Aster Capital Management DIFC Ltd Sells 6,854 Shares of Pinnacle West Capital Corporation $PNW

Aster Capital Management DIFC Ltd cut its position in Pinnacle West Capital Corporation (NYSE:PNW) by 95.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305 shares of the utilities provider’s stock after selling 6,854 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Pinnacle West Capital were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Caldwell Trust Co bought a new stake in Pinnacle West Capital during the second quarter valued at $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at about $27,000. Bayforest Capital Ltd purchased a new stake in shares of Pinnacle West Capital in the 3rd quarter valued at about $29,000. Quent Capital LLC bought a new stake in shares of Pinnacle West Capital during the 3rd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital during the second quarter worth about $32,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Trading Up 1.4%

PNW opened at $101.93 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $102.70. The stock has a market cap of $12.32 billion, a PE ratio of 20.14, a PEG ratio of 6.02 and a beta of 0.54. The business has a 50 day moving average of $93.72 and a 200-day moving average of $90.83.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is 71.94%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Zacks Research upgraded Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. UBS Group raised their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, TD Cowen increased their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.08.

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.