--- title: "Newport Trust Company LLC Reduces Position in Pinnacle West Capital Corporation $PNW" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/273611388.md" description: "Newport Trust Company LLC reduced its stake in Pinnacle West Capital Corporation (NYSE: PNW) by 3.0% in Q3, now holding 485,680 shares valued at $43.5 million. Other institutional investors, including Vanguard and Invesco, also adjusted their positions. Analysts have mixed ratings on PNW, with a consensus hold rating and a target price of $96.42. The stock opened at $92.06, with a market cap of $11.02 billion and a recent earnings report showing $3.39 EPS, exceeding estimates. Pinnacle West's revenue increased by 2.9% year-over-year." datetime: "2026-01-25T12:17:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273611388.md) - [en](https://longbridge.com/en/news/273611388.md) - [zh-HK](https://longbridge.com/zh-HK/news/273611388.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/273611388.md) | [English](https://longbridge.com/en/news/273611388.md) # Newport Trust Company LLC Reduces Position in Pinnacle West Capital Corporation $PNW Newport Trust Company LLC decreased its holdings in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,680 shares of the utilities provider's stock after selling 15,005 shares during the period. Newport Trust Company LLC owned 0.41% of Pinnacle West Capital worth $43,546,000 at the end of the most recent reporting period. Get **Pinnacle West Capital** alerts: - Are defensive sectors ready to outshine growth in 2024? A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Pinnacle West Capital by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider's stock valued at $1,322,482,000 after buying an additional 316,629 shares in the last quarter. Invesco Ltd. increased its position in shares of Pinnacle West Capital by 2.5% during the second quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider's stock valued at $380,154,000 after buying an additional 102,778 shares during the period. Geode Capital Management LLC increased its position in shares of Pinnacle West Capital by 1.1% during the second quarter. Geode Capital Management LLC now owns 3,026,662 shares of the utilities provider's stock valued at $270,282,000 after buying an additional 33,216 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pinnacle West Capital by 7.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,983,626 shares of the utilities provider's stock worth $267,512,000 after buying an additional 203,136 shares in the last quarter. Finally, ATLAS Infrastructure Partners UK Ltd. lifted its holdings in shares of Pinnacle West Capital by 2.5% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,862,950 shares of the utilities provider's stock worth $256,148,000 after buying an additional 69,404 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors. ## Analyst Upgrades and Downgrades A number of research firms recently weighed in on PNW. Jefferies Financial Group reaffirmed a "buy" rating and set a $115.00 target price on shares of Pinnacle West Capital in a report on Tuesday, November 4th. UBS Group boosted their price target on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pinnacle West Capital in a report on Thursday. Zacks Research upgraded Pinnacle West Capital from a "strong sell" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Barclays dropped their price objective on Pinnacle West Capital from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $96.42. - Ready for the Utilities Rebound? Here Are the Best Picks **Check Out Our Latest Research Report on PNW** ## Pinnacle West Capital Price Performance PNW opened at $92.06 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 stock has a market capitalization of $11.02 billion, a P/E ratio of 18.90, a PEG ratio of 5.52 and a beta of 0.55. The stock has a 50-day moving average price of $89.33 and a 200-day moving average price of $89.89. Pinnacle West Capital Corporation has a 12-month low of $84.28 and a 12-month high of $96.50. - NRG Fastest Mover in S&P As Activist Investor Pushes For Change Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $3.37 EPS. Pinnacle West Capital's quarterly revenue was up 2.9% compared to the same quarter last year. 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 analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 annualized dividend and a dividend yield of 4.0%. Pinnacle West Capital's dividend payout ratio (DPR) is currently 74.74%. ## About Pinnacle West Capital (Free Report) 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. ## Further Reading - Five stocks we like better than Pinnacle West Capital - How a Family Trust May Be Able To Help Preserve Your Wealth - Do not delete, read immediately - The $100 Trillion AI Story No One Is Telling You - NEW LAW: Congress Approves Setup For Digital Dollar? - A U.S. “birthright” claim worth trillions - activated quietly **Want to see what other hedge funds are holding PNW?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinnacle West Capital Corporation (NYSE:PNW - Free Report). _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._ ## Should You Invest $1,000 in Pinnacle West Capital Right Now? Before you consider Pinnacle West Capital, you'll want to hear this. 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. While Pinnacle West Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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