Pinnacle West Capital Corporation $PNW Stock: Nisa Investment Advisors LLC Reduces Position

Nisa Investment Advisors LLC lessened its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 19.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,867 shares of the utilities provider’s stock after selling 7,644 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Pinnacle West Capital were worth $2,965,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Pinnacle West Capital by 101.3% in the second quarter. Wellington Management Group LLP now owns 1,456,941 shares of the utilities provider’s stock valued at $155,893,000 after purchasing an additional 733,069 shares during the period. Tidal Investments LLC raised its holdings in shares of Pinnacle West Capital by 233.3% in the second quarter. Tidal Investments LLC now owns 35,637 shares of the utilities provider’s stock valued at $3,813,000 after buying an additional 24,946 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Pinnacle West Capital by 109.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 19,891 shares of the utilities provider’s stock worth $2,004,000 after buying an additional 10,386 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Pinnacle West Capital by 3.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,694 shares of the utilities provider’s stock worth $31,211,000 after buying an additional 10,498 shares during the period. Finally, Amundi boosted its stake in shares of Pinnacle West Capital by 41.4% during the second quarter. Amundi now owns 218,811 shares of the utilities provider’s stock worth $23,413,000 after buying an additional 64,074 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Pinnacle West Capital

In other Pinnacle West Capital news, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the sale, the chief accounting officer owned 10,886 shares of the company’s stock, valued at approximately $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 0.19% of the company’s stock.

Pinnacle West Capital Trading Down 0.6%

Shares of PNW opened at $105.98 on Friday. Pinnacle West Capital Corporation has a twelve month low of $86.18 and a twelve month high of $111.16. 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 firm has a market capitalization of $12.84 billion, a P/E ratio of 20.30, a PEG ratio of 3.79 and a beta of 0.43. The firm’s 50-day moving average is $97.63 and its two-hundred day moving average is $101.23.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. Pinnacle West Capital’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts predict that Pinnacle West Capital Corporation will post 4.81 earnings per share for the current fiscal year.

Pinnacle West Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be paid a $0.9250 dividend. This represents a $3.70 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.91. Pinnacle West Capital’s dividend payout ratio (DPR) is 70.88%.

Analyst Ratings Changes

A number of research firms recently issued reports on PNW. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Morgan Stanley boosted their price target on Pinnacle West Capital from $89.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday. Scotiabank started coverage on Pinnacle West Capital in a research note on Tuesday, September 29th. They set a “sector outperform” rating and a $104.00 price objective for the company. Barclays decreased their price objective on Pinnacle West Capital from $108.00 to $94.00 and set an “equal weight” rating for the company in a research report on Thursday, October 1st. Finally, TD Cowen reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.39.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.