Are Analysts Bullish Pinnacle West Capital Corporation (NYSE:PNW) After Last Week?

May 25, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.26, from 1.3 in 2017Q3. It turned negative, as 31 investors sold Pinnacle West Capital Corporation shares while 140 reduced holdings. 51 funds opened positions while 127 raised stakes. 89.70 million shares or 0.52% more from 89.24 million shares in 2017Q3 were reported.
Ajo Ltd Partnership owns 0.16% invested in Pinnacle West Capital Corporation (NYSE:PNW) for 440,625 shares. Advisory Serv Ltd invested in 4,102 shares. Zeke Advsr Limited reported 3,773 shares. Cornerstone Advsrs Incorporated holds 0.02% or 381 shares in its portfolio. World Invsts has 2.50 million shares for 0.05% of their portfolio. Sumitomo Mitsui Asset Mgmt owns 8,103 shares or 0.01% of their US portfolio. Schroder Investment Group Inc holds 0.01% in Pinnacle West Capital Corporation (NYSE:PNW) or 52,677 shares. Vanguard Grp holds 0.05% or 12.14 million shares. Guardian Life Insurance Company Of America, a New York-based fund reported 361 shares. Fjarde Ap reported 21,170 shares. Exxonmobil Inv Inc Tx holds 0.04% or 17,766 shares. Mufg Americas Holdings invested 0.08% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Los Angeles Mgmt & Equity Research Inc owns 73,564 shares or 0.03% of their US portfolio. Fmr Ltd Com stated it has 676,402 shares or 0.01% of all its holdings. Moreover, Boothbay Fund Ltd Liability Corporation has 0.04% invested in Pinnacle West Capital Corporation (NYSE:PNW).

Since December 14, 2017, it had 0 insider buys, and 6 insider sales for $5.86 million activity. The insider MUNRO KATHRYN L sold 2,666 shares worth $200,910. BRANDT DONALD E sold 24,216 shares worth $1.92 million. Falck David P also sold $400,815 worth of Pinnacle West Capital Corporation (NYSE:PNW) on Thursday, December 14. Another trade for 2,145 shares valued at $163,320 was made by HATFIELD JOHN S. on Tuesday, March 13.

Pinnacle West Capital Corporation (NYSE:PNW) Ratings Coverage

Among 7 analysts covering Pinnacle West Capital Corp (NYSE:PNW), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Pinnacle West Capital Corp had 28 analyst reports since December 4, 2017 according to SRatingsIntel. SunTrust maintained Pinnacle West Capital Corporation (NYSE:PNW) on Monday, March 19 with “Hold” rating. The rating was downgraded by Bank of America to “Underperform” on Wednesday, January 3. The rating was maintained by SunTrust with “Hold” on Tuesday, January 16. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, March 8 report. As per Monday, February 26, the company rating was downgraded by Wells Fargo. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $88.0 target. Morgan Stanley maintained the shares of PNW in report on Monday, April 16 with “Equal-Weight” rating. As per Tuesday, February 13, the company rating was upgraded by Morgan Stanley. The stock has “Hold” rating by SunTrust on Monday, April 2. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Hold” rating given on Monday, February 12 by SunTrust. Below is a list of Pinnacle West Capital Corporation (NYSE:PNW) latest ratings and price target changes.

08/05/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Old Target: $85 New Target: $87 Upgrade
04/05/2018 Broker: Bank of America Rating: Hold New Target: $86.0000 Upgrade
23/04/2018 Broker: SunTrust Rating: Hold New Target: $83.0000 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $80 New Target: $84 Maintain
11/04/2018 Broker: SunTrust Rating: Hold New Target: $82.0000 Maintain
02/04/2018 Broker: SunTrust Rating: Hold New Target: $84.0000 Maintain
26/03/2018 Broker: SunTrust Rating: Hold New Target: $81.0000 Maintain
19/03/2018 Broker: SunTrust Rating: Hold New Target: $82.0 Maintain
08/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $84 New Target: $80 Maintain
08/03/2018 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Upgrade

The stock increased 0.45% or $0.35 during the last trading session, reaching $78.37. About 360,432 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has declined 5.67% since May 25, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company has market cap of $8.77 billion. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. It has a 18.02 P/E ratio. The firm serves approximately 1.2 million customers.

More recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for Packaging Corporation of America, M&T Bank, Pinnacle West …” on May 14, 2018. Also Seekingalpha.com published the news titled: “Pinnacle West Capital (PNW) Investor Presentation – Slideshow” on May 23, 2018. Benzinga.com‘s news article titled: “Pinnacle West Upgraded By BofA On Valuation” with publication date: May 05, 2018 was also an interesting one.

Pinnacle West Capital Corporation (NYSE:PNW) Institutional Positions Chart

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