Pinnacle West Capital Corporation $PNW Stock Holdings Lifted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 104.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,984 shares of the utilities provider’s stock after buying an additional 14,280 shares during the period. Fulcrum Asset Management LLP’s holdings in Pinnacle West Capital were worth $2,509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC lifted its holdings in Pinnacle West Capital by 0.3% in the third 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 last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Pinnacle West Capital by 11.8% during the 2nd 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. 1620 Investment Advisors Inc. lifted its holdings in shares of Pinnacle West Capital by 2.9% in the 3rd 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 last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of Pinnacle West Capital by 12.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 1,408 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Morgan Stanley set a $96.00 target price on Pinnacle West Capital in a research note on Friday, February 20th. Citigroup boosted their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Finally, KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $100.90 on Thursday. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $103.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The business has a 50 day simple moving average of $96.68 and a 200 day simple moving average of $91.70.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned ($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 anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

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.