Pinnacle West Capital Corporation $PNW Shares Sold by NBC Securities Inc.

NBC Securities Inc. decreased its position in Pinnacle West Capital Corporation (NYSE:PNW) by 98.0% in the 4th quarter, Holdings Channel reports. The fund owned 807 shares of the utilities provider’s stock after selling 38,901 shares during the period. NBC Securities Inc.’s holdings in Pinnacle West Capital were worth $72,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital during the second quarter worth approximately $27,000. Bayforest Capital Ltd acquired a new stake in shares of Pinnacle West Capital during the third quarter worth approximately $29,000. Quent Capital LLC acquired a new stake in shares of Pinnacle West Capital during the third quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital during the second quarter worth approximately $32,000. Finally, CoreCap Advisors LLC grew its position in shares of Pinnacle West Capital by 103.6% during the third quarter. CoreCap Advisors LLC now owns 397 shares of the utilities provider’s stock worth $36,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PNW. BMO Capital Markets raised their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. TD Cowen raised their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Wells Fargo & Company set a $106.00 price target on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Argus raised their price target on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley decreased their price target on shares of Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $103.00.

Pinnacle West Capital Stock Performance

Pinnacle West Capital stock opened at $101.75 on Thursday. The company has a market cap of $12.32 billion, a PE ratio of 20.11, a P/E/G ratio of 3.75 and a beta of 0.49. The company has a fifty day moving average price of $101.34 and a two-hundred day moving average price of $94.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $104.92.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.55% and a return on equity of 8.82%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s payout ratio is currently 71.94%.

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.