Is Pinnacle West Capital Corporation (NYSE:PNW) a Buy? The Stock Reported more Sellers

Investors sentiment decreased to 1.19 in 2019 Q1. Its down 0.16, from 1.35 in 2018Q4. It is negative, as 36 investors sold Pinnacle West Capital Corporation shares while 123 reduced holdings. 51 funds opened positions while 138 raised stakes. 94.09 million shares or 0.85% more from 93.30 million shares in 2018Q4 were reported.
Lazard Asset Mgmt Limited Liability Corporation invested in 216,884 shares or 0.03% of the stock. Gradient Investments Ltd Limited Liability Company accumulated 100 shares. Cornerstone Advisors has 510 shares for 0% of their portfolio. Gabelli Funds Llc invested in 346,000 shares or 0.21% of the stock. Alliancebernstein L P has invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Louisiana State Employees Retirement Sys reported 0.03% in Pinnacle West Capital Corporation (NYSE:PNW). Invesco Ltd stated it has 0.08% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). New York-based Citigroup Inc has invested 0.02% in Pinnacle West Capital Corporation (NYSE:PNW). Tdam Usa owns 0.1% invested in Pinnacle West Capital Corporation (NYSE:PNW) for 15,282 shares. Hbk Sorce Advisory Limited Liability reported 2,251 shares. Cwm has 0.12% invested in Pinnacle West Capital Corporation (NYSE:PNW). Apg Asset Mngmt Nv reported 36,360 shares. Focused Wealth has 216 shares. Prudential Fincl Inc reported 0.02% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Moreover, Amer & Mngmt has 0.01% invested in Pinnacle West Capital Corporation (NYSE:PNW).

Since December 13, 2018, it had 0 buys, and 2 sales for $664,582 activity. $235,848 worth of Pinnacle West Capital Corporation (NYSE:PNW) shares were sold by FROETSCHER DANIEL T.

The stock of Pinnacle West Capital Corporation (NYSE:PNW) registered an increase of 9.95% in short interest. PNW’s total short interest was 4.81 million shares in June as published by FINRA. Its up 9.95% from 4.37M shares, reported previously. With 840,200 shares average volume, it will take short sellers 6 days to cover their PNW’s short positions.

The stock decreased 0.25% or $0.24 during the last trading session, reaching $97.44. About 238,155 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 21.91% since June 10, 2018 and is uptrending. It has outperformed by 17.48% the S&P500.

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 $10.94 billion. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. It has a 20.87 P/E ratio. The firm serves approximately 1.2 million homes and businesses.

Pinnacle West Capital Corporation (NYSE:PNW) Ratings Coverage

Among 6 analysts covering Pinnacle West Capital (NYSE:PNW), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Pinnacle West Capital had 12 analyst reports since January 11, 2019 according to SRatingsIntel. The company was maintained on Monday, February 25 by UBS. As per Friday, January 11, the company rating was downgraded by Goldman Sachs. The firm has “Buy” rating given on Monday, April 15 by Bank of America. The firm earned “Hold” rating on Wednesday, March 13 by Morgan Stanley. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Hold” rating by Bank of America on Monday, February 25. The stock has “Hold” rating by Barclays Capital on Wednesday, March 20. Credit Suisse maintained Pinnacle West Capital Corporation (NYSE:PNW) rating on Monday, February 25. Credit Suisse has “Outperform” rating and $100 target. Wells Fargo downgraded Pinnacle West Capital Corporation (NYSE:PNW) on Wednesday, January 30 to “Market Perform” rating.

More notable recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: which released: “Does Pinnacle West Capital Corporation (NYSE:PNW) Create Value For Shareholders? - Yahoo Finance” on June 04, 2019, also with their article: “Arizona voters say no to renewable energy initiative Prop 127 - Phoenix Business Journal” published on November 06, 2018, published: “The APS Battery Explosion Should Worry PNW, AES Investors - Seeking Alpha” on May 01, 2019. More interesting news about Pinnacle West Capital Corporation (NYSE:PNW) were released by: and their article: “Pinnacle West (PNW) Announces Executive Management Changes -” published on December 20, 2018 as well as‘s news article titled: “Pinnacle West Reports 2018 Full-Year and Fourth-Quarter Results - Business Wire” with publication date: February 22, 2019.

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