% and a return on equity of 8.29%. The firm had revenue of $951.71 million for the quarter, compared to analysts’ expectations of $981.82 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Pinnacle West Capital Co. will post 4.72 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 1st will be given a $0.88 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $3.52 annualized dividend and a yield of 4.63%. Pinnacle West Capital’s payout ratio is 76.69%.

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.