Pinnacle West Capital Corporation $PNW Stock Holdings Raised by Systematic Financial Management LP

Systematic Financial Management LP raised its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 52,380 shares of the utilities provider’s stock after purchasing an additional 7,340 shares during the period. Systematic Financial Management LP’s holdings in Pinnacle West Capital were worth $4,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its position in shares of Pinnacle West Capital by 164.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock worth $4,012,000 after purchasing an additional 27,832 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Pinnacle West Capital by 9.1% in the 3rd quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock worth $13,658,000 after purchasing an additional 12,732 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Pinnacle West Capital by 110.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 202,359 shares of the utilities provider’s stock valued at $18,144,000 after buying an additional 106,244 shares during the period. Reaves W H & Co. Inc. boosted its holdings in shares of Pinnacle West Capital by 21.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock valued at $161,757,000 after buying an additional 316,193 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Pinnacle West Capital in the 3rd quarter valued at about $1,450,000. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 0.1%

PNW stock opened at $103.01 on Monday. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $104.92. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.77 and a beta of 0.46. The firm’s 50-day moving average is $101.35 and its two-hundred day moving average is $95.43. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38.

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

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital’s payout ratio is presently 67.78%.

Insider Activity at Pinnacle West Capital

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

Analysts Set New Price Targets

PNW has been the subject of several research reports. Morgan Stanley set a $92.00 price target on shares of Pinnacle West Capital in a report on Thursday. Citigroup lifted their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a report on Thursday, February 26th. Weiss Ratings raised shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Truist Financial started coverage on shares of Pinnacle West Capital in a research note on Monday, April 20th. They set a “hold” rating and a $108.00 target price for the company. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and a consensus price target of $102.71.

Pinnacle West Capital 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.