5,129 Shares in Pinnacle West Capital Corporation $PNW Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in Pinnacle West Capital Corporation (NYSE:PNW) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,129 shares of the utilities provider’s stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 126 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. 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 valued at $35,000 after acquiring an additional 185 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its position in Pinnacle West Capital by 144.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 200 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Trading Up 0.4%

NYSE PNW opened at $97.74 on Tuesday. The company’s fifty day simple moving average is $104.10 and its 200-day simple moving average is $101.87. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16. The company has a current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38. The stock has a market cap of $11.85 billion, a P/E ratio of 18.72, a PEG ratio of 3.56 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 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 analysts’ expectations of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. Pinnacle West Capital’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share. 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 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

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

Insider Transactions at Pinnacle West Capital

In other news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $102.01, for a total transaction of $183,618.00. Following the sale, the senior vice president directly owned 4,910 shares of the company’s stock, valued at approximately $500,869.10. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PNW. Morgan Stanley lowered their price target on Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a research note on Wednesday, August 12th. Truist Financial decreased their target price on Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating for the company in a research report on Monday, August 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Finally, BMO Capital Markets lowered their target price on 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. 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, Pinnacle West Capital has a consensus rating of “Hold” and a consensus target price of $103.57.

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.