AdvisorNet Financial Inc Sells 12,576 Shares of Pinnacle West Capital Corporation $PNW

AdvisorNet Financial Inc lowered its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 93.4% during the third quarter, Holdings Channel reports. The firm owned 894 shares of the utilities provider’s stock after selling 12,576 shares during the period. AdvisorNet Financial Inc’s holdings in Pinnacle West Capital were worth $80,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ATLAS Infrastructure Partners UK Ltd. grew its stake in Pinnacle West Capital by 230.5% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,793,546 shares of the utilities provider’s stock worth $266,085,000 after buying an additional 1,948,416 shares in the last quarter. Norges Bank acquired a new position in shares of Pinnacle West Capital in the 2nd quarter valued at approximately $114,384,000. Vanguard Group Inc. lifted its holdings in shares of Pinnacle West Capital by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after acquiring an additional 316,629 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Pinnacle West Capital by 129.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock worth $34,413,000 after acquiring an additional 216,984 shares in the last quarter. Finally, Midwest Trust Co acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter worth approximately $17,851,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Trading Up 0.4%

PNW opened at $88.36 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.67 and a quick ratio of 0.49. Pinnacle West Capital Corporation has a fifty-two week low of $81.47 and a fifty-two week high of $96.50. The company’s 50 day moving average price is $89.26 and its two-hundred day moving average price is $89.76. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 8.59 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.35. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. As a group, research analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 4.1%. Pinnacle West Capital’s payout ratio is presently 74.74%.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. UBS Group boosted their price target on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Morgan Stanley set a $85.00 price objective on Pinnacle West Capital in a research report on Tuesday, December 16th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 price objective on shares of Pinnacle West Capital in a research note on Monday, October 20th. Finally, Royal Bank Of Canada upgraded Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.58.

Pinnacle West Capital Company 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.