Pinnacle West Capital Corporation $PNW Holdings Raised by Oak Thistle LLC

Oak Thistle LLC increased its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 251.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,316 shares of the utilities provider’s stock after purchasing an additional 31,690 shares during the quarter. Pinnacle West Capital makes up 0.5% of Oak Thistle LLC’s investment portfolio, making the stock its 12th largest holding. Oak Thistle LLC’s holdings in Pinnacle West Capital were worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of Pinnacle West Capital by 5.0% in the 3rd quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock valued at $1,421,407,000 after acquiring an additional 758,190 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Pinnacle West Capital by 8.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock worth $647,679,000 after purchasing an additional 568,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Pinnacle West Capital by 7.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock valued at $267,512,000 after purchasing an additional 203,136 shares during the period. ATLAS Infrastructure Partners UK Ltd. raised its stake in Pinnacle West Capital by 2.5% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,862,950 shares of the utilities provider’s stock valued at $256,148,000 after purchasing an additional 69,404 shares during the period. Finally, Reaves W H & Co. Inc. lifted its holdings in shares of Pinnacle West Capital by 21.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock valued at $161,757,000 after purchasing an additional 316,193 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PNW has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Barclays increased their target price on Pinnacle West Capital from $97.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. 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. Finally, Morgan Stanley set a $96.00 target price on Pinnacle West Capital in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.92.

Pinnacle West Capital Stock Down 0.3%

PNW stock opened at $102.18 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. The company has a 50-day moving average of $98.92 and a two-hundred day moving average of $92.94. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 3.77 and a beta of 0.49. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $103.97.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 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 return on equity of 8.82% and a net margin of 11.55%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS 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.