Pinnacle West Capital Corporation $PNW Shares Sold by Lido Advisors LLC

Lido Advisors LLC decreased its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 33.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,584 shares of the utilities provider’s stock after selling 6,318 shares during the quarter. Lido Advisors LLC’s holdings in Pinnacle West Capital were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in Pinnacle West Capital by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after acquiring an additional 100 shares during the last quarter. Empowered Funds LLC raised its holdings in Pinnacle West Capital by 3.8% in the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 116 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Pinnacle West Capital by 2.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Pinnacle West Capital by 11.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 140 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Pinnacle West Capital by 4.7% in the 4th quarter. Truist Financial Corp now owns 3,733 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 167 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the transaction, the executive vice president directly owned 6,634 shares in the company, valued at approximately $656,766. This represents a 49.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Pinnacle West Capital Stock Down 0.5%

Shares of NYSE PNW opened at $105.57 on Tuesday. The company has a market capitalization of $12.79 billion, a P/E ratio of 19.66, a P/E/G ratio of 3.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The company has a 50 day simple moving average of $104.53 and a 200-day simple moving average of $100.68. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $111.16.

Pinnacle West Capital (NYSE:PNW) last released 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. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts predict that Pinnacle West Capital Corporation will post 4.74 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Analyst Upgrades and Downgrades

PNW has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Argus lifted their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research note on Tuesday, April 21st. Barclays upped their target price on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $104.07.

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.