Jefferies Financial Group Inc. Makes New $4.37 Million Investment in Pinnacle West Capital Corporation $PNW

Jefferies Financial Group Inc. acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,314 shares of the utilities provider’s stock, valued at approximately $4,374,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the second quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital during the second quarter worth $32,000. Dorato Capital Management bought a new stake in shares of Pinnacle West Capital during the fourth quarter worth $69,000. Brown Brothers Harriman & Co. grew its stake in shares of Pinnacle West Capital by 102.1% during the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after buying an additional 488 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Pinnacle West Capital by 4,616.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,132 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 1,108 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PNW. Barclays boosted their price objective on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial assumed coverage on shares of Pinnacle West Capital in a research report on Monday, April 20th. They set a “hold” rating and a $108.00 target price for the company. Morgan Stanley set a $92.00 target price on shares of Pinnacle West Capital in a research report on Thursday. Finally, TD Cowen upped their price objective on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.71.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $103.01 on Tuesday. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $104.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The stock has a market capitalization of $12.48 billion, a PE ratio of 19.18, a P/E/G ratio of 3.77 and a beta of 0.46. The company’s 50 day simple moving average is $101.38 and its two-hundred day simple moving average is $95.52.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts predict that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.78%.

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.