First Trust Advisors LP Has $117.22 Million Stock Position in Pinnacle West Capital Corporation $PNW

First Trust Advisors LP increased its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,307,421 shares of the utilities provider’s stock after acquiring an additional 76,930 shares during the period. First Trust Advisors LP owned about 1.09% of Pinnacle West Capital worth $117,223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PNW. Brighton Jones LLC bought a new stake in shares of Pinnacle West Capital during the 4th quarter worth approximately $417,000. NewEdge Advisors LLC grew its stake in shares of Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after buying an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Pinnacle West Capital by 109.8% in the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after buying an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Pinnacle West Capital by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after buying an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Pinnacle West Capital by 12.8% during the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after buying an additional 523 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Trading Up 0.7%

Shares of NYSE:PNW opened at $102.54 on Monday. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $103.21. The business has a 50 day moving average of $94.57 and a 200-day moving average of $91.06. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The stock has a market cap of $12.40 billion, a PE ratio of 20.26, a P/E/G ratio of 3.76 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 3.5%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 71.94%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PNW shares. Barclays cut 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 note on Thursday, January 15th. BMO Capital Markets boosted their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. TD Cowen raised their target price on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $103.00 price target on shares of Pinnacle West Capital in a report on Friday, January 23rd. Finally, Wells Fargo & Company boosted their price target on Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.