iSAM Funds UK Ltd Buys New Shares in Pinnacle West Capital Corporation $PNW

iSAM Funds UK Ltd bought a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,866 shares of the utilities provider’s stock, valued at approximately $2,409,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research note on Thursday, February 26th. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price objective on shares of Pinnacle West Capital in a report on Friday, January 23rd. Barclays reduced their price objective on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, TD Cowen raised their target price on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.08.

Pinnacle West Capital Price Performance

PNW opened at $102.90 on Friday. The firm has a market capitalization of $12.44 billion, a P/E ratio of 20.34, a PEG ratio of 3.72 and a beta of 0.54. The stock has a fifty day moving average of $95.83 and a 200-day moving average of $91.42. 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 12-month low of $85.32 and a 12-month high of $103.42.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $1.13 billion for 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

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.