Rakuten Investment Management Inc. Acquires New Position in Pinnacle West Capital Corporation $PNW

Rakuten Investment Management Inc. acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the third quarter, HoldingsChannel reports. The fund acquired 24,912 shares of the utilities provider’s stock, valued at approximately $2,234,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caldwell Trust Co purchased a new stake in shares of Pinnacle West Capital during the 2nd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new stake in Pinnacle West Capital during the second quarter worth $27,000. Bayforest Capital Ltd purchased a new stake in Pinnacle West Capital during the third quarter worth $29,000. Quent Capital LLC acquired a new stake in Pinnacle West Capital in the third quarter valued at $30,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Pinnacle West Capital in the second quarter valued at $31,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Trading Down 0.4%

Shares of PNW opened at $92.06 on Friday. Pinnacle West Capital Corporation has a fifty-two week low of $84.28 and a fifty-two week high of $96.50. The company has a market capitalization of $11.02 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 5.53 and a beta of 0.55. The stock has a fifty day moving average of $89.33 and a two-hundred day moving average of $89.88. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the business earned $3.37 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 4.0%. Pinnacle West Capital’s dividend payout ratio is 74.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Argus reduced their price target on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Barclays dropped their price objective on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Morgan Stanley reaffirmed an “underperform” rating on shares of Pinnacle West Capital in a research note on Wednesday. Finally, UBS Group raised their price target on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus target price of $96.42.

About Pinnacle West Capital

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.