Brandywine Global Investment Management LLC Has $5.85 Million Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Brandywine Global Investment Management LLC decreased its position in Pinnacle West Capital Co. (NYSE:PNW) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,014 shares of the utilities provider’s stock after selling 5,107 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Pinnacle West Capital worth $5,850,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PNW. YANKCOM Partnership acquired a new position in shares of Pinnacle West Capital during the 4th quarter valued at $29,000. Brown Lisle Cummings Inc. bought a new stake in Pinnacle West Capital in the fourth quarter valued at $38,000. Roble Belko & Company Inc acquired a new position in shares of Pinnacle West Capital during the fourth quarter valued at about $42,000. Transcendent Capital Group LLC bought a new position in shares of Pinnacle West Capital during the 4th quarter worth about $46,000. Finally, Allworth Financial LP grew its stake in shares of Pinnacle West Capital by 125.9% in the 4th quarter. Allworth Financial LP now owns 655 shares of the utilities provider’s stock valued at $56,000 after buying an additional 365 shares during the period. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Trading Down 0.0 %

Shares of Pinnacle West Capital stock opened at $95.23 on Wednesday. The stock has a fifty day moving average price of $90.60 and a 200-day moving average price of $89.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. The firm has a market cap of $11.34 billion, a PE ratio of 18.04, a P/E/G ratio of 3.59 and a beta of 0.53. Pinnacle West Capital Co. has a 1 year low of $70.73 and a 1 year high of $95.83.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts anticipate that Pinnacle West Capital Co. will post 5.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PNW. UBS Group raised their price objective on Pinnacle West Capital from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group lowered 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 report on Tuesday, January 28th. KeyCorp upgraded shares of Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price objective for the company in a report on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a “strong-buy” rating in a report on Monday, March 17th. Finally, Wells Fargo & Company lifted their price target on Pinnacle West Capital from $92.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Six investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.50.

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.