Linden Advisors LP Invests $1.21 Million in Pinnacle West Capital Corporation $PNW

Linden Advisors LP acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 13,500 shares of the utilities provider’s stock, valued at approximately $1,208,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at about $31,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Pinnacle West Capital by 72.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 508 shares of the utilities provider’s stock worth $45,000 after buying an additional 213 shares in the last quarter. Brooklyn Investment Group raised its position in Pinnacle West Capital by 440.0% in the 1st quarter. Brooklyn Investment Group now owns 486 shares of the utilities provider’s stock valued at $46,000 after buying an additional 396 shares during the last quarter. CNB Bank acquired a new stake in Pinnacle West Capital in the 2nd quarter valued at approximately $64,000. Finally, Bayforest Capital Ltd lifted its stake in Pinnacle West Capital by 82.6% in the 1st quarter. Bayforest Capital Ltd now owns 935 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 423 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PNW shares. Royal Bank Of Canada raised shares of Pinnacle West Capital to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of Pinnacle West Capital in a research note on Tuesday, November 4th. Barclays increased their price objective on shares of Pinnacle West Capital from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, KeyCorp downgraded Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $97.58.

Pinnacle West Capital Price Performance

Shares of PNW opened at $87.76 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The company’s fifty day simple moving average is $89.92 and its 200 day simple moving average is $89.88. Pinnacle West Capital Corporation has a 1-year low of $81.47 and a 1-year high of $96.50. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 8.61 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.37 EPS. 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. On average, research analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, February 2nd. Pinnacle West Capital’s payout ratio is 74.74%.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.