Sequoia Financial Advisors LLC Sells 5,882 Shares of Pinnacle West Capital Corporation $PNW

Sequoia Financial Advisors LLC reduced its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 47.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,408 shares of the utilities provider’s stock after selling 5,882 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Pinnacle West Capital were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Gateway Investment Advisers LLC lifted its position in Pinnacle West Capital by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after purchasing an additional 114 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Pinnacle West Capital by 27.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock valued at $49,000 after buying an additional 117 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Pinnacle West Capital by 0.9% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 13,516 shares of the utilities provider’s stock worth $1,209,000 after acquiring an additional 122 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 140 shares during the period. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Pinnacle West Capital by 2.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 5,165 shares of the utilities provider’s stock worth $463,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of PNW opened at $92.06 on Monday. 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 has a market cap of $11.02 billion, a PE ratio of 18.90, a PEG ratio of 5.52 and a beta of 0.55. Pinnacle West Capital Corporation has a 12-month low of $84.28 and a 12-month high of $96.50. The business has a 50-day simple moving average of $89.33 and a two-hundred day simple moving average of $89.88.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm posted $3.37 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Pinnacle West Capital Corporation will post 5.13 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, March 2nd. Shareholders of record on Monday, February 2nd will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is 74.74%.

Wall Street Analysts Forecast Growth

PNW has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Barclays lowered their price target on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Argus decreased their target price on 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, Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.42.

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.