WINTON GROUP Ltd grew its holdings in Pinnacle West Capital Co. (NYSE:PNW) by 61.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,671 shares of the utilities provider’s stock after purchasing an additional 4,058 shares during the quarter. WINTON GROUP Ltd’s holdings in Pinnacle West Capital were worth $902,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of PNW. Captrust Financial Advisors bought a new stake in shares of Pinnacle West Capital during the second quarter worth $109,000. Parallel Advisors LLC raised its position in shares of Pinnacle West Capital by 3.6% during the second quarter. Parallel Advisors LLC now owns 2,144 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 75 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Pinnacle West Capital by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,270 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 174 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new stake in shares of Pinnacle West Capital during the third quarter worth $205,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Pinnacle West Capital during the third quarter worth $214,000. 82.80% of the stock is currently owned by institutional investors.

In other Pinnacle West Capital news, CEO Donald E. Brandt sold 18,153 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.54, for a total value of $1,625,419.62. Following the completion of the sale, the chief executive officer now directly owns 118,574 shares in the company, valued at $10,617,115.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Gallagher sold 2,012 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.37, for a total value of $179,812.44. Following the completion of the sale, the director now owns 12,786 shares of the company’s stock, valued at $1,142,684.82. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Pinnacle West Capital from $79.00 to $83.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. SunTrust Banks reiterated a “hold” rating and issued a $91.00 price objective on shares of Pinnacle West Capital in a report on Friday, November 24th. Zacks Investment Research upgraded Pinnacle West Capital from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, September 11th. Credit Suisse Group started coverage on Pinnacle West Capital in a report on Wednesday, September 20th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, KeyCorp reiterated a “hold” rating on shares of Pinnacle West Capital in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $86.70.

Pinnacle West Capital Co. (PNW) traded down $0.87 during midday trading on Wednesday, reaching $89.34. The company had a trading volume of 623,000 shares, compared to its average volume of 677,107. The company has a market capitalization of $10,079.14, a P/E ratio of 19.48, a PEG ratio of 6.53 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.85. Pinnacle West Capital Co. has a fifty-two week low of $73.74 and a fifty-two week high of $92.48.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.13. Pinnacle West Capital had a return on equity of 10.31% and a net margin of 14.67%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts predict that Pinnacle West Capital Co. will post 4.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st were issued a $0.695 dividend. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.66. This represents a $2.78 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, October 31st. Pinnacle West Capital’s dividend payout ratio is 60.04%.

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About Pinnacle West Capital

Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution.

Institutional Ownership by Quarter for Pinnacle West Capital (NYSE:PNW)

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