<div id="readability-page-1"><p>Epoch Investment Partners Inc. cut its stake in  Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,192 shares of the utilities provider's stock after selling 40,317 shares during the quarter. Epoch Investment Partners Inc. owned 0.41% of Pinnacle West Capital worth $44,126,000 at the end of the most recent quarter.</p><ul><li>Are defensive sectors ready to outshine growth in 2024?</li></ul><p>Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC boosted its position in shares of  Pinnacle West Capital by 4,666.1% during the second quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider's stock worth $12,490,000 after purchasing an additional 136,670 shares in the last quarter.  Holland Advisory Services Inc. bought a new stake in shares of  Pinnacle West Capital in the 2nd quarter valued at $266,000.  Marshall Financial Group LLC acquired a new stake in  Pinnacle West Capital during the 2nd quarter worth $540,000.  UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in  Pinnacle West Capital by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 324,764 shares of the utilities provider's stock worth $30,934,000 after acquiring an additional 11,356 shares in the last quarter.  Finally, Entropy Technologies LP lifted its holdings in  Pinnacle West Capital by 57.1% during the second quarter. Entropy Technologies LP now owns 21,764 shares of the utilities provider's stock worth $1,947,000 after acquiring an additional 7,913 shares in the last quarter. Institutional investors own  91.51% of the company's stock. </p><div><p><span></span><span>Get <strong>Pinnacle West Capital</strong> alerts:</span></p></div><h2>Pinnacle West Capital Price Performance</h2><p>NYSE PNW opened at $88.05 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28. Pinnacle West Capital Corporation has a 12-month low of $81.47 and a 12-month high of $96.50. The company has a market capitalization of $10.54 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 8.74 and a beta of 0.54. The firm's 50 day moving average is $90.08 and its 200-day moving average is $90.02. </p><ul><li>Ready for the Utilities Rebound? Here Are the Best Picks</li></ul><p>Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping the consensus estimate of $3.04 by $0.35. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.78 billion. During the same quarter in the prior year, the company posted $3.37 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. 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.  Equities research analysts anticipate that  Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year. </p><h2>Pinnacle West Capital Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 3rd were given a $0.91 dividend. This is an increase from Pinnacle West Capital's previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, November 3rd. Pinnacle West Capital's dividend payout ratio (DPR) is presently 74.74%. </p><h2>Analyst Ratings Changes</h2><ul><li>NRG Fastest Mover in S&amp;P As Activist Investor Pushes For Change</li></ul><p>Several equities research analysts have issued reports on the company. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Pinnacle West Capital in a report on Wednesday, October 8th. Wells Fargo &amp; Company raised Pinnacle West Capital to a &#34;hold&#34; rating in a research note on Tuesday, October 28th. Morgan Stanley  set a $91.00 price target on shares of Pinnacle West Capital in a research note on Thursday, November 20th. Barclays increased their price objective on shares of Pinnacle West Capital from $93.00 to $95.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Tuesday, October 7th. Finally, Mizuho cut shares of Pinnacle West Capital from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and cut their price objective for the company from $102.00 to $90.00 in a research report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $97.58.</p><p><b>Read Our Latest Research Report on PNW</b></p><h2>Pinnacle West Capital Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Pinnacle West Capital</li><li>What Are Growth Stocks and Investing in Them </li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>What is a SEC Filing?</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Pinnacle West Capital Right Now?</h2><p>Before you consider Pinnacle West Capital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pinnacle West Capital wasn't on the list.</p><p>While Pinnacle West Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Epoch Investment Partners Inc. reduced its stake in Pinnacle West Capital Corporation by 7.6% in Q2, owning 493,192 shares worth $44.13 million. Other investors adjusted their positions, with AE Wealth Management LLC significantly increasing its stake. Pinnacle West Capital reported Q3 earnings of $3.39 per share, surpassing estimates, and increased its dividend to $0.91. Analysts have mixed ratings, with price targets ranging from $90 to $95. The company has set future EPS guidance and institutional investors own 91.51% of its stock.</p>

Epoch Investment Partners Inc. Has $44.13 Million Position in Pinnacle West Capital Corporation $PNW