Louisiana State Employees Retirement System Makes New Investment in Pinnacle West Capital Corporation $PNW

Louisiana State Employees Retirement System acquired a new position in Pinnacle West Capital Corporation (NYSE:PNW) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,100 shares of the utilities provider’s stock, valued at approximately $615,000.

A number of other large investors also recently modified their holdings of the stock. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital during the second quarter worth $27,000. MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital in the 2nd quarter worth $32,000. Clearstead Advisors LLC raised its holdings in shares of Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. Dorato Capital Management bought a new position in shares of Pinnacle West Capital during the fourth quarter valued at about $69,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Pinnacle West Capital by 102.1% during the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after purchasing an additional 488 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were 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 directly owned 6,634 shares in the company, valued at $656,766. The trade was a 49.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by insiders.

Pinnacle West Capital Stock Up 1.6%

Shares of NYSE PNW opened at $108.67 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a market cap of $13.17 billion, a P/E ratio of 20.24, a P/E/G ratio of 3.91 and a beta of 0.43. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $110.41. The business has a 50-day simple moving average of $102.70 and a two-hundred day simple moving average of $98.83.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted ($0.04) earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts anticipate that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.3%. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Analyst Ratings Changes

PNW has been the subject of several analyst reports. Truist Financial decreased their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Barclays upped their target price on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a research report on Tuesday, April 21st. TD Cowen lifted their price objective on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.