Resolution Capital Ltd Has $4.61 Million Stake in Pinnacle West Capital Corporation $PNW

Resolution Capital Ltd raised its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 127.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,712 shares of the utilities provider’s stock after buying an additional 25,577 shares during the period. Resolution Capital Ltd’s holdings in Pinnacle West Capital were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PNW. Brighton Jones LLC acquired a new stake in Pinnacle West Capital during the 4th quarter valued at $417,000. NewEdge Advisors LLC boosted its stake in Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after purchasing an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in 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 worth $215,000 after purchasing an additional 1,180 shares in the last quarter. 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 worth $42,010,000 after purchasing 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 worth $438,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of PNW stock opened at $105.55 on Wednesday. The stock has a 50-day moving average price of $104.61 and a 200 day moving average price of $100.80. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 3.83 and a beta of 0.43. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $111.16.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts expect that Pinnacle West Capital Corporation will post 4.74 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a report on Wednesday, July 22nd. Argus increased their price objective 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 upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. BMO Capital Markets dropped their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus target price of $104.07.

Insiders Place Their Bets

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 shares were sold at an average price of $99.00, for a total value 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. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

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.