Pinnacle West Capital Corporation $PNW Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 109.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,417 shares of the utilities provider’s stock after buying an additional 7,009 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Pinnacle West Capital were worth $1,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PNW. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Pinnacle West Capital during the third quarter valued at $16,292,000. Y Intercept Hong Kong Ltd lifted its stake in Pinnacle West Capital by 164.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock worth $4,012,000 after acquiring an additional 27,832 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Pinnacle West Capital by 556.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock worth $1,633,000 after acquiring an additional 15,434 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in Pinnacle West Capital in the 3rd quarter worth about $2,234,000. Finally, AE Wealth Management LLC lifted its stake in Pinnacle West Capital by 9.1% in the 3rd quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock worth $13,658,000 after acquiring an additional 12,732 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Stock Up 0.1%

Shares of Pinnacle West Capital stock opened at $99.84 on Wednesday. The business has a fifty day simple moving average of $101.49 and a 200 day simple moving average of $94.85. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The stock has a market cap of $12.10 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $104.92.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.30. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts predict that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Analyst Ratings Changes

Several research analysts have weighed in on PNW shares. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus set a $107.00 target price on Pinnacle West Capital in a research report on Thursday, February 26th. Citigroup increased their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Barclays increased their price objective on Pinnacle West Capital from $101.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley lowered their price objective on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.07.

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.