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 business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the sale, the senior vice president directly owned 4,910 shares of the company’s stock, valued at $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Pinnacle West Capital Trading Up 0.8%

Shares of NYSE:PNW traded up $0.80 during trading on Tuesday, hitting $100.03. 821,845 shares of the company’s stock were exchanged, compared to its average volume of 1,309,517. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $111.16. The firm 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 current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38. The firm has a market cap 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 (NYSE:PNW) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts predict that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 69.73%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Argus increased their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. BMO Capital Markets lowered their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley set a $97.00 price objective on Pinnacle West Capital in a research note on Wednesday, July 22nd. Finally, TD Cowen lifted their target price on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinnacle West Capital presently has an average rating of “Hold” and a consensus price target of $104.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNW. Brighton Jones LLC acquired a new position in Pinnacle West Capital in the 4th quarter worth $417,000. NewEdge Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Pinnacle West Capital by 109.8% in the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Pinnacle West Capital by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after buying an additional 41,173 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Pinnacle West Capital by 12.8% during the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after buying an additional 523 shares during the period. Institutional investors own 91.51% 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.