Published on 15 Apr 2024 on Simply Wall St. via Yahoo Finance
With 89% ownership, Pinnacle West Capital Corporation (NYSE:PNW) boasts of strong institutional...
Key Insights
Given the large stake in the stock by institutions, Pinnacle West Capital's stock price might be vulnerable to their trading decisionsThe top 8 shareholders own 51% of the companyUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
A look at the shareholders of Pinnacle West Capital Corporation (NYSE:PNW) can tell us which group is most powerful. The group holding the most number of shares in the company, around 89% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).