Pinnacle West Capital
About: Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in one of the largest nuclear plants in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.
Employees: 6,133
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
298% more call options, than puts
Call options by funds: $32.7M | Put options by funds: $8.22M
66% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 47
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
13% more capital invested
Capital invested by funds: $8.82B [Q2] → $9.93B (+$1.12B) [Q3]
6% more funds holding
Funds holding: 538 [Q2] → 569 (+31) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 192 | Existing positions reduced: 189
2.69% less ownership
Funds ownership: 101.64% [Q2] → 98.95% (-2.69%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Citigroup Ryan Levine 67% 1-year accuracy 4 / 6 met price target | 12%upside $95 | Neutral Maintained | 4 Dec 2024 |
Keybanc Sophie Karp 50% 1-year accuracy 23 / 46 met price target | 19%upside $101 | Overweight Upgraded | 4 Dec 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target | 5%downside $81 | Equal-Weight Maintained | 22 Nov 2024 |
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target | 7%upside $91 | Equal-Weight Downgraded | 18 Nov 2024 |
Wells Fargo Sarah Akers 57% 1-year accuracy 8 / 14 met price target | 8%upside $92 | Equal-Weight Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 4 articles about PNW published over the past 30 days
