Pinnacle West Capital (PNW)

• Market cap: $10.6B
• 1 day: 0.03%
• 5 days: -0.87%
• 1 month: 2.38%
• 3 months: 9.50%
• 6 months: 5.38%
• Year to date: 10.33%
• 1 year: 25.65%
• 5 years: 19.82%
• 10 years: 47.53%
• 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

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

• Low target: $88 5% downside
• Avg. target: $97 4% upside
• High target: $104 12% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

UBS Daniel Ford 57% 1-year accuracy 4 / 7 met price target	6% upside $99	Neutral Maintained	21 Mar 2025
Morgan Stanley David Arcaro 48% 1-year accuracy 23 / 48 met price target	5% downside $88	Equal-Weight Maintained	20 Mar 2025
Guggenheim Shahriar Pourreza 50% 1-year accuracy 11 / 22 met price target	8% upside $100	Buy Reiterated	26 Feb 2025
Wells Fargo Sarah Akers 53% 1-year accuracy 8 / 15 met price target	2% upside $95	Equal-Weight Maintained	26 Feb 2025
Jefferies Julien Dumoulin-Smith 58% 1-year accuracy 47 / 81 met price target	12% upside $104	Buy Maintained	28 Jan 2025