AE Wealth Management LLC Purchases 7,253 Shares of Pinnacle West Capital Corporation $PNW

AE Wealth Management LLC boosted its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,584 shares of the utilities provider’s stock after acquiring an additional 7,253 shares during the quarter. AE Wealth Management LLC owned 0.13% of Pinnacle West Capital worth $14,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNW. Caldwell Trust Co bought a new position in shares of Pinnacle West Capital in the second quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Pinnacle West Capital in the second quarter valued at about $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the third quarter valued at about $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the third quarter valued at about $30,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital in the second quarter valued at about $32,000. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Stock Down 0.1%

NYSE:PNW opened at $104.06 on Friday. The firm’s 50 day simple moving average is $100.52 and its 200 day simple moving average is $93.78. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $104.92. The company has a market cap of $12.59 billion, a PE ratio of 20.57, a P/E/G ratio of 3.82 and a beta of 0.49.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned ($0.06) EPS. The company’s 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. On average, research analysts anticipate that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Wall Street Analyst Weigh In

PNW has been the topic of several research analyst reports. Argus increased their price objective on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup raised their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their price target on shares of 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $103.00 price target on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pinnacle West Capital has an average rating of “Hold” and an average price target of $101.77.

Pinnacle West Capital 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.