Fuller & Thaler Asset Management Inc. Buys 643 Shares of Pinnacle West Capital Corporation $PNW

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,548 shares of the utilities provider’s stock after purchasing an additional 643 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Pinnacle West Capital were worth $3,386,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Pinnacle West Capital by 2.0% in the first quarter. Vanguard Group Inc. now owns 14,464,661 shares of the utilities provider’s stock valued at $1,377,759,000 after acquiring an additional 283,752 shares during the period. Deutsche Bank AG boosted its position in shares of Pinnacle West Capital by 33.4% in the fourth quarter. Deutsche Bank AG now owns 2,435,065 shares of the utilities provider’s stock valued at $206,420,000 after acquiring an additional 610,042 shares during the period. Reaves W H & Co. Inc. boosted its position in shares of Pinnacle West Capital by 8.5% in the first quarter. Reaves W H & Co. Inc. now owns 1,509,511 shares of the utilities provider’s stock valued at $143,781,000 after acquiring an additional 118,796 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Pinnacle West Capital by 27.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,146,185 shares of the utilities provider’s stock valued at $97,162,000 after acquiring an additional 245,003 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Pinnacle West Capital by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,104,560 shares of the utilities provider’s stock valued at $105,203,000 after acquiring an additional 110,674 shares during the period. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 0.2%

Shares of PNW stock opened at $92.2450 on Thursday. The stock has a market cap of $11.02 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 9.50 and a beta of 0.38. Pinnacle West Capital Corporation has a one year low of $81.47 and a one year high of $96.50. The stock has a fifty day moving average price of $90.84 and a 200 day moving average price of $91.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.37.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.Pinnacle West Capital’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.76 earnings per share. Analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 1st will be paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, August 1st. Pinnacle West Capital’s dividend payout ratio is currently 73.81%.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,496 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $92.37, for a total transaction of $600,035.52. Following the completion of the transaction, the executive vice president directly owned 56 shares in the company, valued at $5,172.72. This represents a 99.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PNW. UBS Group reissued a “neutral” rating and issued a $98.00 price objective (up from $96.00) on shares of Pinnacle West Capital in a research report on Friday, July 11th. Barclays reduced their price objective on Pinnacle West Capital from $94.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. KeyCorp reduced their price objective on Pinnacle West Capital from $101.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, July 16th. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company raised their target price on Pinnacle West Capital from $95.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $97.00.

About Pinnacle West Capital

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.