Aristotle Capital Boston LLC Makes New $1.01 Million Investment in Pinnacle West Capital Corporation $PNW

Aristotle Capital Boston LLC purchased a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,232 shares of the utilities provider’s stock, valued at approximately $1,007,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Pinnacle West Capital during the fourth quarter valued at approximately $417,000. NewEdge Advisors LLC increased its position in shares of Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after purchasing an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after purchasing an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Pinnacle West Capital by 12.8% in the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after buying an additional 523 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. UBS Group upped their price target on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research note on Friday, January 23rd. TD Cowen lifted their price objective 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Three equities 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.com, the stock has an average rating of “Hold” and an average target price of $100.08.

Pinnacle West Capital Stock Up 1.4%

PNW stock opened at $102.90 on Monday. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $103.42. The business’s 50 day simple moving average is $95.83 and its 200 day simple moving average is $91.44. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $12.44 billion, a PE ratio of 20.34, a PEG ratio of 3.78 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted ($0.06) EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, research analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

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.