Barrow Hanley Mewhinney & Strauss LLC Grows Stock Holdings in Pinnacle West Capital Co. (NYSE:PNW)

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Pinnacle West Capital Co. (NYSE:PNW) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,864,993 shares of the utilities provider’s stock after acquiring an additional 37,768 shares during the quarter. Pinnacle West Capital makes up approximately 2.0% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 11th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 6.04% of Pinnacle West Capital worth $581,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PNW. YANKCOM Partnership purchased a new stake in Pinnacle West Capital in the fourth quarter worth about $29,000. Brown Lisle Cummings Inc. purchased a new stake in shares of Pinnacle West Capital in the 4th quarter worth approximately $38,000. Roble Belko & Company Inc bought a new position in shares of Pinnacle West Capital during the fourth quarter valued at approximately $42,000. Transcendent Capital Group LLC purchased a new position in Pinnacle West Capital during the fourth quarter valued at approximately $46,000. Finally, Allworth Financial LP lifted its holdings in Pinnacle West Capital by 125.9% during the fourth quarter. Allworth Financial LP now owns 655 shares of the utilities provider’s stock worth $56,000 after buying an additional 365 shares during the period. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

NYSE PNW opened at $94.23 on Friday. The stock’s fifty day moving average price is $90.28 and its 200 day moving average price is $88.96. Pinnacle West Capital Co. has a 1 year low of $70.73 and a 1 year high of $95.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 3.59 and a beta of 0.53.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts forecast that Pinnacle West Capital Co. will post 5.13 earnings per share for the current year.

Wall Street Analyst Weigh In

PNW has been the subject of several recent research reports. UBS Group boosted their price target on Pinnacle West Capital from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Wells Fargo & Company raised their price target on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Citigroup boosted their price objective 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. Jefferies Financial Group lowered their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Pinnacle West Capital has a consensus rating of “Moderate Buy” and an average price target of $95.17.

Pinnacle West Capital Profile

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.