Versor Investments LP Has $288,000 Stock Holdings in Pinnacle West Capital Corporation $PNW

Versor Investments LP reduced its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 38.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,224 shares of the utilities provider’s stock after selling 2,029 shares during the quarter. Versor Investments LP’s holdings in Pinnacle West Capital were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PNW. ATLAS Infrastructure Partners UK Ltd. lifted its position in Pinnacle West Capital by 230.5% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,793,546 shares of the utilities provider’s stock worth $266,085,000 after purchasing an additional 1,948,416 shares during the period. Nuveen LLC acquired a new position in shares of Pinnacle West Capital in the 1st quarter valued at approximately $99,364,000. Vanguard Group Inc. lifted its holdings in shares of Pinnacle West Capital by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 14,464,661 shares of the utilities provider’s stock worth $1,377,759,000 after acquiring an additional 283,752 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Pinnacle West Capital by 56.4% during the 1st quarter. AQR Capital Management LLC now owns 414,529 shares of the utilities provider’s stock worth $39,484,000 after acquiring an additional 149,488 shares during the period. Finally, Reaves W H & Co. Inc. boosted its position in shares of Pinnacle West Capital by 8.5% during the 1st quarter. Reaves W H & Co. Inc. now owns 1,509,511 shares of the utilities provider’s stock worth $143,781,000 after acquiring an additional 118,796 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In related news, EVP Jacob Tetlow sold 6,496 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $92.37, for a total value of $600,035.52. Following the completion of the transaction, the executive vice president owned 56 shares in the company, valued at $5,172.72. This trade represents a 99.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Pinnacle West Capital Stock Down 0.9%

Shares of NYSE:PNW opened at $87.67 on Friday. Pinnacle West Capital Corporation has a 52-week low of $81.47 and a 52-week high of $96.50. The company has a market capitalization of $10.47 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 9.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.37 and a current ratio of 0.52. The company has a fifty day moving average of $89.46 and a 200-day moving average of $90.59.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.35. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.Pinnacle West Capital’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. On average, equities analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 4.2%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. The ex-dividend date is Monday, November 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PNW. Royal Bank Of Canada upgraded shares of Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. BMO Capital Markets reiterated a “market perform” rating and issued a $99.00 price target on shares of Pinnacle West Capital in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Wednesday, October 8th. UBS Group upped their price objective on Pinnacle West Capital from $95.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of Pinnacle West Capital in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.54.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.