Aventail Capital Group LP Sells 71,885 Shares of Pinnacle West Capital Corporation $PNW

Aventail Capital Group LP reduced its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,656 shares of the utilities provider’s stock after selling 71,885 shares during the quarter. Aventail Capital Group LP owned approximately 0.18% of Pinnacle West Capital worth $19,336,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Pinnacle West Capital during the 3rd quarter valued at $16,292,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Pinnacle West Capital by 164.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after purchasing an additional 27,832 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Pinnacle West Capital by 556.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock valued at $1,633,000 after purchasing an additional 15,434 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Pinnacle West Capital in the third quarter valued at about $2,234,000. Finally, AE Wealth Management LLC raised its position in shares of Pinnacle West Capital by 9.1% in the third quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock valued at $13,658,000 after purchasing an additional 12,732 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PNW. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a report on Thursday, February 26th. Citigroup raised their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. TD Cowen boosted their price objective on Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 target price on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Price Performance

PNW stock opened at $102.90 on Friday. The company’s 50-day moving average price is $95.83 and its two-hundred day moving average price is $91.43. The firm has a market cap of $12.44 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.78 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $103.42.

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