Tudor Investment Corp ET AL Has $24.54 Million Stock Position in Pinnacle West Capital Corporation $PNW

Tudor Investment Corp ET AL raised its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 407.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 273,713 shares of the utilities provider’s stock after purchasing an additional 219,814 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.23% of Pinnacle West Capital worth $24,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNW. Caldwell Trust Co acquired a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital during the 2nd quarter worth about $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth about $29,000. Quent Capital LLC acquired a new position in shares of Pinnacle West Capital in the 3rd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

PNW has been the subject of a number of research analyst reports. Citigroup lifted their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. BMO Capital Markets raised their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. TD Cowen boosted their target price 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus target price of $100.08.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $100.15 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $96.90 and a two-hundred day simple moving average of $91.75. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $103.97. The firm has a market capitalization of $12.11 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.17 billion. During the same period last year, the company earned ($0.06) earnings per share. The business’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. Analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital 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.