Pinnacle West Cap Corp (PNW) Holder American Century Companies INC Has Upped Stake by $22.72 Million as Shares Declined

Investors sentiment increased to 1.59 in 2019 Q2. Its up 0.40, from 1.19 in 2019Q1. It improved, as 19 investors sold PNW shares while 110 reduced holdings. 57 funds opened positions while 148 raised stakes. 95.00 million shares or 0.97% more from 94.09 million shares in 2019Q1 were reported. Wells Fargo And Mn reported 1.57M shares. E&G Limited Partnership has invested 0.18% in Pinnacle West Capital Corporation (NYSE:PNW). Nomura Asset Ltd has 41,713 shares for 0.04% of their portfolio. Amica Mutual Ins accumulated 0.16% or 13,245 shares. Vident Investment Advisory Limited Liability, Georgia-based fund reported 7,648 shares. Bokf Na holds 52,781 shares or 0.12% of its portfolio. Voloridge Management Lc holds 0.12% or 47,478 shares in its portfolio. 500 are held by Sandy Spring Fincl Bank. Monetary Management Incorporated owns 400 shares or 0.01% of their US portfolio. Boothbay Fund Ltd Liability owns 2,888 shares or 0.02% of their US portfolio. Bnp Paribas Arbitrage Sa holds 105,789 shares or 0% of its portfolio. Bnp Paribas Asset Mgmt Sa has invested 0.01% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Van Eck Associates holds 0.01% in Pinnacle West Capital Corporation (NYSE:PNW) or 11,076 shares. Aviance Cap Prtn Ltd accumulated 0.06% or 2,200 shares. Naples Glob Advsr Ltd has invested 0.15% in Pinnacle West Capital Corporation (NYSE:PNW).

American Century Companies Inc increased its stake in Pinnacle West Cap Corp (PNW) by 6.64% based on its latest 2019Q2 regulatory filing with the SEC. American Century Companies Inc bought 241,750 shares as the company’s stock declined 3.04% . The institutional investor held 3.88 million shares of the central company at the end of 2019Q2, valued at $365.15M, up from 3.64 million at the end of the previous reported quarter. American Century Companies Inc who had been investing in Pinnacle West Cap Corp for a number of months, seems to be bullish on the $10.45 billion market cap company. The stock decreased 0.26% or $0.24 during the last trading session, reaching $93.04. About 456,263 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 13.67% since September 13, 2018 and is uptrending. It has outperformed by 13.67% the S&P500.

American Century Companies Inc, which manages about $100.48B US Long portfolio, decreased its stake in Sysco Corp (NYSE:SYY) by 224,276 shares to 4.32M shares, valued at $305.72M in 2019Q2, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKA) by 45 shares in the quarter, leaving it with 225 shares, and cut its stake in Deckers Outdoor Corp (NYSE:DECK).

More notable recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: Bizjournals.com which released: “APS promotes executive to financial leadership position – Phoenix Business Journal” on June 26, 2019, also Finance.Yahoo.com with their article: “Do Institutions Own Shares In Pinnacle West Capital Corporation (NYSE:PNW)? – Yahoo Finance” published on July 17, 2019, Finance.Yahoo.com published: “Here is What Hedge Funds Think About Pinnacle West Capital Corporation (PNW) – Yahoo Finance” on June 19, 2019. More interesting news about Pinnacle West Capital Corporation (NYSE:PNW) were released by: Bizjournals.com and their article: “Arizona’s most-profitable public companies raked in billions in 2018 – Phoenix Business Journal” published on July 15, 2019 as well as Bizjournals.com‘s news article titled: “APS, Pinnacle West CEO Don Brandt to retire in November – Phoenix Business Journal” with publication date: August 21, 2019.

Pinnacle West Capital Corporation (NYSE:PNW) Ratings Coverage

Among 5 analysts covering Pinnacle West Capital Corp (NYSE:PNW), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Pinnacle West Capital Corp has $105 highest and $9000 lowest target. $97.80’s average target is 5.12% above currents $93.04 stock price. Pinnacle West Capital Corp had 6 analyst reports since March 20, 2019 according to SRatingsIntel. On Friday, August 9 the stock rating was maintained by SunTrust with “Hold”. Barclays Capital maintained the shares of PNW in report on Wednesday, March 20 with “Hold” rating. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Buy” rating given on Monday, April 15 by Bank of America. UBS maintained Pinnacle West Capital Corporation (NYSE:PNW) on Monday, August 12 with “Neutral” rating. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, June 12.

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

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