AE Wealth Management LLC Grows Holdings in Pinnacle West Capital Corporation $PNW

AE Wealth Management LLC lifted its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,331 shares of the utilities provider’s stock after buying an additional 12,732 shares during the quarter. AE Wealth Management LLC owned approximately 0.13% of Pinnacle West Capital worth $13,658,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caldwell Trust Co acquired a new position in Pinnacle West Capital in the 2nd quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. Bayforest Capital Ltd purchased a new stake in shares of Pinnacle West Capital in the third quarter valued at $29,000. Quent Capital LLC acquired a new position in Pinnacle West Capital in the third quarter valued at $30,000. Finally, Ameritas Advisory Services LLC purchased a new position in Pinnacle West Capital during the second quarter worth about $31,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PNW shares. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. TD Cowen assumed coverage on shares of Pinnacle West Capital in a research report on Thursday, October 16th. They issued a “hold” rating and a $97.00 target price on the stock. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company dropped their price target on shares of Pinnacle West Capital from $92.00 to $91.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Finally, KeyCorp lowered shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.42.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $92.99 on Friday. The firm’s fifty day simple moving average is $89.69 and its 200 day simple moving average is $89.97. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a twelve month low of $85.03 and a twelve month high of $96.50. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 5.61 and a beta of 0.55.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating the consensus estimate of $3.04 by $0.35. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company 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. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders 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 yield of 3.9%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is currently 74.74%.

Pinnacle West Capital Company 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.