8,872 Shares in Pinnacle West Capital Corporation $PNW Bought by TABR Capital Management LLC

TABR Capital Management LLC acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,872 shares of the utilities provider’s stock, valued at approximately $787,000.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of Pinnacle West Capital by 5.0% in the 3rd 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in 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 worth $647,679,000 after purchasing an additional 568,581 shares during the period. Assenagon Asset Management S.A. raised its position in Pinnacle West Capital by 133.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock worth $81,665,000 after purchasing an additional 526,212 shares during the period. Reaves W H & Co. Inc. lifted its stake in Pinnacle West Capital by 21.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock worth $161,757,000 after purchasing an additional 316,193 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Pinnacle West Capital by 458.3% in the third quarter. Qube Research & Technologies Ltd now owns 296,963 shares of the utilities provider’s stock worth $26,626,000 after purchasing an additional 243,769 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of NYSE:PNW opened at $101.09 on Wednesday. The firm has a market cap of $12.23 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.77 and a beta of 0.49. The firm’s 50 day simple moving average is $100.83 and its 200-day simple moving average is $94.04. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $104.92. 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 results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities analysts predict that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Barclays upped their price objective on Pinnacle West Capital from $97.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Argus increased their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley decreased their target price on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.00.

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.