Dimensional Fund Advisors LP raised its stake in Pinnacle West Capital Co. (NYSE:PNW) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 274,348 shares of the utilities provider’s stock after buying an additional 686 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of Pinnacle West Capital worth $23,200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Pinnacle West Capital by 6.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 539,272 shares of the utilities provider’s stock valued at $45,601,000 after buying an additional 32,194 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Pinnacle West Capital by 61.4% in the third quarter. WINTON GROUP Ltd now owns 10,671 shares of the utilities provider’s stock valued at $902,000 after buying an additional 4,058 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of Pinnacle West Capital by 348.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,403 shares of the utilities provider’s stock valued at $1,387,000 after buying an additional 12,747 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Pinnacle West Capital by 8.5% in the third quarter. Wells Fargo & Company MN now owns 666,093 shares of the utilities provider’s stock valued at $56,324,000 after buying an additional 52,099 shares in the last quarter. Finally, Twin Capital Management Inc. increased its holdings in shares of Pinnacle West Capital by 20.7% in the third quarter. Twin Capital Management Inc. now owns 43,140 shares of the utilities provider’s stock valued at $3,648,000 after buying an additional 7,390 shares in the last quarter. 82.74% of the stock is currently owned by institutional investors.

Shares of Pinnacle West Capital Co. (PNW) opened at $79.08 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.68 and a current ratio of 0.90. Pinnacle West Capital Co. has a one year low of $75.79 and a one year high of $92.48. The stock has a market cap of $8,840.00, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 5.66 and a beta of 0.38.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Friday, November 3rd. The utilities provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. Pinnacle West Capital had a net margin of 14.67% and a return on equity of 10.31%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $2.35 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities research analysts anticipate that Pinnacle West Capital Co. will post 4.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.52%. The ex-dividend date is Wednesday, January 31st. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 60.04%.

In other Pinnacle West Capital news, Director Michael L. Gallagher sold 2,012 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $89.37, for a total transaction of $179,812.44. Following the sale, the director now directly owns 12,786 shares of the company’s stock, valued at approximately $1,142,684.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald E. Brandt sold 18,153 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $89.54, for a total transaction of $1,625,419.62. Following the sale, the chief executive officer now directly owns 118,574 shares in the company, valued at $10,617,115.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,665 shares of company stock worth $2,206,047. Company insiders own 0.70% of the company’s stock.

Several research analysts have issued reports on PNW shares. Zacks Investment Research cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley upped their price target on Pinnacle West Capital from $90.00 to $91.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. ValuEngine cut Pinnacle West Capital from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Bank of America cut Pinnacle West Capital from a “neutral” rating to an “underperform” rating and set a $84.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $88.00 price target on shares of Pinnacle West Capital in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.00.

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Pinnacle West Capital 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 (NYSE:PNW)

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