Aquatic Capital Management LLC Sells 48,907 Shares of Pinnacle West Capital Corporation $PNW

Aquatic Capital Management LLC cut its position in Pinnacle West Capital Corporation (NYSE:PNW) by 42.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 66,496 shares of the utilities provider’s stock after selling 48,907 shares during the period. Aquatic Capital Management LLC owned approximately 0.06% of Pinnacle West Capital worth $5,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PNW. Aristotle Capital Boston LLC bought a new position in Pinnacle West Capital in the 3rd quarter valued at approximately $1,007,000. Algert Global LLC increased its holdings in shares of Pinnacle West Capital by 12.0% in the 3rd quarter. Algert Global LLC now owns 60,212 shares of the utilities provider’s stock worth $5,399,000 after purchasing an additional 6,440 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Pinnacle West Capital by 59.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 164,833 shares of the utilities provider’s stock worth $14,779,000 after purchasing an additional 61,485 shares in the last quarter. Creative Planning raised its stake in shares of Pinnacle West Capital by 51.2% in the third quarter. Creative Planning now owns 42,500 shares of the utilities provider’s stock worth $3,811,000 after purchasing an additional 14,396 shares during the last quarter. Finally, Credit Agricole S A purchased a new position in shares of Pinnacle West Capital in the third quarter worth $2,747,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PNW. Barclays dropped their price objective on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Citigroup boosted their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. UBS Group lifted 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 note on Wednesday, December 17th. Finally, Morgan Stanley set a $96.00 price objective on shares of Pinnacle West Capital in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Trading Up 0.2%

Shares of NYSE:PNW opened at $103.09 on Tuesday. The stock’s 50-day simple moving average is $96.14 and its two-hundred day simple moving average is $91.54. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.78 and a beta of 0.54. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $103.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54.

Pinnacle West Capital (NYSE:PNW) last released its quarterly 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.0% compared to the same quarter last year. During the same quarter 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. Analysts expect 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.