Newport Trust Company LLC Sells 15,005 Shares of Pinnacle West Capital Corporation $PNW

Newport Trust Company LLC cut its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,680 shares of the utilities provider’s stock after selling 15,005 shares during the quarter. Newport Trust Company LLC’s holdings in Pinnacle West Capital were worth $43,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PNW. Y Intercept Hong Kong Ltd boosted its stake in shares of Pinnacle West Capital by 164.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after purchasing an additional 27,832 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Pinnacle West Capital by 12.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 1,408 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 154 shares during the last quarter. UniSuper Management Pty Ltd increased its position in shares of Pinnacle West Capital by 12.7% in the third quarter. UniSuper Management Pty Ltd now owns 22,358 shares of the utilities provider’s stock valued at $2,005,000 after acquiring an additional 2,521 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Pinnacle West Capital by 19.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 3,004 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 490 shares during the last quarter. Finally, Probity Advisors Inc. boosted its holdings in shares of Pinnacle West Capital by 10.8% during the third quarter. Probity Advisors Inc. now owns 7,006 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 684 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on PNW. Morgan Stanley reissued an “underperform” rating on shares of Pinnacle West Capital in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price target on shares of Pinnacle West Capital in a report on Friday. Barclays cut their price objective 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. Finally, TD Cowen began coverage on Pinnacle West Capital in a report on Thursday, October 16th. They set a “hold” rating and a $97.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $96.42.

Pinnacle West Capital Trading Down 0.4%

Shares of NYSE:PNW opened at $92.06 on Friday. The stock has a 50 day moving average of $89.33 and a 200 day moving average of $89.89. The company has a market cap of $11.02 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 5.52 and a beta of 0.55. Pinnacle West Capital Corporation has a 12-month low of $84.28 and a 12-month high of $96.50. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business 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, equities research analysts expect that Pinnacle West Capital Corporation will post 5.13 EPS for the current year.

Pinnacle West Capital Announces Dividend

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

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.