Pinnacle West Capital Corporation $PNW Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC raised its position in Pinnacle West Capital Corporation (NYSE:PNW) by 9.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 152,331 shares of the utilities provider’s stock after purchasing an additional 12,732 shares during the period. AE Wealth Management LLC’s holdings in Pinnacle West Capital were worth $13,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Gateway Investment Advisers LLC lifted its stake in shares of Pinnacle West Capital by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after acquiring an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Pinnacle West Capital by 27.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 117 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Pinnacle West Capital by 0.9% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 13,516 shares of the utilities provider’s stock valued at $1,209,000 after purchasing an additional 122 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after buying an additional 140 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in shares of Pinnacle West Capital by 2.9% during the third quarter. 1620 Investment Advisors Inc. now owns 5,165 shares of the utilities provider’s stock worth $463,000 after buying an additional 148 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Trading Down 0.7%

NYSE PNW opened at $92.99 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. Pinnacle West Capital Corporation has a one year low of $85.03 and a one year high of $96.50. The company has a 50-day simple moving average of $89.69 and a 200-day simple moving average of $89.97. The firm has a market capitalization of $11.13 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 5.61 and a beta of 0.55.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company posted $3.37 earnings per share. Pinnacle West Capital’s 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 analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a dividend of $0.91 per share. The ex-dividend date is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.9%. Pinnacle West Capital’s payout ratio is currently 74.74%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PNW shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 price target on shares of Pinnacle West Capital in a report on Monday, October 20th. UBS Group boosted their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Barclays reduced their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.