Vise Technologies Inc. Purchases Shares of 6,529 Pinnacle West Capital Corporation $PNW

Vise Technologies Inc. acquired a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,529 shares of the utilities provider’s stock, valued at approximately $584,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its position in Pinnacle West Capital by 34.4% during the 2nd quarter. Allworth Financial LP now owns 1,048 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 268 shares during the last quarter. ProShare Advisors LLC lifted its position in Pinnacle West Capital by 10.6% in the second quarter. ProShare Advisors LLC now owns 27,400 shares of the utilities provider’s stock valued at $2,451,000 after purchasing an additional 2,615 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Pinnacle West Capital by 34.1% during the second quarter. Profund Advisors LLC now owns 6,004 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 1,526 shares during the period. SFE Investment Counsel boosted its stake in shares of Pinnacle West Capital by 25.8% during the second quarter. SFE Investment Counsel now owns 23,310 shares of the utilities provider’s stock valued at $2,086,000 after purchasing an additional 4,775 shares during the period. Finally, Midwest Trust Co bought a new position in shares of Pinnacle West Capital in the second quarter worth approximately $17,851,000. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Pinnacle West Capital stock opened at $88.30 on Friday. Pinnacle West Capital Corporation has a fifty-two week low of $81.47 and a fifty-two week high of $96.50. The stock’s 50 day simple moving average is $89.38 and its two-hundred day simple moving average is $90.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 9.23 and a beta of 0.50.

Pinnacle West Capital (NYSE:PNW) last released 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. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the business posted $3.37 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, analysts expect that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be issued 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 dividend yield of 4.1%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

Wall Street Analyst Weigh In

PNW has been the subject of a number of recent analyst reports. Argus dropped 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 research report on Tuesday, September 30th. TD Cowen initiated coverage on shares of Pinnacle West Capital in a research note on Thursday, October 16th. They set a “hold” rating and a $97.00 price objective for the company. KeyCorp cut their target price on Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Wednesday, October 8th. Finally, Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital presently has an average rating of “Hold” and an average price target of $97.54.

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.