Profund Advisors LLC Buys 1,526 Shares of Pinnacle West Capital Corporation $PNW

Profund Advisors LLC grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 34.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,004 shares of the utilities provider’s stock after acquiring an additional 1,526 shares during the quarter. Profund Advisors LLC’s holdings in Pinnacle West Capital were worth $537,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Pinnacle West Capital during the 1st quarter valued at about $25,000. Costello Asset Management INC purchased a new stake in shares of Pinnacle West Capital during the first quarter valued at approximately $26,000. Ameritas Advisory Services LLC bought a new stake in shares of Pinnacle West Capital during the second quarter valued at approximately $31,000. Brooklyn Investment Group increased its position in shares of Pinnacle West Capital by 440.0% during the first quarter. Brooklyn Investment Group now owns 486 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 396 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in Pinnacle West Capital by 3,500.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 612 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 595 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays increased their target price on Pinnacle West Capital from $93.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $99.00 price target on shares of Pinnacle West Capital in a report on Monday, October 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of Pinnacle West Capital from $95.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.54.

Pinnacle West Capital Trading Up 0.2%

Shares of PNW stock opened at $88.97 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.37. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 9.23 and a beta of 0.50. Pinnacle West Capital Corporation has a 1 year low of $81.47 and a 1 year high of $96.50. The firm has a fifty day moving average price of $89.40 and a 200-day moving average price of $90.40.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $3.37 earnings per share. Pinnacle West Capital’s quarterly revenue was up 2.9% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, equities analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 3rd. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s payout ratio is presently 74.74%.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.