DNB Asset Management AS Increases Stock Holdings in Pinnacle West Capital Corporation $PNW

Posted by George Bondi on May 20th, 2026

DNB Asset Management AS raised its stake in Pinnacle West Capital Corporation (NYSE:PNW – Free Report) by 61.3% during the 4th quarter, HoldingsChannel reports. The firm owned 44,843 shares of the utilities provider’s stock after acquiring an additional 17,037 shares during the period. DNB Asset Management AS’s holdings in Pinnacle West Capital were worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York Life Investment Management LLC grew its stake in shares of Pinnacle West Capital by 1.1% in the 4th quarter. New York Life Investment Management LLC now owns 16,192 shares of the utilities provider’s stock valued at $1,436,000 after purchasing an additional 170 shares during the last quarter. Allworth Financial LP grew its stake in shares of Pinnacle West Capital by 44.7% in the 4th quarter. Allworth Financial LP now owns 1,307 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 404 shares during the last quarter. Fortem Financial Group LLC grew its stake in shares of Pinnacle West Capital by 5.7% in the 4th quarter. Fortem Financial Group LLC now owns 19,376 shares of the utilities provider’s stock valued at $1,719,000 after purchasing an additional 1,042 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of Pinnacle West Capital by 4.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,675 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 216 shares during the last quarter. Finally, Naples Global Advisors LLC grew its stake in shares of Pinnacle West Capital by 4.3% in the 4th quarter. Naples Global Advisors LLC now owns 11,458 shares of the utilities provider’s stock valued at $1,016,000 after purchasing an additional 475 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $101.63 on Wednesday. The stock has a fifty day moving average price of $101.26 and a 200 day moving average price of $95.15. The stock has a market cap of $12.32 billion, a PE ratio of 18.92, a P/E/G ratio of 3.65 and a beta of 0.46. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $104.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion during 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%.Pinnacle West Capital’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts forecast that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $3.64 annualized dividend and a yield of 3.6%. Pinnacle West Capital’s payout ratio is currently 67.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PNW. Citigroup raised their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. BMO Capital Markets raised their price target on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. Truist Financial began coverage on Pinnacle West Capital in a report on Monday, April 20th. They issued a “hold” rating and a $108.00 price target for the company. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a report on Tuesday, April 21st. Finally, Argus raised their price target 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 equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Pinnacle West Capital currently has an average rating of “Hold” and an average target price of $103.14.

Check Out Our Latest Research Report on Pinnacle West Capital

Insider Transactions at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital 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 of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.

Pinnacle West Capital Profile

(Free Report)

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.