UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Pinnacle West Capital Corporation $PNW

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 291,694 shares of the utilities provider’s stock after buying an additional 10,498 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pinnacle West Capital were worth $31,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DNB Asset Management AS raised its holdings in Pinnacle West Capital by 61.3% during the 4th quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock valued at $3,978,000 after buying an additional 17,037 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Pinnacle West Capital in the 4th quarter worth $1,789,000. Qsemble Capital Management LP increased its position in shares of Pinnacle West Capital by 393.7% in the fourth quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock valued at $4,316,000 after acquiring an additional 38,805 shares during the period. LSV Asset Management raised its stake in shares of Pinnacle West Capital by 46.4% during the fourth quarter. LSV Asset Management now owns 135,710 shares of the utilities provider’s stock valued at $12,037,000 after acquiring an additional 43,000 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Pinnacle West Capital during the fourth quarter valued at about $1,047,000. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the sale, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by corporate insiders.

Pinnacle West Capital Stock Up 0.5%

PNW stock opened at $97.82 on Friday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $111.16. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The business’s 50 day moving average price is $103.15 and its two-hundred day moving average price is $102.00. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, August 3rd. Pinnacle West Capital’s payout ratio is 69.73%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PNW shares. Morgan Stanley dropped their target price on shares of Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Truist Financial dropped their price objective on Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating for the company in a report on Monday, August 17th. Wall Street Zen lowered Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Three 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.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus target price of $103.57.

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.