Epoch Investment Partners Inc. Has $44.82 Million Stock Holdings in Pinnacle West Capital Corporation $PNW

Epoch Investment Partners Inc. raised its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 505,252 shares of the utilities provider’s stock after acquiring an additional 19,560 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Pinnacle West Capital were worth $44,816,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at $32,000. Clearstead Advisors LLC boosted its holdings in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Dorato Capital Management acquired a new stake in shares of Pinnacle West Capital in the 4th quarter valued at $69,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Pinnacle West Capital by 102.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 488 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

PNW has been the topic of several recent research reports. Morgan Stanley set a $92.00 price objective on Pinnacle West Capital in a report on Thursday, May 21st. TD Cowen raised their price objective on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a report on Friday, May 15th. Truist Financial cut their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Argus raised their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $102.50.

Pinnacle West Capital Stock Down 0.2%

Shares of NYSE:PNW opened at $103.26 on Monday. The firm has a market cap of $12.51 billion, a P/E ratio of 19.23, a P/E/G ratio of 3.79 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $104.92. The business has a fifty day simple moving average of $101.73 and a 200 day simple moving average of $96.77.

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

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 67.78%.

Insider Transactions at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

About Pinnacle West Capital

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.