Kentucky Retirement Systems Takes $915,000 Position in Pinnacle West Capital Corporation $PNW

Kentucky Retirement Systems acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,085 shares of the utilities provider’s stock, valued at approximately $915,000.

Several other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital in the second quarter valued at $27,000. MUFG Securities EMEA plc acquired a new stake in Pinnacle West Capital during the 2nd quarter worth about $32,000. Clearstead Advisors LLC grew its holdings in Pinnacle West Capital by 88.5% during 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 during the period. Dorato Capital Management acquired a new stake in Pinnacle West Capital during the 4th quarter worth about $69,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Pinnacle West Capital by 55.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 827 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 295 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $100.95 on Friday. The firm’s 50-day moving average price is $104.57 and its 200-day moving average price is $100.98. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $111.16. The firm has a market capitalization of $12.23 billion, a P/E ratio of 18.80, a P/E/G ratio of 3.68 and a beta of 0.43. The company has a current ratio of 0.60, a quick ratio of 0.39 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 analysts’ consensus estimates of ($0.03) by $0.30. The company had revenue of $1.15 billion for 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 business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts anticipate that Pinnacle West Capital Corporation will post 4.74 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

PNW has been the topic of a number of recent analyst reports. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a report on Tuesday, April 21st. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Barclays increased their price target 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. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.07.

Pinnacle West Capital 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.