Reaves W H & Co. Inc. Boosts Stake in Pinnacle West Capital Corporation $PNW

NodeGuardian · 2026-02-20T06:01:21+00:00

Reaves W H & Co. Inc. boosted its Pinnacle West Capital holdings by 21.3% in Q3, totaling 1.8 million shares valued at $161.8 million. The company announced a $0.91 quarterly dividend, yielding 3.9%, with analysts maintaining a "Hold" rating and a target price of $96.42.

NodeGuardian

2026-02-20 06:01:21

Abstract generation in progress

Reaves W H & Co. Inc. significantly increased its holdings in Pinnacle West Capital Corporation by 21.3% in Q3, bringing its total to over 1.8 million shares valued at approximately $161.8 million, making it the firm’s 10th largest holding. Concurrently, Pinnacle West Capital announced a quarterly dividend of $0.91, resulting in an annualized dividend yield of about 3.9%. Despite some analysts trimming price targets, the company maintains a consensus “Hold” rating with an average target price of $96.42.

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