Aventail Capital Group LP Trims Stock Position in Pinnacle West Capital Corporation $PNW

Posted by Geri Gentry on Jun 18th, 2026

Aventail Capital Group LP cut its holdings in shares of Pinnacle West Capital Corporation (NYSE:PNW – Free Report) by 42.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 123,629 shares of the utilities provider’s stock after selling 92,027 shares during the quarter. Aventail Capital Group LP’s holdings in Pinnacle West Capital were worth $10,966,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital during the second quarter worth about $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital in the second quarter valued at about $32,000. Clearstead Advisors LLC grew its stake in Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Dorato Capital Management acquired a new stake in Pinnacle West Capital during the 4th quarter valued at approximately $69,000. Finally, Brown Brothers Harriman & Co. grew its stake in Pinnacle West Capital by 102.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 488 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PNW. Barclays raised their price objective on Pinnacle West Capital from $101.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. BMO Capital Markets increased their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Truist Financial reduced their target price 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. Finally, Morgan Stanley set a $92.00 price target on Pinnacle West Capital in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.50.

Check Out Our Latest Stock Analysis on PNW

Pinnacle West Capital Stock Down 1.5%

Shares of PNW stock opened at $102.32 on Thursday. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $105.08. The stock has a market cap of $12.40 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.80 and a beta of 0.44. The business’s fifty day moving average is $101.76 and its 200-day moving average is $97.04. 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 results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned ($0.04) EPS. The firm’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 expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were issued 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 was Monday, May 4th. Pinnacle West Capital’s payout ratio is presently 67.78%.

Insider Activity

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 value of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. The trade was a 49.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

About Pinnacle West Capital

(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.