Jacob Tetlow Sells 6,567 Shares of Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital Corporation (NYSE:PNW) EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. The trade was a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pinnacle West Capital Stock Performance

Shares of PNW stock traded up $0.60 during trading on Thursday, reaching $99.68. 705,059 shares of the company’s stock were exchanged, compared to its average volume of 1,261,931. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $12.08 billion, a PE ratio of 18.56, a PEG ratio of 3.66 and a beta of 0.46. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $104.92. The firm’s fifty day moving average price is $101.46 and its 200-day moving average price is $94.90.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data 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 return on equity of 9.27% and a net margin of 11.99%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts anticipate that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued 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, May 4th. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a report on Thursday, February 26th. Truist Financial assumed coverage on Pinnacle West Capital in a report on Monday, April 20th. They issued a “hold” rating and a $108.00 price objective on the stock. Citigroup upped their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a report on Friday, January 23rd. Finally, Argus upped their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $103.07.

Institutional Trading of Pinnacle West Capital

Several large investors have recently modified their holdings of the stock. Compound Planning Inc. grew its holdings in shares of Pinnacle West Capital by 4.2% during the 1st quarter. Compound Planning Inc. now owns 4,070 shares of the utilities provider’s stock worth $410,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Pinnacle West Capital by 88.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 56,778 shares of the utilities provider’s stock worth $5,720,000 after purchasing an additional 26,721 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Pinnacle West Capital during the 1st quarter worth $1,118,000. Bank of Nova Scotia grew its holdings in shares of Pinnacle West Capital by 870.4% during the 1st quarter. Bank of Nova Scotia now owns 99,439 shares of the utilities provider’s stock worth $10,018,000 after purchasing an additional 89,192 shares in the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. acquired a new stake in shares of Pinnacle West Capital during the 1st quarter worth $398,000. 91.51% of the stock is owned by institutional investors and hedge funds.

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.