Inceptionr LLC Invests $1.11 Million in Pinnacle West Capital Corporation $PNW

Inceptionr LLC purchased a new position in Pinnacle West Capital Corporation (NYSE:PNW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,367 shares of the utilities provider’s stock, valued at approximately $1,106,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNW. AE Wealth Management LLC grew its position in shares of Pinnacle West Capital by 4,666.1% in the second quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider’s stock valued at $12,490,000 after purchasing an additional 136,670 shares in the last quarter. Holland Advisory Services Inc. purchased a new position in Pinnacle West Capital during the second quarter worth approximately $266,000. Marshall Financial Group LLC acquired a new position in Pinnacle West Capital during the second quarter worth $540,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Pinnacle West Capital by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,764 shares of the utilities provider’s stock worth $30,934,000 after buying an additional 11,356 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in Pinnacle West Capital by 57.1% in the 2nd quarter. Entropy Technologies LP now owns 21,764 shares of the utilities provider’s stock valued at $1,947,000 after buying an additional 7,913 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PNW has been the topic of several recent research reports. UBS Group boosted their price target on shares of Pinnacle West Capital from $95.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Argus reduced their target price on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. KeyCorp decreased their target price on shares of Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Barclays raised their price target on shares of Pinnacle West Capital from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada raised shares of Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.38.

Pinnacle West Capital Price Performance

Shares of PNW opened at $90.61 on Thursday. The firm has a 50-day simple moving average of $89.71 and a two-hundred day simple moving average of $90.08. The stock has a market cap of $10.85 billion, a PE ratio of 18.68, a P/E/G ratio of 9.23 and a beta of 0.50. Pinnacle West Capital Corporation has a 1-year low of $81.47 and a 1-year high of $96.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.37.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data 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 firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a net margin of 10.96% and a return on equity of 8.45%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be issued a $0.91 dividend. The ex-dividend date is Monday, November 3rd. This represents a $3.64 annualized dividend and a dividend yield of 4.0%. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.