American Century Companies Inc. Has $5.40 Million Stock Position in Pinnacle West Capital Corporation $PNW

American Century Companies Inc. trimmed its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 19.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,381 shares of the utilities provider’s stock after selling 15,034 shares during the quarter. American Century Companies Inc. owned approximately 0.05% of Pinnacle West Capital worth $5,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of Pinnacle West Capital during the 4th quarter valued at about $417,000. Atria Wealth Solutions Inc. lifted its position in shares of Pinnacle West Capital by 4.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,619 shares of the utilities provider’s stock worth $345,000 after acquiring an additional 167 shares during the period. Vanguard Group Inc. boosted its stake in Pinnacle West Capital by 2.0% during the first quarter. Vanguard Group Inc. now owns 14,464,661 shares of the utilities provider’s stock worth $1,377,759,000 after buying an additional 283,752 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Pinnacle West Capital by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,044,047 shares of the utilities provider’s stock valued at $99,445,000 after acquiring an additional 12,857 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Pinnacle West Capital by 0.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,598 shares of the utilities provider’s stock valued at $10,249,000 after purchasing an additional 373 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $88.05 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The firm has a market cap of $10.54 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 8.75 and a beta of 0.54. The business’s 50 day moving average is $90.08 and its 200-day moving average is $90.00. Pinnacle West Capital Corporation has a 1-year low of $81.47 and a 1-year high of $96.50.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The company 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 11.20% and a return on equity of 8.57%. Pinnacle West Capital’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.37 earnings per share. 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. Equities research analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 3rd were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $3.64 annualized dividend and a yield of 4.1%. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s payout ratio is presently 74.74%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Pinnacle West Capital from $95.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded Pinnacle West Capital to a “hold” rating in a report on Tuesday, October 28th. Argus reduced their price target on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Finally, Mizuho lowered Pinnacle West Capital from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $102.00 to $90.00 in a research report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.58.

Pinnacle West Capital Profile

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.