Pinnacle West Capital Corporation (NYSE:PNW – Get Free Report) CAO Elizabeth 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 transaction of $97,186.60. Following the transaction, the chief accounting officer owned 10,886 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website.
Pinnacle West Capital Price Performance
Pinnacle West Capital stock traded up $0.80 during midday trading on Tuesday, reaching $100.03. The company had a trading volume of 821,845 shares, compared to its average volume of 1,309,517. The firm’s fifty day simple moving average is $104.56 and its 200-day simple moving average is $101.45. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $111.16. The company has a market capitalization of $12.12 billion, a P/E ratio of 19.16, a P/E/G ratio of 3.63 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41.
Pinnacle West Capital (NYSE:PNW – Get Free Report) last issued 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). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities analysts anticipate that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.
Pinnacle West Capital Announces Dividend
Analysts Set New Price Targets
Several research firms have recently commented on PNW. Truist Financial reduced their price target on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, May 29th. TD Cowen raised their price target on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $129.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $104.07.
Check Out Our Latest Research Report on Pinnacle West Capital
Institutional Trading of Pinnacle West Capital
A number of institutional investors and hedge funds have recently bought and sold shares of PNW. ATLAS Infrastructure Partners UK Ltd. lifted its position in shares of Pinnacle West Capital by 44.3% during the fourth quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock worth $395,712,000 after purchasing an additional 1,369,350 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Pinnacle West Capital by 1.8% in the 4th quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock valued at $376,910,000 after buying an additional 74,023 shares during the period. Soroban Capital Partners LP grew its position in shares of Pinnacle West Capital by 34.0% during the first quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock worth $388,373,000 after buying an additional 977,411 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Pinnacle West Capital by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,095,691 shares of the utilities provider’s stock worth $274,117,000 after buying an additional 27,861 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Pinnacle West Capital by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,853,685 shares of the utilities provider’s stock valued at $305,344,000 after acquiring an additional 9,298 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
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.
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