Ceredex Value Advisors LLC Purchases New Position in Pinnacle West Capital Corporation $PNW

Ceredex Value Advisors LLC bought a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 197,700 shares of the utilities provider’s stock, valued at approximately $17,726,000. Ceredex Value Advisors LLC owned approximately 0.17% of Pinnacle West Capital as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Pinnacle West Capital in the second quarter worth about $114,384,000. Capital Research Global Investors increased its position in Pinnacle West Capital by 5.0% during 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 during the period. Vanguard Group Inc. increased its position in Pinnacle West Capital by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock valued at $1,322,482,000 after purchasing an additional 316,629 shares during the period. Reaves W H & Co. Inc. raised its holdings in shares of Pinnacle West Capital by 21.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock valued at $161,757,000 after purchasing an additional 316,193 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Pinnacle West Capital by 129.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock valued at $34,413,000 after purchasing an additional 216,984 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Down 1.2%

NYSE:PNW opened at $101.23 on Tuesday. The company’s 50-day simple moving average is $94.82 and its 200-day simple moving average is $91.13. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.21. The stock has a market capitalization of $12.24 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.76 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted ($0.06) EPS. Pinnacle West Capital’s revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts anticipate that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 71.94%.

Wall Street Analysts Forecast Growth

PNW has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research report on Friday, January 23rd. TD Cowen boosted their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. UBS Group upped their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Stifel Nicolaus set a $107.00 target price on Pinnacle West Capital in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.08.

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.