Pinnacle West Capital Co. (NYSE:PNW) Receives Average Recommendation of “Moderate Buy” from Analysts

Pinnacle West Capital Co. (NYSE:PNW) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $95.17.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Citigroup raised their target price on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH upgraded shares of Pinnacle West Capital to a “strong-buy” rating in a research note on Monday, March 17th. 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 research report on Wednesday, December 4th. Finally, Morgan Stanley boosted their target price on Pinnacle West Capital from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday.

Pinnacle West Capital Trading Down 0.6 %

NYSE PNW opened at $93.67 on Friday. Pinnacle West Capital has a one year low of $70.73 and a one year high of $95.42. The firm has a market cap of $11.16 billion, a PE ratio of 17.74, a P/E/G ratio of 3.59 and a beta of 0.53. The firm’s fifty day moving average is $89.46 and its two-hundred day moving average is $88.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 0.71.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.25. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Institutional Investors Weigh In On Pinnacle West Capital

A number of hedge funds and other institutional investors have recently modified their holdings of PNW. YANKCOM Partnership acquired a new stake in shares of Pinnacle West Capital in the 4th quarter worth approximately $29,000. Canada Post Corp Registered Pension Plan acquired a new stake in Pinnacle West Capital in the fourth quarter valued at $35,000. Brown Lisle Cummings Inc. purchased a new position in shares of 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 4th quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Pinnacle West Capital in the 3rd quarter worth about $43,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Pinnacle West Capital

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.