Vanguard Personalized Indexing Management LLC Has $788,000 Stock Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Vanguard Personalized Indexing Management LLC increased its position in shares of Pinnacle West Capital Co. (NYSE:PNW) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,969 shares of the utilities provider’s stock after acquiring an additional 2,182 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Pinnacle West Capital were worth $788,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Pinnacle West Capital by 1.0% during the third 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Pinnacle West Capital by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,371 shares of the utilities provider’s stock valued at $71,220,000 after acquiring an additional 28,178 shares during the period. Empower Advisory Group LLC lifted its stake in shares of Pinnacle West Capital by 1.5% during the third 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 during the period. Reaves W H & Co. Inc. lifted its stake in shares of Pinnacle West Capital by 12.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 814,309 shares of the utilities provider’s stock valued at $58,500,000 after acquiring an additional 89,442 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Pinnacle West Capital by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 649,736 shares of the utilities provider’s stock valued at $46,677,000 after purchasing an additional 7,341 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 0.8 %

NYSE:PNW opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.42 and a current ratio of 0.58. The company has a market cap of $8.93 billion, a PE ratio of 17.13, a PEG ratio of 2.18 and a beta of 0.48. Pinnacle West Capital Co. has a 52-week low of $65.20 and a 52-week high of $86.03. The stock has a 50-day simple moving average of $74.12 and a 200 day simple moving average of $72.29.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The business had revenue of $951.71 million during the quarter, compared to the consensus estimate of $981.82 million. Pinnacle West Capital had a return on equity of 8.29% and a net margin of 11.09%. Pinnacle West Capital’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, sell-side analysts expect that Pinnacle West Capital Co. will post 4.76 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 1st will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.48%. Pinnacle West Capital’s payout ratio is presently 76.69%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PNW. UBS Group upgraded Pinnacle West Capital from a “sell” rating to a “neutral” rating and upped their price objective for the company from $68.00 to $71.00 in a report on Monday, March 11th. Bank of America upgraded Pinnacle West Capital from a “neutral” rating to a “buy” rating and upped their price objective for the company from $71.00 to $80.00 in a report on Monday, March 18th. Wells Fargo & Company upped their price objective on Pinnacle West Capital from $74.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. StockNews.com downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada dropped their price objective on Pinnacle West Capital from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus price target of $74.08.

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.