Newport Trust Company LLC Decreases Stock Position in Pinnacle West Capital Corporation $PNW

Newport Trust Company LLC reduced its position in Pinnacle West Capital Corporation (NYSE:PNW) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 471,080 shares of the utilities provider’s stock after selling 14,600 shares during the period. Newport Trust Company LLC’s holdings in Pinnacle West Capital were worth $41,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PNW. Capital Research Global Investors increased its position in Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after buying an additional 758,190 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Pinnacle West Capital by 8.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock worth $647,679,000 after buying an additional 568,581 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Pinnacle West Capital by 133.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 920,687 shares of the utilities provider’s stock worth $81,665,000 after buying an additional 526,212 shares during the last quarter. Reaves W H & Co. Inc. increased its position in Pinnacle West Capital by 21.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,804,114 shares of the utilities provider’s stock worth $161,757,000 after buying an additional 316,193 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Pinnacle West Capital by 458.3% in the third quarter. Qube Research & Technologies Ltd now owns 296,963 shares of the utilities provider’s stock worth $26,626,000 after buying an additional 243,769 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Pinnacle West Capital Trading Down 0.0%

Shares of PNW stock opened at $101.92 on Friday. 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 business has a 50-day moving average price of $101.30 and a two-hundred day moving average price of $95.33. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $104.92. The firm has a market cap of $12.35 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 3.73 and a beta of 0.46.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share 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 company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. Pinnacle West Capital’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. Equities analysts anticipate that Pinnacle West Capital Corporation will post 4.7 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s payout ratio is 67.78%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PNW shares. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research report on Tuesday, April 21st. Morgan Stanley set a $92.00 target price on Pinnacle West Capital in a research report on Thursday. TD Cowen raised their target price on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Finally, Barclays lifted their price target on Pinnacle West Capital from $101.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.71.

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.