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

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

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

Pinnacle West Capital Stock Performance

NYSE PNW opened at $101.69 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $98.16 and its 200-day simple moving average is $92.45. The company has a market cap of $12.29 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.70 and a beta of 0.49. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $103.97.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior 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, equities research analysts anticipate that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen increased their target price on Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a report on Friday, January 23rd. Barclays upped their price objective on shares of Pinnacle West Capital from $97.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Tuesday. KeyCorp lowered shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Finally, Morgan Stanley set a $96.00 target price on shares of Pinnacle West Capital in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital has an average rating of “Hold” and an average target price of $100.92.

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.