Pinnacle West Capital Corporation $PNW Stock Holdings Increased by Perpetual Ltd

Perpetual Ltd boosted its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 17.5% during the third quarter, HoldingsChannel.com reports. The firm owned 493,105 shares of the utilities provider’s stock after acquiring an additional 73,419 shares during the period. Perpetual Ltd’s holdings in Pinnacle West Capital were worth $44,212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its holdings in Pinnacle West Capital by 1.3% in the second quarter. Exchange Traded Concepts LLC now owns 9,846 shares of the utilities provider’s stock worth $881,000 after buying an additional 122 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted 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 worth $1,209,000 after acquiring an additional 122 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Pinnacle West Capital by 11.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 140 shares in the last quarter. 1620 Investment Advisors Inc. boosted its position in Pinnacle West Capital by 2.9% in the third quarter. 1620 Investment Advisors Inc. now owns 5,165 shares of the utilities provider’s stock valued at $463,000 after buying an additional 148 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Pinnacle West Capital by 4.6% during the 2nd quarter. Fifth Third Bancorp now owns 3,643 shares of the utilities provider’s stock worth $326,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $87.26 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average price is $89.56 and its two-hundred day moving average price is $89.79. The company has a market cap of $10.44 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 8.64 and a beta of 0.54. Pinnacle West Capital Corporation has a twelve month low of $81.47 and a twelve month high of $96.50.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping the consensus estimate of $3.04 by $0.35. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 EPS. 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, analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNW. BMO Capital Markets restated a “market perform” rating and set a $99.00 target price on shares of Pinnacle West Capital in a report on Monday, October 20th. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Morgan Stanley set a $85.00 price objective on Pinnacle West Capital in a report on Tuesday. UBS Group upped their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Mizuho lowered Pinnacle West Capital from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $102.00 to $90.00 in a research report on Tuesday, September 9th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Pinnacle West Capital currently has an average rating of “Hold” and a consensus price target of $96.58.

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.