Mizuho Markets Americas LLC Buys New Position in Pinnacle West Capital Corporation $PNW

Mizuho Markets Americas LLC bought a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,100 shares of the utilities provider’s stock, valued at approximately $1,118,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital during the second quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new position in Pinnacle West Capital in the second quarter worth approximately $32,000. Clearstead Advisors LLC increased its holdings in shares of Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after buying an additional 185 shares in the last quarter. Dorato Capital Management bought a new position in shares of Pinnacle West Capital in the fourth quarter valued at $69,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Pinnacle West Capital by 102.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 488 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Trading Down 0.9%

Pinnacle West Capital stock opened at $105.37 on Friday. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 3.87 and a beta of 0.43. The company has a 50 day moving average price of $104.26 and a 200 day moving average price of $100.43.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.30. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts forecast that Pinnacle West Capital Corporation will post 4.73 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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PNW shares. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a report on Tuesday, April 21st. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Jefferies Financial Group reissued a “buy” rating and issued a $129.00 price target on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Finally, Truist Financial cut their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Three 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, Pinnacle West Capital has a consensus rating of “Hold” and a consensus price target of $104.07.

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 dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares in the company, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.