AXQ Capital LP Has $816,000 Holdings in Pinnacle West Capital Corporation $PNW

AXQ Capital LP boosted its position in Pinnacle West Capital Corporation (NYSE:PNW) by 243.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,205 shares of the utilities provider’s stock after buying an additional 6,521 shares during the period. AXQ Capital LP’s holdings in Pinnacle West Capital were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PNW. Norges Bank acquired a new position in Pinnacle West Capital in the fourth quarter valued at $140,468,000. Capital Research Global Investors lifted its holdings in Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock valued at $1,421,407,000 after buying an additional 758,190 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Pinnacle West Capital by 8.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after buying an additional 568,581 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Pinnacle West Capital by 133.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock valued at $81,665,000 after buying an additional 526,212 shares during the period. Finally, Reaves W H & Co. Inc. lifted its holdings in Pinnacle West Capital by 21.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock valued at $161,757,000 after buying an additional 316,193 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. This represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Pinnacle West Capital Trading Up 1.3%

NYSE:PNW opened at $98.72 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The firm has a 50-day moving average of $101.26 and a 200-day moving average of $95.97. The company has a market cap of $11.96 billion, a PE ratio of 18.38, a PEG ratio of 3.57 and a beta of 0.44. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $104.92.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.30. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts expect that Pinnacle West Capital Corporation will post 4.7 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PNW shares. Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets upped their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. TD Cowen upped their price objective on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a report on Friday, May 15th. Argus upped their price objective on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley set a $92.00 price objective on shares of Pinnacle West Capital in a report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $102.50.

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.