Entropy Technologies LP Acquires 7,913 Shares of Pinnacle West Capital Corporation $PNW

Entropy Technologies LP raised its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 57.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,764 shares of the utilities provider’s stock after acquiring an additional 7,913 shares during the quarter. Entropy Technologies LP’s holdings in Pinnacle West Capital were worth $1,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in shares of Pinnacle West Capital in the first quarter worth $25,000. Costello Asset Management INC bought a new position in shares of Pinnacle West Capital during the first quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new position in shares of Pinnacle West Capital in the second quarter worth approximately $31,000. Brooklyn Investment Group lifted its stake in shares of Pinnacle West Capital by 440.0% in the first quarter. Brooklyn Investment Group now owns 486 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 396 shares during the period. Finally, CNB Bank bought a new stake in Pinnacle West Capital in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Argus lowered their price target on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. BMO Capital Markets reissued a “market perform” rating and set a $99.00 target price on shares of Pinnacle West Capital in a research note on Monday, October 20th. KeyCorp cut their price target on shares of Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. TD Cowen began coverage on Pinnacle West Capital in a report on Thursday, October 16th. They set a “hold” rating and a $97.00 price target for the company. Finally, Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.38.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $89.12 on Friday. Pinnacle West Capital Corporation has a one year low of $81.47 and a one year high of $96.50. The company has a market cap of $10.67 billion, a PE ratio of 18.38, a P/E/G ratio of 9.23 and a beta of 0.50. The stock has a 50-day moving average of $89.50 and a 200-day moving average of $90.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.37.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.35. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. On average, equities research analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.91 per share. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.90. The ex-dividend date is Monday, November 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 4.1%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.