Portfolio Design Labs LLC Makes New $1.05 Million Investment in Pinnacle West Capital Corporation $PNW

Portfolio Design Labs LLC bought a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,850 shares of the utilities provider’s stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Pinnacle West Capital by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after purchasing an additional 100 shares during the last quarter. Excelsior Advisor Network LLC grew its stake in Pinnacle West Capital by 4.3% in the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 108 shares during the last quarter. Empowered Funds LLC grew its stake in Pinnacle West Capital by 3.8% in the fourth 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. Everhart Financial Group Inc. raised its holdings in Pinnacle West Capital by 5.1% in the second quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 120 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in 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 purchasing an additional 126 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinnacle West Capital

In related news, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction on Monday, August 10th. The shares were 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 directly owned 10,886 shares in the company, valued at $1,079,564.62. The trade was a 8.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction on 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 in the company, valued at $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.19% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $99.29 on Friday. The business has a fifty day moving average of $104.33 and a 200 day moving average of $101.80. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $111.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 3.63 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly 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). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business 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. As a group, research analysts expect that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

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

Analyst Ratings Changes

PNW has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a report on Monday. Morgan Stanley set a $97.00 price objective on shares of Pinnacle West Capital in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Barclays raised their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Finally, TD Cowen reaffirmed a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.79.

About Pinnacle West Capital

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.