Pinnacle West Capital Corporation $PNW Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,171 shares of the utilities provider’s stock after selling 5,830 shares during the period. SG Americas Securities LLC’s holdings in Pinnacle West Capital were worth $2,410,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Pinnacle West Capital by 133.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock valued at $81,665,000 after acquiring an additional 526,212 shares during the period. TABR Capital Management LLC purchased a new position in shares of Pinnacle West Capital during the 4th quarter worth approximately $787,000. 180 Wealth Advisors LLC acquired a new stake in Pinnacle West Capital in the 4th quarter valued at approximately $206,000. Wealth Enhancement Advisory Services LLC increased its holdings in Pinnacle West Capital by 12.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,827 shares of the utilities provider’s stock valued at $3,198,000 after purchasing an additional 4,024 shares during the last quarter. Finally, Wedmont Private Capital purchased a new stake in Pinnacle West Capital in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Stifel Nicolaus set a $107.00 target price on Pinnacle West Capital in a research note on Thursday, February 26th. Morgan Stanley set a $96.00 target price on Pinnacle West Capital in a report on Friday, February 20th. Citigroup lifted their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, UBS Group boosted 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. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and a consensus target price of $100.92.

Pinnacle West Capital Stock Down 0.1%

Shares of NYSE:PNW opened at $102.64 on Friday. The firm has a fifty day moving average price of $98.58 and a 200 day moving average price of $92.67. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $103.97. The stock has a market cap of $12.41 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.77 and a beta of 0.49. 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 (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, topping analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $1.13 billion for 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 was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

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.