Analysts Set Pinnacle West Capital Co. (NYSE:PNW) Target Price at $95.17

Pinnacle West Capital Co. (NYSE:PNW) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $95.17.

A number of brokerages have weighed in on PNW. Morgan Stanley boosted their target price on shares of Pinnacle West Capital from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Wells Fargo & Company increased their target price on Pinnacle West Capital from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. KeyCorp upgraded Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price target for the company in a research note on Wednesday, December 4th. UBS Group raised their price objective on shares of Pinnacle West Capital from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Jefferies Financial Group reduced their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 28th.

Pinnacle West Capital Trading Up 1.5 %

Shares of NYSE:PNW opened at $92.90 on Friday. 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 has a 1 year low of $70.73 and a 1 year high of $95.42. The company has a market cap of $11.06 billion, a P/E ratio of 17.59, a PEG ratio of 3.59 and a beta of 0.53. The stock’s fifty day moving average price is $90.00 and its 200-day moving average price is $88.91.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.06 billion. Sell-side analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Institutional Trading of Pinnacle West Capital

Institutional investors have recently made changes to their positions in the business. 111 Capital bought a new position in Pinnacle West Capital in the 4th quarter worth approximately $340,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pinnacle West Capital by 26.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,775 shares of the utilities provider’s stock worth $2,524,000 after buying an additional 6,183 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Pinnacle West Capital by 2.7% during the fourth quarter. Probity Advisors Inc. now owns 6,056 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 159 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pinnacle West Capital during the fourth quarter valued at $1,453,000. Finally, Mackenzie Financial Corp increased its holdings in Pinnacle West Capital by 301.6% in the 4th quarter. Mackenzie Financial Corp now owns 17,142 shares of the utilities provider’s stock valued at $1,453,000 after acquiring an additional 12,874 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.