Pinnacle West Capital (PNW)

• Market cap: $10.8B
• 1 day: -0.19%
• 5 days: 3.83%
• 1 month: 0.94%
• 3 months: 12.76%
• 6 months: 5.04%
• Year to date: 12.76%
• 1 year: 28.39%
• 5 years: 34.20%
• 10 years: 48.45%
• Sector: Utilities
• Industry: Electric Services

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 Q4 regulatory filings 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

19% more repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 180

6% more funds holding

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

0.25% less ownership

Funds ownership: 99.5% [Q3] → 99.25% (-0.25%) [Q4]

4% less capital invested

Capital invested by funds: $9.99B [Q3] → $9.56B (-$427M) [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 7% downside
• Avg. target: $97 2% upside
• High target: $104 9% upside

6 analyst ratings

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

Barclays Nicholas Campanella 57% 1-year accuracy 43 / 75 met price target	1% downside $94	Equal-Weight Maintained	1 Apr 2025
UBS Daniel Ford 86% 1-year accuracy 6 / 7 met price target	4% upside $99	Neutral Maintained	21 Mar 2025
Morgan Stanley David Arcaro 50% 1-year accuracy 24 / 48 met price target	7% downside $88	Equal-Weight Maintained	20 Mar 2025
Guggenheim Shahriar Pourreza 59% 1-year accuracy 13 / 22 met price target	5% upside $100	Buy Reiterated	26 Feb 2025
Wells Fargo Sarah Akers 73% 1-year accuracy 11 / 15 met price target	0% downside $95	Equal-Weight Maintained	26 Feb 2025