Pinnacle West Capital Corp. (NYSE:PNW) shares traded up 1.4% on Tuesday . The stock traded as high as $82.20 and last traded at $82.18, with a volume of 306,641 shares trading hands. The stock had previously closed at $81.08.

Several analysts recently issued reports on PNW shares. Zacks Investment Research raised shares of Pinnacle West Capital Corp. from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, March 15th. SunTrust Banks Inc. decreased their price objective on shares of Pinnacle West Capital Corp. from $75.00 to $74.00 in a report on Tuesday, April 12th. Barclays PLC increased their price target on shares of Pinnacle West Capital Corp. from $70.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, March 18th. Finally, Royal Bank Of Canada reissued a “sector perfor” rating and issued a $69.00 price target (down from $73.00) on shares of Pinnacle West Capital Corp. in a report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.11.

The company has a market cap of $9.17 billion and a PE ratio of 21.63. The firm’s 50-day moving average price is $76.22 and its 200 day moving average price is $71.35.

Pinnacle West Capital Corp. (NYSE:PNW) last released its quarterly earnings data on Friday, April 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.08. During the same period in the prior year, the company earned $0.14 earnings per share. The firm earned $677.20 million during the quarter, compared to the consensus estimate of $696.50 million. Pinnacle West Capital Corp.’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that Pinnacle West Capital Corp. will post $3.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, July 28th.

In other news, Director Denis A. Cortese sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $72.87, for a total value of $145,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert S. Bement sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $75.75, for a total value of $325,725.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its position in Pinnacle West Capital Corp. by 6.8% in the fourth quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,275,000 after buying an additional 2,260 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in Pinnacle West Capital Corp. by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 164,600 shares of the company’s stock valued at $10,737,000 after buying an additional 1,128 shares in the last quarter. Quantitative Investment Management LLC increased its position in Pinnacle West Capital Corp. by 154.7% in the fourth quarter. Quantitative Investment Management LLC now owns 19,100 shares of the company’s stock valued at $1,231,000 after buying an additional 11,600 shares in the last quarter. Bruderman Asset Management LLC increased its position in Pinnacle West Capital Corp. by 2.5% in the fourth quarter. Bruderman Asset Management LLC now owns 163,795 shares of the company’s stock valued at $10,561,000 after buying an additional 4,006 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Pinnacle West Capital Corp. by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,550,910 shares of the company’s stock valued at $615,842,000 after buying an additional 242,593 shares in the last quarter.

Pinnacle West Capital Corporation is a holding company that operates primarily through its subsidiaries. The Company operates through electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution.

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