TABR Capital Management LLC Acquires New Shares in Pinnacle West Capital Corporation $PNW

TABR Capital Management LLC bought a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,872 shares of the utilities provider’s stock, valued at approximately $787,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors raised its holdings 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 purchasing an additional 758,190 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Pinnacle West Capital by 8.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after purchasing an additional 568,581 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Pinnacle West Capital by 133.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock valued at $81,665,000 after purchasing an additional 526,212 shares in the last quarter. Reaves W H & Co. Inc. increased its holdings in Pinnacle West Capital by 21.3% during 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 buying an additional 316,193 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in Pinnacle West Capital by 458.3% during the third quarter. Qube Research & Technologies Ltd now owns 296,963 shares of the utilities provider’s stock valued at $26,626,000 after buying an additional 243,769 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PNW shares. Morgan Stanley lowered their target price on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup boosted their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research note on Tuesday. Argus raised their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Truist Financial initiated coverage on Pinnacle West Capital in a research note on Monday. They issued a “hold” rating and a $108.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus target price of $103.00.

Pinnacle West Capital Trading Down 1.8%

NYSE:PNW opened at $101.09 on Wednesday. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $104.92. The firm has a 50 day moving average of $100.83 and a 200 day moving average of $94.04. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 3.77 and a beta of 0.49.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.55% and a return on equity of 8.82%. The business’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 earned ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts anticipate that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal 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.