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

Aventail Capital Group LP lowered its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 25.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 215,656 shares of the utilities provider’s stock after selling 71,885 shares during the period. Aventail Capital Group LP’s holdings in Pinnacle West Capital were worth $19,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Pinnacle West Capital by 5.0% during the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after acquiring an additional 758,190 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Pinnacle West Capital by 2.2% in the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after acquiring an additional 316,629 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Pinnacle West Capital by 8.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after purchasing an additional 568,581 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Pinnacle West Capital by 2.5% in the 2nd quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider’s stock valued at $380,154,000 after purchasing an additional 102,778 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Pinnacle West Capital by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,026,662 shares of the utilities provider’s stock valued at $270,282,000 after purchasing an additional 33,216 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PNW. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. TD Cowen upped their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. UBS Group increased their price target on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Finally, Morgan Stanley set a $96.00 price objective on Pinnacle West Capital in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Trading Up 1.4%

Shares of NYSE PNW opened at $102.90 on Friday. The firm has a 50 day moving average price of $95.83 and a two-hundred day moving average price of $91.43. The stock has a market cap of $12.44 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.78 and a beta of 0.54. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $103.42. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54.

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

Pinnacle West Capital 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.