Federated Hermes Inc. Decreases Stake in Pinnacle West Capital Corporation $PNW

Federated Hermes Inc. lowered its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 48.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 162,886 shares of the utilities provider’s stock after selling 154,636 shares during the quarter. Federated Hermes Inc. owned about 0.14% of Pinnacle West Capital worth $14,604,000 as of its most recent filing with the SEC.

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

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $93.51 on Friday. The company’s 50 day moving average price is $89.78 and its two-hundred day moving average price is $89.98. Pinnacle West Capital Corporation has a 52 week low of $85.03 and a 52 week high of $96.50. The company has a market capitalization of $11.19 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 5.57 and a beta of 0.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $3.37 earnings per share. Pinnacle West Capital’s quarterly 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. On average, 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. Investors of record on Monday, February 2nd will be issued a dividend of $0.91 per share. 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 payout ratio is presently 74.74%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. BMO Capital Markets reiterated a “market perform” rating and set a $99.00 price target on shares of Pinnacle West Capital in a research note on Monday, October 20th. UBS Group lifted their price objective on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Finally, KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Four equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $96.42.

About Pinnacle West Capital

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.