Invst LLC Takes Position in Pinnacle West Capital Corporation $PNW

Invst LLC bought a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,812 shares of the utilities provider’s stock, valued at approximately $729,000.

Several other large investors have also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its stake in shares of Pinnacle West Capital by 109.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the second quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital in the second quarter worth approximately $32,000. Compass Financial Management LLC purchased a new stake in Pinnacle West Capital in the second quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC grew its holdings in 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 period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Trading Down 0.0%

NYSE:PNW opened at $97.69 on Wednesday. The business’s 50-day moving average is $103.98 and its two-hundred day moving average is $101.89. The firm has a market capitalization of $11.84 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 3.57 and a beta of 0.44. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $111.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $1.58 EPS. Pinnacle West Capital’s quarterly revenue was up 7.1% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts predict that Pinnacle West Capital Corporation will post 4.71 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 Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.7%. Pinnacle West Capital’s dividend payout ratio (DPR) is 69.73%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PNW shares. Truist Financial cut their price target on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday, August 17th. Morgan Stanley lowered their price objective on shares of Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays upped their price objective on Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. BMO Capital Markets cut their target price on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.57.

Insider Activity at Pinnacle West Capital

In other news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital 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 sale, the senior vice president owned 4,910 shares in the company, valued at $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the transaction, the chief accounting officer directly owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.19% of the stock is owned by company insiders.

About Pinnacle West Capital

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.