Pinnacle West Capital Corporation (PNW) Holdings Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky continued to hold its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,100 shares of the utilities provider’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pinnacle West Capital Corporation were worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC increased its stake in shares of Pinnacle West Capital Corporation by 0.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 1,253 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 9 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Pinnacle West Capital Corporation by 0.3% during the 2nd quarter. Wedbush Securities Inc. now owns 8,736 shares of the utilities provider’s stock worth $744,000 after purchasing an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Pinnacle West Capital Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,288 shares of the utilities provider’s stock worth $706,000 after purchasing an additional 29 shares during the last quarter. ING Groep NV increased its stake in shares of Pinnacle West Capital Corporation by 0.6% during the 2nd quarter. ING Groep NV now owns 5,708 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 34 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Pinnacle West Capital Corporation by 1.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,928 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 84.20% of the company’s stock.

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In other Pinnacle West Capital Corporation news, Chairman Donald E. Brandt sold 35,013 shares of Pinnacle West Capital Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $89.57, for a total value of $3,136,114.41. Following the sale, the chairman now owns 118,574 shares of the company’s stock, valued at $10,620,673.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathryn L. Munro sold 1,806 shares of Pinnacle West Capital Corporation stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $90.28, for a total transaction of $163,045.68. Following the completion of the sale, the director now directly owns 17,852 shares in the company, valued at approximately $1,611,678.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,419 shares of company stock worth $3,713,068. Insiders own 0.70% of the company’s stock.

Pinnacle West Capital Corporation (NYSE:PNW) opened at 85.80 on Wednesday. The company has a 50-day moving average of $87.92 and a 200-day moving average of $86.70. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 18.95 and a beta of 0.36. Pinnacle West Capital Corporation has a 52 week low of $70.86 and a 52 week high of $90.92.

Pinnacle West Capital Corporation (NYSE:PNW) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.16 by $0.33. The business had revenue of $944.59 million for the quarter, compared to analyst estimates of $921.79 million. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.20%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Equities research analysts forecast that Pinnacle West Capital Corporation will post $4.25 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Pinnacle West Capital Corporation from $79.00 to $83.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Pinnacle West Capital Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank Of Canada restated a “hold” rating and set a $89.00 price objective on shares of Pinnacle West Capital Corporation in a research note on Tuesday, August 29th. BMO Capital Markets reiterated a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Pinnacle West Capital Corporation Company Profile

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.

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

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