Teacher Retirement System of Texas Sells 5,968 Shares of Pinnacle West Capital Corporation $PNW

Teacher Retirement System of Texas reduced its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 20.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,232 shares of the utilities provider’s stock after selling 5,968 shares during the period. Teacher Retirement System of Texas’ holdings in Pinnacle West Capital were worth $2,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNW. Probity Advisors Inc. boosted its holdings in shares of Pinnacle West Capital by 10.8% in the 3rd quarter. Probity Advisors Inc. now owns 7,006 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 684 shares during the period. Rakuten Investment Management Inc. bought a new stake in Pinnacle West Capital in the third quarter worth $2,234,000. Inscription Capital LLC boosted its stake in Pinnacle West Capital by 53.2% during the third quarter. Inscription Capital LLC now owns 5,173 shares of the utilities provider’s stock worth $464,000 after buying an additional 1,797 shares during the period. Massachusetts Financial Services Co. MA increased its position in Pinnacle West Capital by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider’s stock valued at $267,512,000 after acquiring an additional 203,136 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its stake in shares of Pinnacle West Capital by 7.1% in the third quarter. Aviance Capital Partners LLC now owns 4,500 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 300 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Stock Performance

Pinnacle West Capital stock opened at $93.51 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. The company has a market capitalization of $11.19 billion, a PE ratio of 19.20, a P/E/G ratio of 5.57 and a beta of 0.55. The company has a 50 day moving average price of $89.78 and a 200-day moving average price of $89.99. Pinnacle West Capital Corporation has a fifty-two week low of $85.03 and a fifty-two week high of $96.50.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping the consensus estimate 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%.Pinnacle West Capital’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $3.37 EPS. 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 analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s payout ratio is presently 74.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PNW. TD Cowen initiated coverage on shares of Pinnacle West Capital in a research note on Thursday, October 16th. They set a “hold” rating and a $97.00 price target for the company. Zacks Research upgraded Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group reaffirmed 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 reissued an “underperform” rating on shares of Pinnacle West Capital in a research note on Wednesday, January 21st. Finally, UBS Group boosted their price objective on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $96.42.

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.