Pinnacle West Capital Corporation (NYSE:PNW) Declares $0.91 Quarterly Dividend

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Monday, August 3rd will be given a dividend of 0.91 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Pinnacle West Capital has raised its dividend payment by an average of 0.0%annually over the last three years. Pinnacle West Capital has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pinnacle West Capital to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 65.5%.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $105.35 on Thursday. 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 stock has a market capitalization of $12.77 billion, a P/E ratio of 19.62, a P/E/G ratio of 3.81 and a beta of 0.44. The company’s fifty day moving average is $101.77 and its two-hundred day moving average is $97.55. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $105.62.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned ($0.04) EPS. The business’s revenue 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, sell-side analysts predict that Pinnacle West Capital will post 4.7 earnings per share for the current year.

Insider Activity at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pinnacle West Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aristotle Capital Boston LLC purchased a new position in shares of Pinnacle West Capital in the third quarter valued at $1,007,000. Gotham Asset Management LLC boosted its position in shares of Pinnacle West Capital by 37.4% in the 3rd quarter. Gotham Asset Management LLC now owns 367,950 shares of the utilities provider’s stock worth $32,990,000 after buying an additional 100,120 shares in the last quarter. DNB Asset Management AS grew its stake in Pinnacle West Capital by 61.3% in the 4th quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock valued at $3,978,000 after acquiring an additional 17,037 shares during the last quarter. First Trust Advisors LP grew its stake in Pinnacle West Capital by 6.3% in the 3rd quarter. First Trust Advisors LP now owns 1,307,421 shares of the utilities provider’s stock valued at $117,223,000 after acquiring an additional 76,930 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Pinnacle West Capital by 53.0% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 277,946 shares of the utilities provider’s stock valued at $24,654,000 after acquiring an additional 96,236 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Company 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.