SG Americas Securities LLC Cuts Stock Holdings in Pinnacle West Capital Corporation $PNW

SG Americas Securities LLC reduced its position in Pinnacle West Capital Corporation (NYSE:PNW) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,171 shares of the utilities provider’s stock after selling 5,830 shares during the period. SG Americas Securities LLC’s holdings in Pinnacle West Capital were worth $2,410,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Pinnacle West Capital in the 3rd quarter valued at about $16,292,000. Y Intercept Hong Kong Ltd increased its position in shares of Pinnacle West Capital by 164.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock worth $4,012,000 after acquiring an additional 27,832 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Pinnacle West Capital by 556.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock worth $1,633,000 after acquiring an additional 15,434 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Pinnacle West Capital in the third quarter worth about $2,234,000. Finally, AE Wealth Management LLC boosted its holdings in Pinnacle West Capital by 9.1% in the third quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock valued at $13,658,000 after purchasing an additional 12,732 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Price Performance

Shares of Pinnacle West Capital stock opened at $102.64 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $98.58 and a 200-day simple moving average of $92.67. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.77 and a beta of 0.49. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $103.97.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts expect that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PNW shares. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Citigroup lifted their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. BMO Capital Markets boosted their target price on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Finally, UBS Group upped their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.92.

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.