Pinnacle West Capital Corporation $PNW Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 105.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,550 shares of the utilities provider’s stock after purchasing an additional 7,978 shares during the period. Pinnacle West Capital makes up about 0.9% of Fulcrum Asset Management LLP’s portfolio, making the stock its 26th biggest holding. Fulcrum Asset Management LLP’s holdings in Pinnacle West Capital were worth $1,394,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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 report on Thursday, February 26th. Citigroup boosted their target price on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. BMO Capital Markets upped their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a report on Friday, January 23rd. Finally, Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $100.08.

Pinnacle West Capital Stock Down 0.4%

Shares of PNW stock opened at $102.63 on Wednesday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $103.97. The firm has a market capitalization of $12.41 billion, a PE ratio of 20.28, a P/E/G ratio of 3.78 and a beta of 0.54. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54. The stock’s 50-day simple moving average is $96.41 and its 200-day simple moving average is $91.63.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue 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 expect that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current year.

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.