Insider Selling: Pinnacle West Capital (NYSE:PNW) SVP Sells $183,618.00 in Stock

Pinnacle West Capital Corporation (NYSE:PNW) SVP Jose Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the sale, the senior vice president owned 4,910 shares of the company’s stock, valued at approximately $500,869.10. The trade was a 26.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pinnacle West Capital Stock Performance

PNW traded up $0.80 during midday trading on Tuesday, reaching $100.03. The company’s stock had a trading volume of 821,845 shares, compared to its average volume of 1,309,517. 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 company has a fifty day simple moving average of $104.56 and a 200 day simple moving average of $101.45. The stock has a market cap of $12.12 billion, a P/E ratio of 19.16, a PEG ratio of 3.63 and a beta of 0.44. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16.

Pinnacle West Capital (NYSE:PNW) last posted 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). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. Pinnacle West Capital’s payout ratio is presently 69.73%.

Analyst Upgrades and Downgrades

PNW has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Morgan Stanley set a $97.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 22nd. Barclays boosted their price target on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, TD Cowen raised their price target on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.07.

Institutional Investors Weigh In On Pinnacle West Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNW. Norges Bank acquired a new position in shares of Pinnacle West Capital during the fourth quarter worth approximately $140,468,000. ATLAS Infrastructure Partners UK Ltd. raised its position in Pinnacle West Capital by 44.3% in the 4th quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock worth $395,712,000 after purchasing an additional 1,369,350 shares during the last quarter. Soroban Capital Partners LP raised its position in Pinnacle West Capital by 34.0% in the 1st quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock worth $388,373,000 after purchasing an additional 977,411 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Pinnacle West Capital during the 4th quarter worth $68,008,000. Finally, Wellington Management Group LLP bought a new position in Pinnacle West Capital in the 4th quarter valued at $57,379,000. Institutional investors and hedge funds own 91.51% 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.