Dockside LLC Takes $1.19 Million Position in Pinnacle West Capital Corporation $PNW

Dockside LLC purchased a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,412 shares of the utilities provider’s stock, valued at approximately $1,190,000.

Several other large investors have also added to or reduced their stakes in the business. Entropy Technologies LP grew its stake in Pinnacle West Capital by 24.6% during the fourth quarter. Entropy Technologies LP now owns 8,664 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 1,713 shares during the period. Epoch Investment Partners Inc. grew its stake in Pinnacle West Capital by 4.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 505,252 shares of the utilities provider’s stock worth $44,816,000 after purchasing an additional 19,560 shares during the period. Barclays PLC grew its stake in Pinnacle West Capital by 1.0% during the fourth quarter. Barclays PLC now owns 768,045 shares of the utilities provider’s stock worth $68,126,000 after purchasing an additional 7,672 shares during the period. Kestra Advisory Services LLC acquired a new stake in Pinnacle West Capital during the fourth quarter worth approximately $88,000. Finally, FORA Capital LLC grew its stake in Pinnacle West Capital by 94.4% during the fourth quarter. FORA Capital LLC now owns 6,949 shares of the utilities provider’s stock worth $616,000 after purchasing an additional 3,375 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

PNW has been the subject of several recent analyst reports. Argus raised their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Barclays raised their target price on 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. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial decreased their target price on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $107.00 target price on Pinnacle West Capital in a research note on Thursday, February 26th. Three equities research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $102.50.

Pinnacle West Capital Stock Down 0.2%

Shares of NYSE:PNW opened at $103.26 on Monday. The business’s 50 day simple moving average is $101.73 and its two-hundred day simple moving average is $96.77. The firm has a market cap of $12.51 billion, a P/E ratio of 19.23, a PEG ratio of 3.79 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $104.92.

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

Pinnacle West Capital Dividend Announcement

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

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares in the company, valued at approximately $656,766. This 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 is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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.