Pinnacle West Capital Corporation $PNW Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 104.2% during the third quarter, Holdings Channel reports. The institutional investor owned 27,984 shares of the utilities provider’s stock after acquiring 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.

A number of other institutional investors also recently made changes to their positions in the stock. Caldwell Trust Co bought a new position in shares of Pinnacle West Capital in the second quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital during the second quarter worth approximately $27,000. Bayforest Capital Ltd acquired a new stake in Pinnacle West Capital in the third quarter worth approximately $29,000. Quent Capital LLC acquired a new stake in Pinnacle West Capital in the third quarter worth approximately $30,000. Finally, MUFG Securities EMEA plc bought a new position in Pinnacle West Capital during the 2nd quarter valued at $32,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Price Performance

NYSE PNW opened at $100.90 on Thursday. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $103.97. The business’s fifty day moving average is $96.68 and its two-hundred day moving average is $91.70. The stock has a market capitalization of $12.20 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.76 and a beta of 0.54. 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 posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping 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 company earned ($0.06) EPS. The business’s revenue for the quarter 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. On average, research analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PNW. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research report on Thursday, February 26th. Morgan Stanley set a $96.00 price objective on Pinnacle West Capital in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a report on Friday, January 23rd. TD Cowen boosted their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Finally, 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 report on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.08.

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.