Deroy & Devereaux Private Investment Counsel Inc. Purchases New Shares in Pinnacle West Capital Corporation $PNW

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 181,710 shares of the utilities provider’s stock, valued at approximately $16,292,000. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.15% of Pinnacle West Capital as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Pinnacle West Capital in the second quarter valued at about $114,384,000. Vanguard Group Inc. increased its stake in Pinnacle West Capital by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after purchasing an additional 316,629 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Pinnacle West Capital by 129.4% during the second quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock worth $34,413,000 after acquiring an additional 216,984 shares during the period. Midwest Trust Co bought a new stake in shares of Pinnacle West Capital in the second quarter valued at about $17,851,000. Finally, AE Wealth Management LLC boosted its position in Pinnacle West Capital by 4,666.1% during the 2nd quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider’s stock worth $12,490,000 after acquiring an additional 136,670 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Argus reduced their price target on Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, November 4th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $99.00 target price on shares of Pinnacle West Capital in a research report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and an average price target of $96.17.

Pinnacle West Capital Price Performance

Shares of PNW stock opened at $92.62 on Friday. The business has a fifty day simple moving average of $88.78 and a 200 day simple moving average of $89.77. The company has a market cap of $11.09 billion, a P/E ratio of 19.02, a P/E/G ratio of 9.34 and a beta of 0.55. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a twelve month low of $84.23 and a twelve month high of $96.50.

Pinnacle West Capital (NYSE:PNW) last released 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 firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be given a $0.91 dividend. The ex-dividend date is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.9%. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 74.74%.

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.