New Age Alpha Advisors LLC Reduces Stock Position in Pinnacle West Capital Corporation $PNW

New Age Alpha Advisors LLC reduced its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 28.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,022 shares of the utilities provider’s stock after selling 9,370 shares during the period. New Age Alpha Advisors LLC’s holdings in Pinnacle West Capital were worth $2,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter worth $27,000. MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital during the 2nd quarter worth about $32,000. Dorato Capital Management purchased a new position in shares of Pinnacle West Capital during the 4th quarter worth about $69,000. Brown Brothers Harriman & Co. boosted its stake 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 worth $87,000 after purchasing an additional 488 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Pinnacle West Capital by 4,616.7% during the 3rd 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 period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction dated Wednesday, May 13th. The shares were 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 owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PNW shares. Argus lifted their price target on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. TD Cowen lifted their price target on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Finally, Citigroup lifted their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.71.

Pinnacle West Capital Trading Down 0.1%

Shares of PNW opened at $102.85 on Wednesday. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $104.92. The company has a 50-day moving average of $101.38 and a 200 day moving average of $95.63. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.77 and a beta of 0.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39.

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

Pinnacle West Capital Announces Dividend

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