Pinnacle West Capital Corporation $PNW Stock Holdings Reduced by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. reduced its position in Pinnacle West Capital (NYSE:PNW) by 2.8% in Q4, selling 83,241 shares to hold 2,900,385 shares (about 2.42% of the company) valued at roughly $257.3 million.
• Pinnacle West beat quarterly EPS expectations ($0.13 vs. $0.05), set FY2026 guidance of 4.550–4.750 EPS (analysts average ~5.13 EPS), and the stock trades near its 52‑week high with a $12.55 billion market cap and a consensus price target of about $100.92 (average rating: Hold).

Massachusetts Financial Services Co. MA lowered its position in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900,385 shares of the utilities provider's stock after selling 83,241 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.42% of Pinnacle West Capital worth $257,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider's stock valued at $1,421,407,000 after purchasing an additional 758,190 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Pinnacle West Capital by 8.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider's stock valued at $647,679,000 after purchasing an additional 568,581 shares in the last quarter. Reaves W H & Co. Inc. grew its stake in Pinnacle West Capital by 21.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider's stock valued at $161,757,000 after purchasing an additional 316,193 shares in the last quarter. First Trust Advisors LP grew its stake in Pinnacle West Capital by 6.3% in the third quarter. First Trust Advisors LP now owns 1,307,421 shares of the utilities provider's stock valued at $117,223,000 after purchasing an additional 76,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Pinnacle West Capital by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,265,651 shares of the utilities provider's stock valued at $113,466,000 after purchasing an additional 113,585 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $103.67 on Monday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $104.92. The business has a 50-day moving average of $99.54 and a two-hundred day moving average of $93.30. The stock has a market capitalization of $12.55 billion, a P/E ratio of 20.49, a P/E/G ratio of 3.80 and a beta of 0.49. 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 (NYSE:PNW - Get Free Report) last announced 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 return on equity of 8.82% and a net margin of 11.55%.The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business's quarterly 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. On average, equities research analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on PNW shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Morgan Stanley set a $96.00 price target on Pinnacle West Capital in a research report on Friday, February 20th. TD Cowen boosted their price target on Pinnacle West Capital from $97.00 to $100.00 and gave the stock a "hold" rating in a research report on Thursday, February 26th. Barclays boosted their price target on Pinnacle West Capital from $97.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Pinnacle West Capital presently has an average rating of "Hold" and a consensus price target of $100.92.

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.

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