Fox Run Management L.L.C. Invests $1.79 Million in Pinnacle West Capital Corporation $PNW

Fox Run Management L.L.C. bought a new position in Pinnacle West Capital Corporation (NYSE:PNW) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 20,165 shares of the utilities provider’s stock, valued at approximately $1,789,000.

Other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in shares of Pinnacle West Capital in the 2nd quarter worth about $27,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital in the 2nd quarter worth about $32,000. Clearstead Advisors LLC increased its stake in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Dorato Capital Management bought a new position in shares of Pinnacle West Capital in the 4th quarter worth about $69,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Pinnacle West Capital by 102.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 488 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PNW shares. Argus increased their price target on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. BMO Capital Markets increased their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. Wells Fargo & Company set a $106.00 price target on shares of Pinnacle West Capital in a research note on Tuesday, April 21st. Morgan Stanley set a $92.00 price target on shares of Pinnacle West Capital in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. 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 data from MarketBeat, Pinnacle West Capital has a consensus rating of “Hold” and an average target price of $102.50.

Pinnacle West Capital Stock Down 1.6%

NYSE:PNW opened at $101.39 on Tuesday. The firm has a market cap of $12.29 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.77 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $104.92. The firm has a 50-day simple moving average of $101.55 and a two-hundred day simple moving average of $96.38.

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

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 67.78%.

Insiders Place Their Bets

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 6,634 shares in the company, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.