Tema Etfs LLC Buys 9,578 Shares of Pinnacle West Capital Corporation $PNW

Tema Etfs LLC grew its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 24.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 48,287 shares of the utilities provider’s stock after purchasing an additional 9,578 shares during the quarter. Tema Etfs LLC’s holdings in Pinnacle West Capital were worth $4,329,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Pinnacle West Capital in the 4th quarter worth about $417,000. NewEdge Advisors LLC increased its stake in Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Pinnacle West Capital by 109.8% in the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,180 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Pinnacle West Capital by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after buying an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Pinnacle West Capital by 12.8% in the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after buying an additional 523 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Price Performance

Shares of PNW opened at $89.09 on Monday. The firm has a fifty day simple moving average of $88.56 and a two-hundred day simple moving average of $89.71. The firm has a market cap of $10.66 billion, a PE ratio of 18.29, a P/E/G ratio of 9.01 and a beta of 0.55. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a 1-year low of $81.47 and a 1-year high of $96.50.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business posted $3.37 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. 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 analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 annualized dividend and a dividend yield of 4.1%. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PNW. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 target price on shares of Pinnacle West Capital in a research note on Tuesday, November 4th. Barclays boosted their price target on Pinnacle West Capital from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Finally, UBS Group lifted their price objective on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus price target of $96.58.

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.