Pinnacle West Capital Corporation $PNW Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 36.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,877 shares of the utilities provider’s stock after selling 14,554 shares during the quarter. AlphaQuest LLC’s holdings in Pinnacle West Capital were worth $2,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new position in Pinnacle West Capital in the 2nd quarter worth about $114,384,000. Vanguard Group Inc. boosted its holdings in shares of Pinnacle West Capital by 2.2% in the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after buying an additional 316,629 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Pinnacle West Capital by 129.4% in the second quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock worth $34,413,000 after acquiring an additional 216,984 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Pinnacle West Capital by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock valued at $267,512,000 after acquiring an additional 203,136 shares during the period. Finally, Midwest Trust Co purchased a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at approximately $17,851,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNW has been the topic of several research analyst reports. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. TD Cowen began coverage on Pinnacle West Capital in a research report on Thursday, October 16th. They issued a “hold” rating and a $97.00 target price for the company. Barclays lowered their price target on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Finally, KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and an average target price of $96.42.

Pinnacle West Capital Price Performance

PNW opened at $93.51 on Friday. The stock has a fifty day moving average price of $89.78 and a 200 day moving average price of $89.99. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a 1 year low of $85.03 and a 1 year high of $96.50. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 5.57 and a beta of 0.55.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $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. Analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be paid a $0.91 dividend. The ex-dividend date is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.9%. Pinnacle West Capital’s payout ratio is 74.74%.

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.