Quantum Portfolio Management LLC Takes Position in Pinnacle West Capital Corporation $PNW

Quantum Portfolio Management LLC bought a new position in Pinnacle West Capital Corporation (NYSE:PNW) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,059 shares of the utilities provider’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PNW. Empowered Funds LLC grew its holdings in shares of Pinnacle West Capital by 3.8% during the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 116 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Pinnacle West Capital by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock valued at $418,000 after buying an additional 131 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Pinnacle West Capital by 11.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after buying an additional 140 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Pinnacle West Capital by 4.7% in the fourth quarter. Truist Financial Corp now owns 3,733 shares of the utilities provider’s stock worth $331,000 after buying an additional 167 shares during the period. Finally, New York Life Investment Management LLC lifted its stake in shares of Pinnacle West Capital by 1.1% in the 4th quarter. New York Life Investment Management LLC now owns 16,192 shares of the utilities provider’s stock valued at $1,436,000 after acquiring an additional 170 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the transaction, the executive vice president owned 6,634 shares in the company, valued at approximately $656,766. The trade was a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PNW. Argus lifted their price target on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Barclays lifted their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Wells Fargo & Company set a $106.00 price target on shares of Pinnacle West Capital in a report on Tuesday, April 21st. Truist Financial lowered their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.14.

Pinnacle West Capital Stock Down 0.8%

NYSE:PNW opened at $107.74 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The firm’s 50-day moving average price is $102.80 and its 200-day moving average price is $98.96. The company has a market capitalization of $13.06 billion, a PE ratio of 20.06, a P/E/G ratio of 3.97 and a beta of 0.43. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $110.40.

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, topping 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts predict that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.4%. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Pinnacle West Capital 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.