Integrated Investment Consultants LLC Buys Shares of 9,800 Pinnacle West Capital Co. (NYSE:PNW)

Integrated Investment Consultants LLC purchased a new position in shares of Pinnacle West Capital Co. (NYSE:PNW) in the 4th quarter, Holdings Channel reports. The firm purchased 9,800 shares of the utilities provider’s stock, valued at approximately $831,000.

A number of other institutional investors also recently made changes to their positions in the stock. Fortem Financial Group LLC increased its position in Pinnacle West Capital by 2.2% during the 4th quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider’s stock worth $485,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Pinnacle West Capital by 13.7% in the third quarter. GAMMA Investing LLC now owns 1,147 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 138 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Pinnacle West Capital by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 6,695 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 163 shares in the last quarter. LRI Investments LLC raised its stake in shares of Pinnacle West Capital by 7.0% in the 3rd quarter. LRI Investments LLC now owns 2,498 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 163 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Pinnacle West Capital by 2.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,581 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 169 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Trading Up 0.4 %

NYSE PNW opened at $86.75 on Friday. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. Pinnacle West Capital Co. has a 12 month low of $65.20 and a 12 month high of $95.42. The company’s fifty day moving average price is $88.12 and its two-hundred day moving average price is $86.85.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be given a dividend of $0.895 per share. The ex-dividend date is Monday, February 3rd. This represents a $3.58 annualized dividend and a dividend yield of 4.13%. Pinnacle West Capital’s payout ratio is 67.80%.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley cut their price objective on Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Citigroup increased their target price on Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. KeyCorp raised Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price target on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of Pinnacle West Capital from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Barclays lowered shares of Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $93.00 to $91.00 in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.65.

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.