Tema Etfs LLC Boosts Stake in Pinnacle West Capital Corporation $PNW

Tema Etfs LLC increased its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,790 shares of the utilities provider’s stock after buying an additional 13,503 shares during the quarter. Tema Etfs LLC owned about 0.05% of Pinnacle West Capital worth $5,481,000 as of its most recent SEC filing.

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

Pinnacle West Capital Stock Up 0.9%

Shares of PNW stock opened at $101.69 on Thursday. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $103.97. The stock has a market cap of $12.29 billion, a P/E ratio of 20.10, a P/E/G ratio of 3.70 and a beta of 0.49. The stock has a 50 day moving average of $98.16 and a 200 day moving average of $92.45. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30.

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, topping the consensus estimate of $0.05 by $0.08. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts expect that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PNW shares. Citigroup upped their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Morgan Stanley set a $96.00 price target on shares of Pinnacle West Capital in a research report on Friday, February 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a report on Friday, January 23rd. TD Cowen increased 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. Finally, Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $100.92.

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.