Massachusetts Financial Services Co. MA Has $267.51 Million Position in Pinnacle West Capital Corporation $PNW

Massachusetts Financial Services Co. MA lifted its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,983,626 shares of the utilities provider’s stock after purchasing an additional 203,136 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.50% of Pinnacle West Capital worth $267,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Caldwell Trust Co acquired a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. CYBER HORNET ETFs LLC bought a new position in Pinnacle West Capital during the 2nd quarter worth about $27,000. Bayforest Capital Ltd bought a new position in Pinnacle West Capital during the 3rd quarter worth about $29,000. Quent Capital LLC acquired a new stake in shares of Pinnacle West Capital in the 3rd quarter valued at about $30,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Pinnacle West Capital in the second quarter valued at about $31,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 1.0%

NYSE:PNW opened at $93.62 on Tuesday. Pinnacle West Capital Corporation has a twelve month low of $84.28 and a twelve month high of $96.50. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 9.48 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. The stock’s 50 day moving average price is $89.01 and its two-hundred day moving average price is $89.81.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.35. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $3.37 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. 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 expect that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PNW. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, November 4th. Royal Bank Of Canada raised shares of Pinnacle West Capital to a “hold” rating in a research note 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. Morgan Stanley set a $85.00 price objective on shares of Pinnacle West Capital in a research report on Tuesday, December 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 target price on shares of Pinnacle West Capital in a research report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $96.17.

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.