SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Purchases Shares of 2,800 Pinnacle West Capital Corporation $PNW

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,800 shares of the utilities provider’s stock, valued at approximately $260,000.

Several other hedge funds have also recently made changes to their positions in PNW. Clearstead Trust LLC purchased a new position in Pinnacle West Capital in the 1st quarter worth $25,000. Costello Asset Management INC acquired a new position in shares of Pinnacle West Capital in the first quarter valued at about $26,000. Ameritas Advisory Services LLC purchased a new position in shares of Pinnacle West Capital in the second quarter worth about $31,000. Brooklyn Investment Group lifted its holdings in shares of Pinnacle West Capital by 440.0% during the first quarter. Brooklyn Investment Group now owns 486 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 396 shares during the period. Finally, CNB Bank purchased a new stake in Pinnacle West Capital in the second quarter valued at approximately $64,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho lowered shares of Pinnacle West Capital from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $102.00 to $90.00 in a report on Tuesday, September 9th. Wells Fargo & Company raised Pinnacle West Capital to a “hold” rating in a report on Tuesday, October 28th. KeyCorp dropped their target price on Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Argus lowered their price objective on Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Finally, Zacks Research raised shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $97.54.

Pinnacle West Capital Trading Down 0.8%

PNW stock opened at $88.71 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 1.25. Pinnacle West Capital Corporation has a 12-month low of $81.47 and a 12-month high of $96.50. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 9.23 and a beta of 0.50. The business’s 50-day moving average is $89.46 and its 200 day moving average is $90.20.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, sell-side analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 3rd. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s payout ratio is 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.