Pinnacle West Capital Corporation $PNW Shares Purchased by Barclays PLC

Barclays PLC raised its position in Pinnacle West Capital Corporation (NYSE:PNW) by 34.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 760,373 shares of the utilities provider’s stock after acquiring an additional 195,865 shares during the period. Barclays PLC owned approximately 0.64% of Pinnacle West Capital worth $68,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. AE Wealth Management LLC boosted its stake in shares of Pinnacle West Capital by 4,666.1% during the 2nd quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider’s stock worth $12,490,000 after purchasing an additional 136,670 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Pinnacle West Capital during the 3rd quarter worth about $16,292,000. Y Intercept Hong Kong Ltd raised its stake in shares of Pinnacle West Capital by 164.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after acquiring an additional 27,832 shares during the period. Rakuten Investment Management Inc. acquired a new position in Pinnacle West Capital in the 3rd quarter worth $2,234,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Pinnacle West Capital by 556.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock valued at $1,633,000 after purchasing an additional 15,434 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Stock Up 0.7%

PNW opened at $102.54 on Monday. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year 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 stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 3.76 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30.

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

Pinnacle West Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. UBS Group lifted 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 note on Wednesday, December 17th. TD Cowen increased their price target on Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Citigroup lifted their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target 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.