SG Americas Securities LLC Sells 37,512 Shares of Pinnacle West Capital Corporation $PNW

SG Americas Securities LLC decreased its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 53.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,001 shares of the utilities provider’s stock after selling 37,512 shares during the period. SG Americas Securities LLC’s holdings in Pinnacle West Capital were worth $2,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caldwell Trust Co bought a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital during the second quarter worth about $27,000. Ameritas Advisory Services LLC purchased a new stake in Pinnacle West Capital in the second quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital during the second quarter valued at approximately $32,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 103.6% during the third quarter. CoreCap Advisors LLC now owns 397 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $89.64 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a twelve month low of $81.47 and a twelve month high of $96.50. The business has a 50-day moving average price of $88.57 and a 200-day moving average price of $89.71. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 9.01 and a beta of 0.55.

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

Pinnacle West Capital Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on PNW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Wednesday, October 8th. 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. Morgan Stanley set a $85.00 target price on Pinnacle West Capital in a report on Tuesday, December 16th. KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, Argus dropped their price objective on Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.58.

About Pinnacle West Capital

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.