Y Intercept Hong Kong Ltd Has $4.01 Million Stock Position in Pinnacle West Capital Corporation $PNW

Y Intercept Hong Kong Ltd raised its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 164.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,748 shares of the utilities provider’s stock after acquiring an additional 27,832 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Pinnacle West Capital were worth $4,012,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in Pinnacle West Capital during the 2nd quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. Bayforest Capital Ltd acquired a new position in Pinnacle West Capital in the third quarter valued at $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth about $30,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Pinnacle West Capital in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PNW. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday. BMO Capital Markets restated a “market perform” rating and set a $99.00 price objective on shares of Pinnacle West Capital in a report on Monday, October 20th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday. KeyCorp lowered shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company dropped their price target on shares of Pinnacle West Capital from $92.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.42.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $92.06 on Monday. Pinnacle West Capital Corporation has a 1 year low of $84.28 and a 1 year high of $96.50. The stock’s fifty day moving average price is $89.33 and its two-hundred day moving average price is $89.88. The firm has a market cap of $11.02 billion, a PE ratio of 18.90, a PEG ratio of 5.52 and a beta of 0.55. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.67 and a quick ratio of 0.49.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. On average, equities research analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 4.0%. Pinnacle West Capital’s dividend payout ratio is 74.74%.

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.