Pinnacle West Capital Corporation $PNW Holdings Raised by R Squared Ltd

R Squared Ltd increased its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 48.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,428 shares of the utilities provider’s stock after purchasing an additional 6,634 shares during the quarter. Pinnacle West Capital comprises about 0.8% of R Squared Ltd’s portfolio, making the stock its 18th biggest holding. R Squared Ltd’s holdings in Pinnacle West Capital were worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its stake in shares of Pinnacle West Capital by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after acquiring an additional 114 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Pinnacle West Capital by 27.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 117 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in Pinnacle West Capital by 0.9% during the second quarter. Mesirow Financial Investment Management Inc. now owns 13,516 shares of the utilities provider’s stock worth $1,209,000 after purchasing an additional 122 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 140 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its position in Pinnacle West Capital by 2.9% in the third quarter. 1620 Investment Advisors Inc. now owns 5,165 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital News Roundup

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Pinnacle West beat quarterly EPS expectations ($0.13 vs. $0.05 consensus), turning a year-ago loss into positive earnings — a near-term fundamental catalyst. Pinnacle West posts quarterly profit
• Positive Sentiment: The company outlined a large investment program (about $7.95–8.0B through 2028) and is targeting 5–7% long‑term sales growth while advancing grid expansion — supportive for long‑term rate base and earnings growth. Pinnacle West Beats Q4 … to Invest $8B
• Positive Sentiment: Citigroup raised its price target to $109 (while keeping a Neutral rating), signaling improved analyst valuation that implies upside from current levels. Benzinga
• Neutral Sentiment: TD Cowen nudged its target up to $100 and maintained a Hold rating — a modest, largely neutral analyst action. Benzinga
• Neutral Sentiment: Full Q4 earnings materials and call transcripts/slide deck are available for investors doing deeper due diligence (useful but informational). Earnings presentation
• Negative Sentiment: FY‑2026 EPS guidance was set to $4.55–4.75, slightly below the consensus (~$4.80), which likely tempered upside after the quarter — investors often react negatively to any guidance shortfall. Press release / guidance
• Negative Sentiment: Revenue for the quarter (~$1.13B) missed the ~$1.17B consensus, and Wells Fargo’s updated $97 target still implies some downside versus current levels — a combination that can pressure the stock despite the EPS beat. Benzinga

Pinnacle West Capital Stock Performance

Shares of NYSE PNW opened at $99.54 on Friday. The stock’s fifty day simple moving average is $92.93 and its 200 day simple moving average is $90.67. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 5.97 and a beta of 0.54. 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 52-week low of $85.32 and a 52-week high of $100.65.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.17 billion. Pinnacle West Capital had a return on equity of 8.86% and a net margin of 11.55%.Pinnacle West Capital’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio (DPR) is 74.74%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Barclays lowered their target price on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. UBS Group boosted their price target on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Finally, BMO Capital Markets upped their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $100.08.

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.