11,073 Shares in Pinnacle West Capital Corporation $PNW Acquired by RIA Advisory Group LLC

RIA Advisory Group LLC purchased a new position in Pinnacle West Capital Corporation (NYSE:PNW) during the fourth quarter, HoldingsChannel reports. The fund purchased 11,073 shares of the utilities provider’s stock, valued at approximately $982,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter worth approximately $27,000. Bayforest Capital Ltd acquired a new stake in shares of Pinnacle West Capital in the 3rd quarter worth approximately $29,000. Quent Capital LLC acquired a new stake in shares of Pinnacle West Capital in the 3rd quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter worth approximately $32,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Pinnacle West Capital by 103.6% in the 3rd quarter. CoreCap Advisors LLC now owns 397 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PNW. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a report on Thursday, February 26th. BMO Capital Markets upped their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research note on Tuesday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Finally, Truist Financial initiated coverage on Pinnacle West Capital in a research note on Monday, April 20th. They issued a “hold” rating and a $108.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $103.00.

Pinnacle West Capital Price Performance

PNW stock opened at $103.67 on Friday. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $104.92. The firm has a market cap of $12.55 billion, a P/E ratio of 20.49, a PEG ratio of 3.79 and a beta of 0.46. The stock’s 50 day moving average price is $101.45 and its 200 day moving average price is $94.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is currently 71.94%.

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.