Pinnacle West Capital Corporation $PNW Stock Position Trimmed by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 37.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,572 shares of the utilities provider’s stock after selling 7,045 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pinnacle West Capital were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Pinnacle West Capital in the second quarter valued at approximately $114,384,000. Vanguard Group Inc. boosted its position in shares of Pinnacle West Capital by 2.2% during the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after buying an additional 316,629 shares during the period. Reaves W H & Co. Inc. grew its holdings in Pinnacle West Capital by 21.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock worth $161,757,000 after buying an additional 316,193 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Pinnacle West Capital by 129.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock valued at $34,413,000 after acquiring an additional 216,984 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Pinnacle West Capital by 7.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock valued at $267,512,000 after acquiring an additional 203,136 shares during the period. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of NYSE 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 firm has a market cap of $12.40 billion, a P/E ratio of 20.26, a PEG ratio of 3.76 and a beta of 0.54. The stock has a fifty day moving average price of $94.57 and a two-hundred day moving average price of $91.06. 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 issued 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter 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. Research analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors 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 yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Pinnacle West Capital’s payout ratio is presently 71.94%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. 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. Morgan Stanley set a $96.00 price target on Pinnacle West Capital in a report on Friday, February 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Finally, 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. 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 an average 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.