Sequoia Financial Advisors LLC Sells 5,882 Shares of Pinnacle West Capital Corporation $PNW

Sequoia Financial Advisors LLC cut its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 47.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,408 shares of the utilities provider’s stock after selling 5,882 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Pinnacle West Capital were worth $575,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Pinnacle West Capital during the second quarter worth about $114,384,000. Vanguard Group Inc. increased its position in 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 valued at $1,322,482,000 after purchasing an additional 316,629 shares during the period. Treasurer of the State of North Carolina increased its position in 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 valued at $34,413,000 after purchasing an additional 216,984 shares during the period. Midwest Trust Co bought a new position in Pinnacle West Capital during the 2nd quarter worth approximately $17,851,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Pinnacle West Capital in the 3rd quarter worth approximately $16,292,000. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $92.06 on Monday. Pinnacle West Capital Corporation has a one year low of $84.28 and a one year high of $96.50. The company has a market cap of $11.02 billion, a PE ratio of 18.90, a P/E/G ratio of 5.52 and a beta of 0.55. The stock has a 50-day moving average of $89.33 and a 200-day moving average of $89.88. 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 (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $3.37 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. 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. On average, equities research analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 4.0%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays decreased 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 report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday. Morgan Stanley reissued an “underperform” rating on shares of Pinnacle West Capital in a research report on Wednesday. KeyCorp downgraded Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 target price on shares of Pinnacle West Capital in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $96.42.

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.