Pinnacle West Capital Corporation $PNW Stock Holdings Lifted by Systematic Financial Management LP

Systematic Financial Management LP lifted its position in Pinnacle West Capital Corporation (NYSE:PNW) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,380 shares of the utilities provider’s stock after buying an additional 7,340 shares during the quarter. Systematic Financial Management LP’s holdings in Pinnacle West Capital were worth $4,646,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PNW. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the second quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital in the second quarter worth approximately $32,000. Dorato Capital Management purchased a new position in Pinnacle West Capital during the fourth quarter valued at approximately $69,000. Brown Brothers Harriman & Co. grew its position in Pinnacle West Capital by 102.1% during the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 488 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in Pinnacle West Capital by 4,616.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,132 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 1,108 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the transaction, the executive vice president owned 6,634 shares in the company, valued at approximately $656,766. This represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on PNW. Barclays boosted their price objective on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. TD Cowen boosted their price objective on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Morgan Stanley set a $92.00 price objective on shares of Pinnacle West Capital in a research report on Thursday. Finally, Stifel Nicolaus set a $107.00 target price on shares of Pinnacle West Capital in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.71.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $103.01 on Monday. The stock has a market cap of $12.48 billion, a P/E ratio of 19.18, a PEG ratio of 3.77 and a beta of 0.46. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $104.92. The company has a fifty day moving average price of $101.35 and a 200 day moving average price of $95.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts anticipate that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

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.