Pinnacle West Capital (PNW)

• Market cap: $11.1B
• 1 day: -1.28%
• 5 days: 1.04%
• 1 month: -0.55%
• 3 months: 5.95%
• 6 months: 6.61%
• Year to date: 10.59%
• 1 year: 24.82%
• 5 years: 23.32%
• 10 years: 48.21%
• Sector: Utilities
• Industry: Electric Utilities

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: 6,403

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

239% more call options, than puts

Call options by funds: $16.8M | Put options by funds: $4.94M

67% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 63

20% more repeat investments, than reductions

Existing positions increased: 215 | Existing positions reduced: 179

6% more funds holding

Funds holding: 571 [Q3] → 605 (+34) [Q4]

0.35% more ownership

Funds ownership: 98.87% [Q3] → 99.22% (+0.35%) [Q4]

4% less capital invested

Capital invested by funds: $9.93B [Q3] → $9.56B (-$363M) [Q4]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 6 (-1) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $88 6% downside
• Avg. target: $97 4% upside
• High target: $104 12% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Barclays Nicholas Campanella 56% 1-year accuracy 42 / 75 met price target	1% upside $94	Equal-Weight Maintained	1 Apr 2025
UBS Daniel Ford 57% 1-year accuracy 4 / 7 met price target	6% upside $99	Neutral Maintained	21 Mar 2025
Morgan Stanley David Arcaro 50% 1-year accuracy 24 / 48 met price target	6% downside $88	Equal-Weight Maintained	20 Mar 2025
Guggenheim Shahriar Pourreza 57% 1-year accuracy 13 / 23 met price target	7% upside $100	Buy Reiterated	26 Feb 2025
Wells Fargo Sarah Akers 67% 1-year accuracy 10 / 15 met price target	2% upside $95	Equal-Weight Maintained	26 Feb 2025