Bridgefront Capital LLC Has $1.04 Million Stock Holdings in Pinnacle West Capital Corporation $PNW

Bridgefront Capital LLC grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 121.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,627 shares of the utilities provider’s stock after acquiring an additional 6,388 shares during the quarter. Bridgefront Capital LLC’s holdings in Pinnacle West Capital were worth $1,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PNW. Caldwell Trust Co acquired a new stake in Pinnacle West Capital during the second quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $30,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Trading Up 1.4%

Shares of PNW stock opened at $102.90 on Friday. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $103.42. The stock’s fifty day simple moving average is $95.83 and its 200 day simple moving average is $91.43. 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 firm has a market capitalization of $12.44 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.78 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned ($0.06) earnings per share. The business’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. As a group, sell-side analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PNW. Morgan Stanley set a $96.00 price objective on Pinnacle West Capital in a research report on Friday, February 20th. Wells Fargo & Company boosted 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. Stifel Nicolaus set a $107.00 target price on shares of Pinnacle West Capital in a report on Thursday, February 26th. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, Citigroup lifted their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $100.08.

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.