Tudor Investment Corp ET AL Purchases 219,814 Shares of Pinnacle West Capital Corporation $PNW

Tudor Investment Corp ET AL grew its position in Pinnacle West Capital Corporation (NYSE:PNW) by 407.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 273,713 shares of the utilities provider’s stock after purchasing an additional 219,814 shares during the period. Tudor Investment Corp ET AL’s holdings in Pinnacle West Capital were worth $24,541,000 as of its most recent SEC filing.

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

Pinnacle West Capital Trading Down 0.8%

Shares of PNW opened at $100.15 on Friday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.97. The business has a 50-day moving average of $96.90 and a 200 day moving average of $91.75. The firm has a market cap of $12.11 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 3.70 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 released 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 for the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, research analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their target price on Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Morgan Stanley set a $96.00 price objective on shares of Pinnacle West Capital in a report on Friday, February 20th. Finally, UBS Group boosted their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.08.

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.