Gotham Asset Management LLC Grows Holdings in Pinnacle West Capital Corporation $PNW

Gotham Asset Management LLC grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 37.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 367,950 shares of the utilities provider’s stock after buying an additional 100,120 shares during the quarter. Gotham Asset Management LLC owned 0.31% of Pinnacle West Capital worth $32,990,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Brevan Howard Capital Management LP increased its stake in Pinnacle West Capital by 47.5% in the third quarter. Brevan Howard Capital Management LP now owns 73,711 shares of the utilities provider’s stock valued at $6,609,000 after acquiring an additional 23,728 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Pinnacle West Capital by 48.9% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,416 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 1,779 shares in the last quarter. Bridgefront Capital LLC lifted its stake in Pinnacle West Capital by 121.9% during the third quarter. Bridgefront Capital LLC now owns 11,627 shares of the utilities provider’s stock worth $1,042,000 after purchasing an additional 6,388 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of Pinnacle West Capital by 7.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 4,362 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 313 shares in the last quarter. Finally, Aristotle Capital Boston LLC purchased a new position in shares of Pinnacle West Capital in the 3rd quarter worth about $1,007,000. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Trading Up 0.2%

NYSE PNW opened at $103.09 on Tuesday. The firm has a market cap of $12.46 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.78 and a beta of 0.54. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $103.97. The stock has a 50-day moving average of $96.14 and a 200-day moving average of $91.54. 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 posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (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%.Pinnacle West Capital’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts forecast that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PNW shares. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Citigroup upped their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Barclays reduced their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. UBS Group boosted their price objective on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Company 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.