Morgan Stanley Has Just Reaffirmed $84 Target Price Per Share on Pinnacle West Capital (NYSE:PNW) stock, While They’ve Also Reiterated Their Equal-Weight Rating

April 17, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.26, from 1.3 in 2017Q3. It is 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.

Reaves W H Co owns 572,596 shares. Advantus Cap Mngmt holds 0.04% or 20,402 shares in its portfolio. Highstreet Asset Mgmt invested 0% in Pinnacle West Capital Corporation (NYSE:PNW). Mutual Of America Mgmt Ltd Limited Liability Company owns 12,824 shares for 0.02% of their portfolio. Toronto Dominion Savings Bank holds 0.01% or 48,122 shares in its portfolio. North Point Portfolio Managers Corp Oh stated it has 0.05% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Daiwa Grp Inc invested 0% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Alliancebernstein Ltd Partnership has invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Finance Svcs has 0% invested in Pinnacle West Capital Corporation (NYSE:PNW). Price T Rowe Incorporated Md invested in 0% or 204,712 shares. Amalgamated Natl Bank reported 0.05% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Monetary Management Inc holds 0.01% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW) for 400 shares. Qs Investors Lc owns 63,567 shares. Bnp Paribas Asset Mgmt reported 24,356 shares. Bluemountain Mgmt Limited Liability Company reported 4,855 shares.

Since December 14, 2017, it had 0 insider purchases, and 6 sales for $5.86 million activity. Falck David P sold 4,500 shares worth $400,815. HERBERGER ROY A JR sold $162,108 worth of stock or 2,126 shares. 2,666 Pinnacle West Capital Corporation (NYSE:PNW) shares with value of $200,910 were sold by MUNRO KATHRYN L. 2,145 Pinnacle West Capital Corporation (NYSE:PNW) shares with value of $163,320 were sold by HATFIELD JOHN S..

Pinnacle West Capital (NYSE:PNW) Rating Reaffirmed

New York: In a report issued to investors and clients on 16 April, Morgan Stanley reconfirmed their Equal-Weight rating on Pinnacle West Capital (NYSE:PNW) shares. They now have a $84 target price on the company. Morgan Stanley’s target would suggest a potential upside of 5.37 % from the company’s current stock price.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.26, from 1.3 in 2017Q3. It is 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.

Reaves W H Co owns 572,596 shares. Advantus Cap Mngmt holds 0.04% or 20,402 shares in its portfolio. Highstreet Asset Mgmt invested 0% in Pinnacle West Capital Corporation (NYSE:PNW). Mutual Of America Mgmt Ltd Limited Liability Company owns 12,824 shares for 0.02% of their portfolio. Toronto Dominion Savings Bank holds 0.01% or 48,122 shares in its portfolio. North Point Portfolio Managers Corp Oh stated it has 0.05% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Daiwa Grp Inc invested 0% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Alliancebernstein Ltd Partnership has invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Finance Svcs has 0% invested in Pinnacle West Capital Corporation (NYSE:PNW). Price T Rowe Incorporated Md invested in 0% or 204,712 shares. Amalgamated Natl Bank reported 0.05% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Monetary Management Inc holds 0.01% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW) for 400 shares. Qs Investors Lc owns 63,567 shares. Bnp Paribas Asset Mgmt reported 24,356 shares. Bluemountain Mgmt Limited Liability Company reported 4,855 shares.

Since December 14, 2017, it had 0 insider purchases, and 6 sales for $5.86 million activity. Falck David P sold 4,500 shares worth $400,815. HERBERGER ROY A JR sold $162,108 worth of stock or 2,126 shares. 2,666 Pinnacle West Capital Corporation (NYSE:PNW) shares with value of $200,910 were sold by MUNRO KATHRYN L. 2,145 Pinnacle West Capital Corporation (NYSE:PNW) shares with value of $163,320 were sold by HATFIELD JOHN S..

Pinnacle West Capital Corporation (NYSE:PNW) Ratings Coverage

Among 7 analysts covering Pinnacle West Capital Corp (NYSE:PNW), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Pinnacle West Capital Corp has $95.0 highest and $80 lowest target. $83.50’s average target is 4.74% above currents $79.72 stock price. Pinnacle West Capital Corp had 29 analyst reports since October 18, 2017 according to SRatingsIntel. As per Sunday, January 28, the company rating was maintained by SunTrust. Morgan Stanley maintained it with “Underweight” rating and $91 target in Wednesday, December 13 report. As per Tuesday, December 26, the company rating was maintained by SunTrust. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, February 26 report. Morgan Stanley maintained it with “Equal-Weight” rating and $80 target in Thursday, March 8 report. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) on Thursday, February 1 with “Hold” rating. The firm has “Hold” rating by SunTrust given on Friday, February 23. The company was maintained on Monday, April 16 by Morgan Stanley. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Hold” rating by SunTrust on Monday, February 5. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Hold” rating by SunTrust on Monday, December 11.

The stock increased 0.54% or $0.43 during the last trading session, reaching $79.72. About 153,507 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has declined 5.67% since April 17, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Analysts await Pinnacle West Capital Corporation (NYSE:PNW) to report earnings on May, 1. They expect $0.15 earnings per share, down 28.57 % or $0.06 from last year’s $0.21 per share. PNW’s profit will be $16.79 million for 132.87 P/E if the $0.15 EPS becomes a reality. After $0.19 actual earnings per share reported by Pinnacle West Capital Corporation for the previous quarter, Wall Street now forecasts -21.05 % negative EPS growth.

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 $8.92 billion. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. It has a 18.33 P/E ratio. The firm serves approximately 1.2 million customers.

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

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