Rothschild Investment LLC Sells 272 Shares of Pinnacle West Capital Co. (NYSE:PNW)

Rothschild Investment LLC lowered its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,855 shares of the utilities provider’s stock after selling 272 shares during the period. Rothschild Investment LLC’s holdings in Pinnacle West Capital were worth $2,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PNW. Fortem Financial Group LLC lifted its position in Pinnacle West Capital by 2.2% during the fourth quarter. Fortem Financial Group LLC now owns 5,717 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 124 shares during the period. Global Retirement Partners LLC raised its stake in Pinnacle West Capital by 10.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,598 shares of the utilities provider’s stock valued at $135,000 after buying an additional 156 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Pinnacle West Capital by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,695 shares of the utilities provider’s stock valued at $593,000 after buying an additional 163 shares during the period. LRI Investments LLC boosted 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 worth $227,000 after buying an additional 163 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of Pinnacle West Capital by 3.1% in the 4th quarter. Caprock Group LLC now owns 5,511 shares of the utilities provider’s stock worth $467,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $92.20 on Tuesday. The business’s 50-day simple moving average is $86.39 and its two-hundred day simple moving average is $88.07. Pinnacle West Capital Co. has a 52 week low of $66.77 and a 52 week high of $95.42. The stock has a market cap of $10.48 billion, a PE ratio of 17.46, a P/E/G ratio of 3.59 and a beta of 0.57. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.895 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.58 dividend on an annualized basis and a yield of 3.88%. Pinnacle West Capital’s dividend payout ratio is presently 67.80%.

Analysts Set New Price Targets

PNW has been the subject of a number of research reports. Citigroup upped their price objective on Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. 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 research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price 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. Morgan Stanley decreased their price target on shares of 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. Finally, KeyCorp raised 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 research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.21.

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.