TABR Capital Management LLC Invests $787,000 in Pinnacle West Capital Corporation $PNW

TABR Capital Management LLC bought a new position in Pinnacle West Capital Corporation (NYSE:PNW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,872 shares of the utilities provider’s stock, valued at approximately $787,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in Pinnacle West Capital during the second quarter valued at about $114,384,000. Capital Research Global Investors increased its position in Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after buying an additional 758,190 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Pinnacle West Capital by 8.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock worth $647,679,000 after buying an additional 568,581 shares during the period. Vanguard Group Inc. raised its stake in shares of Pinnacle West Capital by 2.2% in the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after buying an additional 316,629 shares during the period. Finally, Reaves W H & Co. Inc. lifted its position in shares of Pinnacle West Capital by 21.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock valued at $161,757,000 after buying an additional 316,193 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $97.42 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $103.97. The stock has a 50-day moving average price of $97.06 and a 200 day moving average price of $91.85. The stock has a market capitalization of $11.78 billion, a P/E ratio of 19.25, a P/E/G ratio of 3.57 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned ($0.06) EPS. The firm’s quarterly revenue 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. Equities research analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PNW. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a research note on Thursday, February 26th. UBS Group raised their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Wells Fargo & Company upped their price target on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley set a $96.00 price objective on shares of Pinnacle West Capital in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.