Intech Investment Management LLC Sells 5,586 Shares of Pinnacle West Capital Corporation $PNW

Intech Investment Management LLC decreased its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 43.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,191 shares of the utilities provider’s stock after selling 5,586 shares during the period. Intech Investment Management LLC’s holdings in Pinnacle West Capital were worth $645,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Caldwell Trust Co bought a new stake in shares of Pinnacle West Capital in the second quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital in the 2nd quarter valued at approximately $27,000. Bayforest Capital Ltd acquired a new position in Pinnacle West Capital in the 3rd quarter valued at approximately $29,000. Quent Capital LLC bought a new stake in shares of Pinnacle West Capital in the 3rd quarter worth approximately $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter worth approximately $32,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Performance

Pinnacle West Capital stock opened at $100.81 on Wednesday. The company has a market cap of $12.19 billion, a PE ratio of 19.92, a PEG ratio of 3.72 and a beta of 0.54. 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 Corporation has a 1 year low of $85.32 and a 1 year high of $103.21. The company’s 50-day moving average is $95.05 and its two-hundred day moving average is $91.20.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted ($0.06) earnings per share. Pinnacle West Capital’s revenue for the quarter was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts anticipate that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Citigroup lifted their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note 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. TD Cowen increased their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Finally, Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and an average target price of $100.08.

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.