Pinnacle West Capital (NYSE:PNW) EVP Sells $650,133.00 in Stock

Pinnacle West Capital Corporation (NYSE:PNW) EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the transaction, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $98.46 on Friday. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. The company has a fifty day simple moving average of $101.32 and a two-hundred day simple moving average of $94.97. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $104.92. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities analysts anticipate that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s payout ratio is 67.78%.

Institutional Investors Weigh In On Pinnacle West Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Pinnacle West Capital in the second quarter valued at about $27,000. Bayforest Capital Ltd purchased a new stake in shares of Pinnacle West Capital in the third quarter valued at about $29,000. Quent Capital LLC purchased a new stake in shares of Pinnacle West Capital in the third quarter valued at about $30,000. MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital during the second quarter worth about $32,000. Finally, Clearstead Advisors LLC increased its stake in shares of Pinnacle West Capital by 88.5% during the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PNW. BMO Capital Markets lifted their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Weiss Ratings raised shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Truist Financial began coverage on shares of Pinnacle West Capital in a research report on Monday, April 20th. They set a “hold” rating and a $108.00 price objective for the company. Barclays lifted their price objective on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley reduced their price target on shares of Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.14.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.