Mitsubishi UFJ Asset Management Co. Ltd. Purchases 12,037 Shares of Pinnacle West Capital Corporation $PNW

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,733 shares of the utilities provider’s stock after purchasing an additional 12,037 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Pinnacle West Capital were worth $16,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in Pinnacle West Capital by 109.6% in the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 126 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the 2nd quarter valued at $27,000. Bell Investment Advisors Inc raised its stake in shares of Pinnacle West Capital by 144.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital in the 2nd quarter valued at $32,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Stock Down 0.1%

Shares of NYSE:PNW opened at $99.29 on Friday. The company’s fifty day moving average is $104.33 and its 200-day moving average is $101.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16. The company has a market capitalization of $12.03 billion, a PE ratio of 19.02, a P/E/G ratio of 3.63 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $1.58 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts predict that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 69.73%.

Analyst Upgrades and Downgrades

PNW has been the topic of several recent research reports. Morgan Stanley set a $97.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 22nd. BMO Capital Markets cut their price target 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. Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Finally, TD Cowen reissued a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.79.

Insider Activity at Pinnacle West Capital

In related news, CAO Elizabeth A. Blankenship sold 980 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the sale, the senior vice president owned 4,910 shares in the company, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.