iSAM Funds UK Ltd Makes New $2.41 Million Investment in Pinnacle West Capital Corporation $PNW

iSAM Funds UK Ltd bought a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 26,866 shares of the utilities provider’s stock, valued at approximately $2,409,000.

Several other institutional investors and hedge funds have also modified their holdings of PNW. Capital Research Global Investors increased its stake in shares of Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after acquiring an additional 758,190 shares during the last quarter. Vanguard Group Inc. boosted its position in Pinnacle West Capital by 2.2% during the second 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 last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in 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 during the last quarter. Invesco Ltd. grew its stake in Pinnacle West Capital by 2.5% in the second quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider’s stock valued at $380,154,000 after purchasing an additional 102,778 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Pinnacle West Capital by 1.1% in the second quarter. Geode Capital Management LLC now owns 3,026,662 shares of the utilities provider’s stock valued at $270,282,000 after purchasing an additional 33,216 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price target on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a report on Thursday, February 26th. TD Cowen raised their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Finally, Barclays decreased their target price on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $102.90 on Friday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.72 and a beta of 0.54. The business has a 50-day moving average of $95.83 and a two-hundred day moving average of $91.42. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter 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 research analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS 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.