Capital World Investors Makes New $15.57 Million Investment in Pinnacle West Capital Corporation $PNW

Capital World Investors purchased a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 175,506 shares of the utilities provider’s stock, valued at approximately $15,567,000.

Several other institutional investors have also recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. acquired a new position in shares of Pinnacle West Capital during the 4th quarter worth approximately $878,000. Havemeyer Place LP acquired a new position in shares of Pinnacle West Capital during the 4th quarter worth approximately $229,000. 111 Capital acquired a new position in shares of Pinnacle West Capital during the 4th quarter worth approximately $339,000. MCF Advisors LLC increased its position in shares of Pinnacle West Capital by 10.6% during the 4th quarter. MCF Advisors LLC now owns 9,790 shares of the utilities provider’s stock worth $868,000 after purchasing an additional 938 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Pinnacle West Capital by 9.0% during the 4th quarter. Parallel Advisors LLC now owns 3,806 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 315 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Up 1.5%

PNW stock opened at $102.76 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $12.45 billion, a PE ratio of 19.14, a PEG ratio of 3.71 and a beta of 0.44. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $104.92. The business’s 50 day simple moving average is $101.61 and its 200 day simple moving average is $96.48.

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

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. Pinnacle West Capital’s payout ratio is presently 67.78%.

Insider Buying and Selling at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the business’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 transaction of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

PNW has been the topic of several recent analyst reports. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a research report on Tuesday, April 21st. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley set a $92.00 price target on Pinnacle West Capital in a research report on Thursday, May 21st. BMO Capital Markets boosted their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Finally, Barclays boosted their target price on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Pinnacle West Capital currently has an average rating of “Hold” and a consensus target price of $102.50.

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.