Cambiar Investors LLC Cuts Stake in Pinnacle West Capital Corporation $PNW

Cambiar Investors LLC cut its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 38.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 53,752 shares of the utilities provider’s stock after selling 34,179 shares during the period. Cambiar Investors LLC’s holdings in Pinnacle West Capital were worth $4,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caldwell Trust Co purchased a new position in Pinnacle West Capital during the second quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter worth $27,000. Bayforest Capital Ltd purchased a new position in shares of Pinnacle West Capital in the 3rd quarter worth $29,000. Quent Capital LLC acquired a new position in Pinnacle West Capital in the third quarter valued at $30,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Pinnacle West Capital during the second quarter valued at about $31,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

PNW has been the subject of several research analyst reports. TD Cowen began coverage on Pinnacle West Capital in a research note on Thursday, October 16th. They set a “hold” rating and a $97.00 price target for the company. Jefferies Financial Group restated a “buy” rating and issued a $115.00 price target on shares of Pinnacle West Capital in a report on Tuesday, November 4th. Zacks Research raised shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Argus dropped their price objective on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company reduced their target price on shares of Pinnacle West Capital from $92.00 to $91.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $96.42.

Pinnacle West Capital Stock Up 1.9%

Shares of NYSE:PNW opened at $94.75 on Wednesday. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 5.56 and a beta of 0.55. The company has a 50 day moving average of $89.52 and a two-hundred day moving average of $89.92. Pinnacle West Capital Corporation has a 52-week low of $85.03 and a 52-week high of $96.50. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 earnings per share. 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 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be paid a $0.91 dividend. The ex-dividend date is Monday, February 2nd. This represents a $3.64 annualized dividend and a dividend yield of 3.8%. Pinnacle West Capital’s payout ratio is 74.74%.

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.