Invst LLC Makes New Investment in Pinnacle West Capital Corporation $PNW

Invst LLC bought a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,812 shares of the utilities provider’s stock, valued at approximately $729,000.

A number of other hedge funds have also made changes to their positions in PNW. DNB Asset Management AS grew 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 worth $3,978,000 after acquiring an additional 17,037 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Pinnacle West Capital in the 4th quarter valued at about $1,789,000. Qsemble Capital Management LP raised its stake in shares of Pinnacle West Capital by 393.7% in the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock valued at $4,316,000 after purchasing an additional 38,805 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Pinnacle West Capital in the 4th quarter valued at about $1,047,000. Finally, LSV Asset Management lifted its position 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 worth $12,037,000 after purchasing an additional 43,000 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of NYSE PNW opened at $97.69 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. The firm’s 50-day moving average price is $103.98 and its two-hundred day moving average price is $101.89. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $111.16. The stock has a market capitalization of $11.84 billion, a P/E ratio of 18.71, a P/E/G ratio of 3.57 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 analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts forecast that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 3.7%. Pinnacle West Capital’s payout ratio is currently 69.73%.

Insider Buying and Selling

In related news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the transaction, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. This represents a 26.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elizabeth A. Blankenship sold 980 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PNW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. BMO Capital Markets reduced their target price on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. TD Cowen reiterated a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Morgan Stanley lowered their price target on Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Truist Financial dropped their price target on Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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.