RIA Advisory Group LLC Purchases New Holdings in Pinnacle West Capital Corporation $PNW

Key Points

• RIA Advisory Group bought a new stake of 11,073 shares (~$982,000) in Pinnacle West during Q4, and institutional investors now own about 91.51% of the company.
• Pinnacle West beat Q4 EPS expectations (reported $0.13 vs. $0.05 consensus) and set FY2026 guidance of 4.55–4.75 EPS, while analysts maintain an average "Hold" rating with a $103 price target.
• The company declared a quarterly dividend of $0.91 (annualized $3.64) payable June 1 with an ex-dividend date of May 4, implying a yield of roughly 3.5%.

RIA Advisory Group LLC purchased a new stake in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,073 shares of the utilities provider's stock, valued at approximately $982,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in Pinnacle West Capital by 9.8% in the 4th quarter. Fifth Third Bancorp now owns 4,381 shares of the utilities provider's stock valued at $389,000 after acquiring an additional 392 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Pinnacle West Capital in the 4th quarter valued at about $405,000. M&T Bank Corp increased its position in Pinnacle West Capital by 10.6% in the 4th quarter. M&T Bank Corp now owns 12,036 shares of the utilities provider's stock valued at $1,068,000 after acquiring an additional 1,158 shares during the period. D.A. Davidson & CO. increased its position in Pinnacle West Capital by 7.2% in the 4th quarter. D.A. Davidson & CO. now owns 11,350 shares of the utilities provider's stock valued at $1,007,000 after acquiring an additional 764 shares during the period. Finally, High Point Wealth Management LLC acquired a new position in Pinnacle West Capital in the 4th quarter valued at about $168,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research report on Thursday, February 26th. Weiss Ratings restated a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Citigroup boosted their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. TD Cowen boosted their target price 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $103.00 target price on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $103.00.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $103.67 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The business's 50 day moving average is $101.45 and its two-hundred day moving average is $94.55. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $104.92. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 3.79 and a beta of 0.46.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. 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 EPS for the current year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be issued a $0.91 dividend. The ex-dividend date is Monday, May 4th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. Pinnacle West Capital's dividend payout ratio is currently 71.94%.

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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