Tcfg Wealth Management LLC Invests $1.06 Million in Pinnacle West Capital Corporation $PNW

Tcfg Wealth Management LLC purchased a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,816 shares of the utilities provider’s stock, valued at approximately $1,059,000.

Several other institutional investors have also added to or reduced their stakes in PNW. Y Intercept Hong Kong Ltd increased its stake in shares of Pinnacle West Capital by 164.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after purchasing an additional 27,832 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Pinnacle West Capital during the 3rd quarter worth $16,292,000. Rakuten Investment Management Inc. acquired a new stake in Pinnacle West Capital in the third quarter valued at about $2,234,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in 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 buying an additional 15,434 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in 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 acquiring an additional 12,732 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PNW. Royal Bank Of Canada reissued a “sector perform” rating and issued a $103.00 target price on shares of Pinnacle West Capital in a report on Friday, January 23rd. Barclays decreased their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Finally, UBS Group boosted 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. 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 currently has a consensus rating of “Hold” and an average target price of $100.08.

Pinnacle West Capital Trading Down 0.4%

PNW opened at $102.63 on Wednesday. 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 Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.97. The company’s 50 day moving average price is $96.41 and its two-hundred day moving average price is $91.63. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.78 and a beta of 0.54.

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, topping analysts’ consensus estimates 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Pinnacle West Capital’s 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. As a group, research analysts predict that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

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.