Teacher Retirement System of Texas Sells 5,968 Shares of Pinnacle West Capital Corporation $PNW

Teacher Retirement System of Texas reduced its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,232 shares of the utilities provider’s stock after selling 5,968 shares during the quarter. Teacher Retirement System of Texas’ holdings in Pinnacle West Capital were worth $2,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PNW. CYBER HORNET ETFs LLC bought a new position in shares of Pinnacle West Capital in the second quarter worth about $27,000. Caldwell Trust Co bought a new position in shares of Pinnacle West Capital during the 2nd quarter valued at approximately $27,000. Bayforest Capital Ltd purchased a new stake in Pinnacle West Capital in the 3rd quarter worth approximately $29,000. Quent Capital LLC bought a new stake in Pinnacle West Capital during the 3rd quarter worth approximately $30,000. Finally, Ameritas Advisory Services LLC bought a new stake in Pinnacle West Capital during the 2nd quarter worth approximately $31,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Trading Up 0.5%

Shares of Pinnacle West Capital stock opened at $93.51 on Friday. Pinnacle West Capital Corporation has a twelve month low of $85.03 and a twelve month high of $96.50. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $89.78 and a 200-day moving average price of $89.99. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 5.57 and a beta of 0.55.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company earned $3.37 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. Equities research analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.9%. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PNW shares. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. TD Cowen started coverage on Pinnacle West Capital in a research note on Thursday, October 16th. They issued a “hold” rating and a $97.00 price target for the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $103.00 price target on shares of Pinnacle West Capital in a report on Friday, January 23rd. Morgan Stanley reaffirmed an “underperform” rating on shares of Pinnacle West Capital in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company cut their target price on Pinnacle West Capital from $92.00 to $91.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $96.42.

About Pinnacle West Capital

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.