Pinnacle West Capital Corporation $PNW Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its position in Pinnacle West Capital Corporation (NYSE:PNW) by 17.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,158 shares of the utilities provider’s stock after purchasing an additional 5,198 shares during the period. CWA Asset Management Group LLC’s holdings in Pinnacle West Capital were worth $3,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Pinnacle West Capital in the 3rd quarter valued at about $16,292,000. Y Intercept Hong Kong Ltd raised its position in Pinnacle West Capital by 164.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock worth $4,012,000 after acquiring an additional 27,832 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Pinnacle West Capital by 556.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock valued at $1,633,000 after purchasing an additional 15,434 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Pinnacle West Capital in the third quarter valued at about $2,234,000. Finally, AE Wealth Management LLC grew its position in shares of Pinnacle West Capital by 9.1% in the third quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock valued at $13,658,000 after purchasing an additional 12,732 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of NYSE PNW opened at $97.42 on Friday. The company has a 50-day simple moving average of $97.06 and a 200-day simple moving average of $91.83. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The company has a market cap of $11.78 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 3.57 and a beta of 0.54. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $103.97.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data 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 net margin of 11.55% and a return on equity of 8.82%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The company’s quarterly 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, equities analysts anticipate that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PNW shares. TD Cowen raised their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Barclays reduced their target price 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. UBS Group increased their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. KeyCorp downgraded Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets boosted their price target on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Three equities 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.com, the company presently has an average rating of “Hold” and an average price target 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.