Quantinno Capital Management LP Has $39.78 Million Stake in Pinnacle West Capital Corporation $PNW

Quantinno Capital Management LP grew its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 38.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,870 shares of the utilities provider’s stock after buying an additional 108,778 shares during the period. Quantinno Capital Management LP’s holdings in Pinnacle West Capital were worth $39,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PNW. DNB Asset Management AS raised its stake in shares of Pinnacle West Capital by 61.3% during the fourth quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock worth $3,978,000 after acquiring an additional 17,037 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of Pinnacle West Capital by 53.0% in 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 purchasing an additional 96,236 shares in the last quarter. Qsemble Capital Management LP boosted its stake in shares of Pinnacle West Capital by 393.7% in the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock valued at $4,316,000 after purchasing an additional 38,805 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Pinnacle West Capital in the 4th quarter valued at $1,789,000. Finally, Oak Thistle LLC grew its holdings in shares of Pinnacle West Capital by 251.0% during the 4th quarter. Oak Thistle LLC now owns 44,316 shares of the utilities provider’s stock valued at $3,931,000 after purchasing an additional 31,690 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PNW has been the topic of a number of analyst reports. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 price objective on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Morgan Stanley set a $97.00 price objective on Pinnacle West Capital in a report on Wednesday, July 22nd. Argus increased their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.07.

Pinnacle West Capital Stock Down 1.0%

Shares of NYSE PNW opened at $101.29 on Friday. The firm’s fifty day moving average is $104.61 and its 200 day moving average is $100.98. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 3.72 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts expect that Pinnacle West Capital Corporation will post 4.74 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Insider Buying and Selling 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 stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

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.