Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Holdings in Pinnacle West Capital Corporation $PNW

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 211,511 shares of the utilities provider’s stock after selling 12,393 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Pinnacle West Capital were worth $21,310,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PNW. 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 purchased a new stake in Pinnacle West Capital in the second quarter valued at $32,000. Clearstead Advisors LLC boosted its stake in Pinnacle West Capital by 88.5% in the fourth 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. Dorato Capital Management acquired a new position in Pinnacle West Capital in the fourth quarter valued at $69,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Pinnacle West Capital by 102.1% during the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Trading Down 0.1%

Shares of Pinnacle West Capital stock opened at $108.05 on Monday. 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 company has a market capitalization of $13.09 billion, a P/E ratio of 20.12, a PEG ratio of 3.93 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. The company’s fifty day moving average is $103.00 and its two-hundred day moving average is $99.24.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period 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. Analysts forecast that Pinnacle West Capital Corporation will post 4.73 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

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

Insiders Place Their Bets

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

PNW has been the topic of a number of research analyst reports. Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Jefferies Financial Group reissued a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday. Morgan Stanley set a $95.00 price target on Pinnacle West Capital in a research note on Wednesday, June 24th. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, Argus boosted their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.14.

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.