Pinnacle West Capital (NYSE:PNW) received a $82.00 target price from investment analysts at SunTrust Banks in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price objective indicates a potential upside of 9.10% from the company’s current price.

PNW has been the subject of a number of other research reports. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Pinnacle West Capital in a research note on Thursday, February 1st. Zacks Investment Research lowered Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Bank of America lowered Pinnacle West Capital from a “neutral” rating to an “underperform” rating and set a $84.00 price objective for the company. in a research note on Wednesday, January 3rd. ValuEngine lowered Pinnacle West Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Williams Capital reaffirmed a “hold” rating and issued a $84.00 price objective (down previously from $87.00) on shares of Pinnacle West Capital in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $86.00.

Shares of Pinnacle West Capital (PNW) opened at $75.16 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.90 and a quick ratio of 0.68. The company has a market capitalization of $8,684.76, a PE ratio of 16.23, a price-to-earnings-growth ratio of 5.55 and a beta of 0.27. Pinnacle West Capital has a 1 year low of $73.81 and a 1 year high of $92.48.

In related news, Chairman Donald E. Brandt sold 24,216 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $79.21, for a total transaction of $1,918,149.36. Following the completion of the transaction, the chairman now directly owns 94,358 shares of the company’s stock, valued at $7,474,097.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David P. Falck sold 4,500 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $89.07, for a total value of $400,815.00. Following the transaction, the executive vice president now directly owns 40,838 shares of the company’s stock, valued at $3,637,440.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,881 shares of company stock valued at $4,124,196. Corporate insiders own 0.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Magnetar Financial LLC boosted its stake in Pinnacle West Capital by 415.5% during the third quarter. Magnetar Financial LLC now owns 15,295 shares of the utilities provider’s stock valued at $1,293,000 after buying an additional 12,328 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Pinnacle West Capital by 6.3% during 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 during the last quarter. Legal & General Group Plc boosted its stake in Pinnacle West Capital by 5.7% during the third quarter. Legal & General Group Plc now owns 976,307 shares of the utilities provider’s stock valued at $82,555,000 after buying an additional 52,287 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Pinnacle West Capital by 594.9% during the second quarter. Lord Abbett & CO. LLC now owns 405,100 shares of the utilities provider’s stock valued at $34,498,000 after buying an additional 346,800 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in Pinnacle West Capital by 149.0% during the second quarter. Advisor Group Inc. now owns 4,686 shares of the utilities provider’s stock valued at $400,000 after buying an additional 2,804 shares during the last quarter. 81.89% of the stock is owned by institutional investors.

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Pinnacle West Capital 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.

Analyst Recommendations for Pinnacle West Capital (NYSE:PNW)

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