Mitsubishi UFJ Asset Management Co. Ltd. Buys 13,846 Shares of Pinnacle West Capital Corporation $PNW

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,626 shares of the utilities provider’s stock after buying an additional 13,846 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Pinnacle West Capital were worth $12,218,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in Pinnacle West Capital in the 2nd quarter worth about $27,000. Bayforest Capital Ltd bought a new stake in shares of Pinnacle West Capital during the third quarter valued at approximately $29,000. Quent Capital LLC bought a new stake in shares of Pinnacle West Capital during the third quarter valued at approximately $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Pinnacle West Capital in the second quarter valued at approximately $32,000. Finally, CoreCap Advisors LLC grew its stake in Pinnacle West Capital by 103.6% in the third quarter. CoreCap Advisors LLC now owns 397 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 202 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PNW. Citigroup raised their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Barclays increased their price target on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price target on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Morgan Stanley decreased their price objective on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.07.

Pinnacle West Capital Stock Performance

Shares of NYSE:PNW opened at $99.27 on Monday. The firm has a 50 day moving average of $101.50 and a 200 day moving average of $94.70. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.46. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $104.92.

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

Pinnacle West Capital Announces Dividend

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

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.