Fox Run Management L.L.C. Takes Position in Pinnacle West Capital Co. (NYSE:PNW)

Fox Run Management L.L.C. bought a new position in Pinnacle West Capital Co. (NYSE:PNW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,710 shares of the utilities provider’s stock, valued at approximately $1,247,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in shares of Pinnacle West Capital in the fourth quarter worth about $29,000. Brown Lisle Cummings Inc. acquired a new position in Pinnacle West Capital in the 4th quarter worth approximately $38,000. Roble Belko & Company Inc purchased a new position in Pinnacle West Capital during the 4th quarter worth approximately $42,000. Prospera Private Wealth LLC acquired a new stake in Pinnacle West Capital during the 3rd quarter valued at approximately $43,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Pinnacle West Capital in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Down 0.6 %

Shares of NYSE PNW opened at $93.67 on Friday. The stock has a market cap of $11.16 billion, a PE ratio of 17.74, a P/E/G ratio of 3.59 and a beta of 0.53. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20. Pinnacle West Capital Co. has a 12-month low of $70.73 and a 12-month high of $95.42. The company has a 50-day moving average of $89.46 and a 200 day moving average of $88.82.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results 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 analysts’ expectations of $1.06 billion. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. As a group, sell-side analysts predict that Pinnacle West Capital Co. will post 5.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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 lifted their price objective on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Friday. Citigroup upped their price objective on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley raised their target price on Pinnacle West Capital from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH raised shares of Pinnacle West Capital to a “strong-buy” rating in a report on Monday, March 17th. Six 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.17.

Pinnacle West Capital Company 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.