Pinnacle West Capital (NYSE:PNW) SVP Jose Luis Esparza, Jr. Sells 1,800 Shares

Pinnacle West Capital Corporation (NYSE:PNW) SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the transaction, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. The trade was a 26.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Pinnacle West Capital Stock Up 0.8%

PNW stock opened at $100.03 on Wednesday. The company has a 50 day moving average price of $104.56 and a two-hundred day moving average price of $101.45. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The stock has a market capitalization of $12.12 billion, a P/E ratio of 19.16, a PEG ratio of 3.63 and a beta of 0.44. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $111.16.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company earned $1.58 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts expect that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is presently 69.73%.

Hedge Funds Weigh In On Pinnacle West Capital

Several hedge funds and other institutional investors have recently modified their holdings of PNW. Allworth Financial LP purchased a new stake in shares of Pinnacle West Capital during the 2nd quarter worth about $153,000. Virtus Advisers LLC purchased a new position in Pinnacle West Capital in the second quarter valued at approximately $504,000. Silvant Capital Management LLC purchased a new position in Pinnacle West Capital in the second quarter valued at approximately $193,000. Ceredex Value Advisors LLC acquired a new position in Pinnacle West Capital during the second quarter valued at approximately $11,874,000. Finally, Portfolio Design Labs LLC acquired a new position in Pinnacle West Capital during the second quarter valued at approximately $1,054,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PNW has been the topic of a number of research analyst reports. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. TD Cowen boosted their target price on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.07.

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.