Pinnacle West Capital (NYSE:PNW) CAO Sells $97,186.60 in Stock

Pinnacle West Capital Corporation (NYSE:PNW) CAO Elizabeth Blankenship sold 980 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the transaction, the chief accounting officer directly owned 10,886 shares in the company, valued at $1,079,564.62. This represents a 8.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pinnacle West Capital Trading Up 0.4%

Shares of NYSE PNW opened at $100.80 on Friday. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16. The firm has a market cap of $12.22 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.67 and a beta of 0.44. The business has a fifty day simple moving average of $104.57 and a two-hundred day simple moving average of $101.57. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Pinnacle West Capital’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 69.73%.

Institutional Trading of Pinnacle West Capital

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Barclays raised their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Wall Street Zen lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a report on Tuesday, April 21st. Three research 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, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus price target of $104.07.

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.