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: 6,403
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
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Nicholas Campanella 58% 1-year accuracy 46 / 80 met price target | 1%downside $94 | Equal-Weight Maintained | 1 Apr 2025 |
UBS Daniel Ford 71% 1-year accuracy 5 / 7 met price target | 4%upside $99 | Neutral Maintained | 21 Mar 2025 |
Morgan Stanley David Arcaro 50% 1-year accuracy 23 / 46 met price target | 8%downside $88 | Equal-Weight Maintained | 20 Mar 2025 |
Guggenheim Shahriar Pourreza 52% 1-year accuracy 12 / 23 met price target | 5%upside $100 | Buy Reiterated | 26 Feb 2025 |
Wells Fargo Sarah Akers 87% 1-year accuracy 13 / 15 met price target | 0%downside $95 | Equal-Weight Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 5 articles about PNW published over the past 30 days
