Ceredex Value Advisors LLC Buys New Position in Pinnacle West Capital Corporation $PNW

Ceredex Value Advisors LLC purchased a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 197,700 shares of the utilities provider’s stock, valued at approximately $17,726,000.

Several other institutional investors have also added to or reduced their stakes in the business. Caldwell Trust Co purchased a new stake in shares of Pinnacle West Capital during the second quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter valued at approximately $27,000. Bayforest Capital Ltd purchased a new position in shares of Pinnacle West Capital in the 3rd quarter valued at approximately $29,000. Quent Capital LLC acquired a new stake in Pinnacle West Capital in the 3rd quarter worth approximately $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in Pinnacle West Capital in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

PNW has been the topic of a number of recent analyst reports. Morgan Stanley set a $96.00 price target on shares of Pinnacle West Capital in a research note on Friday, February 20th. TD Cowen lifted their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Wells Fargo & Company boosted their price objective on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Stifel Nicolaus set a $107.00 target price on Pinnacle West Capital in a research report on Thursday, February 26th. Finally, UBS Group raised their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Three equities 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $101.23 on Tuesday. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $103.21. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The company has a market cap of $12.24 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The company’s 50 day moving average is $94.82 and its 200 day moving average is $91.13.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. Pinnacle West Capital’s payout ratio is currently 71.94%.

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.