Pinnacle West Capital Corporation $PNW is Barrow Hanley Mewhinney & Strauss LLC’s 8th Largest Position

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,223,725 shares of the utilities provider’s stock after acquiring an additional 568,581 shares during the period. Pinnacle West Capital comprises about 2.1% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 8th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned about 6.04% of Pinnacle West Capital worth $647,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gateway Investment Advisers LLC increased its stake in shares of Pinnacle West Capital by 0.3% during the 3rd quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after purchasing an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Pinnacle West Capital by 27.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 140 shares in the last quarter. 1620 Investment Advisors Inc. boosted its stake in shares of Pinnacle West Capital by 2.9% during the third quarter. 1620 Investment Advisors Inc. now owns 5,165 shares of the utilities provider’s stock valued at $463,000 after acquiring an additional 148 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Pinnacle West Capital by 12.3% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 1,408 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

PNW stock opened at $100.81 on Wednesday. The firm has a market cap of $12.19 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. 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 Corporation has a 1 year low of $85.32 and a 1 year high of $103.21. The stock has a 50-day simple moving average of $95.05 and a 200-day simple moving average of $91.20.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS 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 return on equity of 8.82% and a net margin of 11.55%.Pinnacle West Capital’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PNW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Stifel Nicolaus set a $107.00 target price on shares of Pinnacle West Capital in a research report on Thursday, February 26th. UBS Group lifted their target price 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. KeyCorp downgraded Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Finally, Barclays reduced their price target on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pinnacle West Capital has a consensus 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.