Dynamic Technology Lab Private Ltd Has $1.89 Million Stock Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Dynamic Technology Lab Private Ltd lowered its stake in Pinnacle West Capital Co. (NYSE:PNW) by 45.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,330 shares of the utilities provider’s stock after selling 18,268 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pinnacle West Capital were worth $1,893,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Pinnacle West Capital by 0.9% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 13,724 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 116 shares during the period. Fortem Financial Group LLC boosted its stake in Pinnacle West Capital by 2.2% in the 4th quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 124 shares during the period. New York Life Investment Management LLC increased its position in Pinnacle West Capital by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 14,916 shares of the utilities provider’s stock worth $1,264,000 after buying an additional 127 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Pinnacle West Capital by 10.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,598 shares of the utilities provider’s stock worth $135,000 after buying an additional 156 shares in the last quarter. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Pinnacle West Capital by 3.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,683 shares of the utilities provider’s stock valued at $397,000 after acquiring an additional 162 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PNW. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, February 26th. Jefferies Financial Group cut their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. UBS Group raised their price objective on Pinnacle West Capital from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH upgraded Pinnacle West Capital to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Barclays raised their price target on Pinnacle West Capital from $87.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Pinnacle West Capital Stock Down 4.3 %

Shares of NYSE PNW opened at $91.15 on Friday. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 17.26, a PEG 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 $96.50. The stock has a 50-day moving average price of $91.09 and a two-hundred day moving average price of $89.12.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. As a group, analysts forecast that Pinnacle West Capital Co. will post 5.13 earnings per share for the current fiscal year.

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.