Pinnacle West Capital Corporation $PNW Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 29.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,249 shares of the utilities provider’s stock after selling 5,961 shares during the quarter. Xponance Inc.’s holdings in Pinnacle West Capital were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Pinnacle West Capital by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock valued at $1,322,482,000 after purchasing an additional 316,629 shares during the period. Invesco Ltd. increased its holdings in Pinnacle West Capital by 2.5% in the second quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider’s stock valued at $380,154,000 after buying an additional 102,778 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Pinnacle West Capital by 1.1% in the second quarter. Geode Capital Management LLC now owns 3,026,662 shares of the utilities provider’s stock worth $270,282,000 after acquiring an additional 33,216 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Pinnacle West Capital by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock worth $267,512,000 after acquiring an additional 203,136 shares in the last quarter. Finally, ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Pinnacle West Capital by 2.5% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,862,950 shares of the utilities provider’s stock valued at $256,148,000 after acquiring an additional 69,404 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $102.95 on Thursday. The company has a fifty day simple moving average of $94.02 and a 200-day simple moving average of $90.91. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.74 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $103.21.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.5%. Pinnacle West Capital’s payout ratio is 71.94%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNW. Zacks Research upgraded Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Wells Fargo & Company upped their target price on Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. BMO Capital Markets lifted their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Citigroup upped their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Company Profile

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.