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 the largest nuclear plant 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
41% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 54
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 (+$1.11B) [Q3]
4% more funds holding
Funds holding: 537 [Q2] → 559 (+22) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 187
2.74% less ownership
Funds ownership: 101.64% [Q2] → 98.9% (-2.74%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Wells Fargo Sarah Akers 93% 1-year accuracy 13 / 14 met price target | 0%upside $92 | Equal-Weight Maintained | 7 Nov 2024 |
Wells Fargo Sarah Akers 93% 1-year accuracy 13 / 14 met price target | 2%downside $90 | Equal-Weight Maintained | 16 Oct 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 22 / 36 met price target | 10%downside $83 | Equal-Weight Maintained | 25 Sept 2024 |
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 13%upside $104 | Buy Initiated | 19 Sept 2024 |
Morgan Stanley Stephen Byrd 46% 1-year accuracy 22 / 48 met price target | 15%downside $78 | Equal-Weight Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 9 articles about PNW published over the past 30 days
