Pinnacle West Capital (NYSE:PNW) CAO Elizabeth Blankenship Sells 980 Shares of Stock

Pinnacle West Capital Corporation (NYSE:PNW) CAO Elizabeth Blankenship sold 980 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the sale, the chief accounting officer owned 10,886 shares of the company’s stock, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $100.03 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.63 and a beta of 0.44. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $111.16. The company has a 50 day moving average price of $104.56 and a 200 day moving average price of $101.45.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts anticipate that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 69.73%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC lifted its position in shares of Pinnacle West Capital by 109.6% during 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 last quarter. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the second quarter valued at about $27,000. MUFG Securities EMEA plc bought a new stake in Pinnacle West Capital in the second quarter valued at about $32,000. Clearstead Advisors LLC raised its stake in Pinnacle West Capital by 88.5% during 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. Finally, Bell Investment Advisors Inc raised its stake in Pinnacle West Capital by 144.9% during the second 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. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PNW has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 8th. TD Cowen raised their price objective on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial decreased their target price on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Finally, Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.07.

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.