Pinnacle West Capital Corporation (PNW) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 58.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,036 shares of the utilities provider’s stock after selling 8,488 shares during the quarter. HighTower Advisors LLC’s holdings in Pinnacle West Capital Corporation were worth $515,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WealthTrust Arizona LLC increased its position in 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 in the last quarter. Wedbush Securities Inc. boosted its holdings in Pinnacle West Capital Corporation by 0.3% in the 2nd quarter. Wedbush Securities Inc. now owns 8,736 shares of the utilities provider’s stock worth $744,000 after acquiring an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Pinnacle West Capital Corporation by 0.4% in 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 acquiring an additional 29 shares during the period. ING Groep NV boosted its holdings in Pinnacle West Capital Corporation by 0.6% in the 2nd quarter. ING Groep NV now owns 5,708 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 34 shares during the period. Finally, Eqis Capital Management Inc. boosted its holdings in Pinnacle West Capital Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,928 shares of the utilities provider’s stock worth $334,000 after acquiring an additional 39 shares during the period. 84.16% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. BidaskClub cut Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Monday, July 24th. Morgan Stanley upped their price target on Pinnacle West Capital Corporation from $79.00 to $83.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BMO Capital Markets restated a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $84.00 price target on shares of Pinnacle West Capital Corporation in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.78.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/18/pinnacle-west-capital-corporation-pnw-shares-sold-by-hightower-advisors-llc.html.

Pinnacle West Capital Corporation (NYSE:PNW) opened at 87.76 on Wednesday. The stock’s 50 day moving average price is $87.61 and its 200 day moving average price is $86.77. The stock has a market capitalization of $9.80 billion, a PE ratio of 19.38 and a beta of 0.36. Pinnacle West Capital Corporation has a 1-year low of $70.86 and a 1-year 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.33. Pinnacle West Capital Corporation had a return on equity of 10.20% and a net margin of 14.37%. The company had revenue of $944.59 million for the quarter, compared to analyst estimates of $921.79 million. During the same quarter last year, the firm earned $1.08 EPS. Pinnacle West Capital Corporation’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts forecast that Pinnacle West Capital Corporation will post $4.26 earnings per share for the current year.

In other news, Director Kathryn L. Munro sold 1,806 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $90.28, for a total transaction of $163,045.68. Following the sale, the director now owns 17,852 shares of the company’s stock, valued at approximately $1,611,678.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David P. Falck so

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WealthTrust Arizona LLC increased its position in 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 in the last quarter. Wedbush Securities Inc. boosted its holdings in Pinnacle West Capital Corporation by 0.3% in the 2nd quarter. Wedbush Securities Inc. now owns 8,736 shares of the utilities provider’s stock worth $744,000 after acquiring an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Pinnacle West Capital Corporation by 0.4% in 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 acquiring an additional 29 shares during the period. ING Groep NV boosted its holdings in Pinnacle West Capital Corporation by 0.6% in the 2nd quarter. ING Groep NV now owns 5,708 shares of the utilities provider’s stock worth $486,000 after acquiring an additional 34 shares during the period. Finally, Eqis Capital Management Inc. boosted its holdings in Pinnacle West Capital Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,928 shares of the utilities provider’s stock worth $334,000 after acquiring an additional 39 shares during the period. 84.16% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. BidaskClub cut Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Monday, July 24th. Morgan Stanley upped their price target on Pinnacle West Capital Corporation from $79.00 to $83.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BMO Capital Markets restated a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $84.00 price target on shares of Pinnacle West Capital Corporation in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.78.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/18/pinnacle-west-capital-corporation-pnw-shares-sold-by-hightower-advisors-llc.html.

Pinnacle West Capital Corporation (NYSE:PNW) opened at 87.76 on Wednesday. The stock’s 50 day moving average price is $87.61 and its 200 day moving average price is $86.77. The stock has a market capitalization of $9.80 billion, a PE ratio of 19.38 and a beta of 0.36. Pinnacle West Capital Corporation has a 1-year low of $70.86 and a 1-year 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.33. Pinnacle West Capital Corporation had a return on equity of 10.20% and a net margin of 14.37%. The company had revenue of $944.59 million for the quarter, compared to analyst estimates of $921.79 million. During the same quarter last year, the firm earned $1.08 EPS. Pinnacle West Capital Corporation’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts forecast that Pinnacle West Capital Corporation will post $4.26 earnings per share for the current year.

In other news, Director Kathryn L. Munro sold 1,806 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $90.28, for a total transaction of $163,045.68. Following the sale, the director now owns 17,852 shares of the company’s stock, valued at approximately $1,611,678.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David P. Falck sold 4,600 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $89.98, for a total value of $413,908.00. Following the sale, the executive vice president now directly owns 42,840 shares in the company, valued at approximately $3,854,743.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,419 shares of company stock worth $3,713,068 in the last three months. 0.70% of the stock is owned by insiders.

About Pinnacle West Capital Corporation

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.

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

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