Tcfg Wealth Management LLC Invests $1.06 Million in Pinnacle West Capital Corporation $PNW

Tcfg Wealth Management LLC purchased a new position in Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, HoldingsChannel reports. The fund purchased 11,816 shares of the utilities provider’s stock, valued at approximately $1,059,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its stake in Pinnacle West Capital by 5.0% during the 3rd quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock valued at $1,421,407,000 after acquiring an additional 758,190 shares during the last quarter. Vanguard Group Inc. increased its position 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 worth $1,322,482,000 after purchasing an additional 316,629 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Pinnacle West Capital by 8.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after purchasing an additional 568,581 shares in the last quarter. Invesco Ltd. raised its stake in shares of Pinnacle West Capital by 2.5% in the 2nd quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider’s stock valued at $380,154,000 after purchasing an additional 102,778 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Pinnacle West Capital by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock worth $267,512,000 after purchasing an additional 203,136 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on PNW shares. KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Barclays reduced their target price on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Citigroup lifted their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wells Fargo & Company upped their price target on Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Finally, BMO Capital Markets raised their price objective on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $100.08.

Pinnacle West Capital Price Performance

PNW opened at $100.90 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $96.68 and its 200 day moving average price is $91.70. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.97. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54.

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

Pinnacle West Capital 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.