Cookson Peirce & Co. Inc. Takes $878,000 Position in Pinnacle West Capital Corporation $PNW

Cookson Peirce & Co. Inc. acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,898 shares of the utilities provider’s stock, valued at approximately $878,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Havemeyer Place LP acquired a new position in shares of Pinnacle West Capital in the fourth quarter valued at about $229,000. 111 Capital acquired a new position in shares of Pinnacle West Capital in the fourth quarter valued at about $339,000. MCF Advisors LLC grew its stake in shares of Pinnacle West Capital by 10.6% in the fourth quarter. MCF Advisors LLC now owns 9,790 shares of the utilities provider’s stock valued at $868,000 after acquiring an additional 938 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Pinnacle West Capital by 9.0% in the fourth quarter. Parallel Advisors LLC now owns 3,806 shares of the utilities provider’s stock valued at $338,000 after acquiring an additional 315 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in shares of Pinnacle West Capital by 54.6% in the fourth quarter. Vise Technologies Inc. now owns 8,079 shares of the utilities provider’s stock valued at $717,000 after acquiring an additional 2,852 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $103.16 on Monday. The company has a fifty day simple moving average of $101.49 and a 200 day simple moving average of $96.30. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $104.92. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The company has a market cap of $12.50 billion, a P/E ratio of 19.21, a PEG ratio of 3.77 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted ($0.04) EPS. Pinnacle West Capital’s revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts predict that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $3.64 annualized dividend and a yield of 3.5%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.78%.

Analysts Set New Price Targets

PNW has been the topic of several research reports. 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 research note on Thursday, February 26th. Wells Fargo & Company set a $106.00 price target on shares of Pinnacle West Capital in a research note on Tuesday, April 21st. Morgan Stanley set a $92.00 price target on shares of Pinnacle West Capital in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, Truist Financial reduced their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.50.

Insider Transactions at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

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.