Sei Investments Co. Has $17.86 Million Stock Holdings in Pinnacle West Capital Corporation $PNW

Sei Investments Co. grew its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 20.8% during the 1st quarter, HoldingsChannel reports. The firm owned 177,298 shares of the utilities provider’s stock after purchasing an additional 30,571 shares during the quarter. Sei Investments Co.’s holdings in Pinnacle West Capital were worth $17,862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DNB Asset Management AS boosted its stake in shares of Pinnacle West Capital by 61.3% in the 4th quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock valued at $3,978,000 after purchasing an additional 17,037 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Pinnacle West Capital by 53.0% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 277,946 shares of the utilities provider’s stock valued at $24,654,000 after purchasing an additional 96,236 shares during the last quarter. Qsemble Capital Management LP increased its position in Pinnacle West Capital by 393.7% during the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock worth $4,316,000 after purchasing an additional 38,805 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Pinnacle West Capital during the 4th quarter worth approximately $1,789,000. Finally, Oak Thistle LLC boosted its position in Pinnacle West Capital by 251.0% in the fourth quarter. Oak Thistle LLC now owns 44,316 shares of the utilities provider’s stock valued at $3,931,000 after buying an additional 31,690 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Trading Down 2.8%

Shares of NYSE PNW opened at $102.34 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $111.16. The firm has a 50 day moving average price of $104.62 and a two-hundred day moving average price of $100.90. The stock has a market cap of $12.40 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 3.83 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities analysts forecast that Pinnacle West Capital Corporation will post 4.74 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 67.78%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a report on Tuesday, April 21st. Truist Financial reduced their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.07.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

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.