Fortem Financial Group LLC Buys 7,511 Shares of Pinnacle West Capital Corporation $PNW

Posted by Brian Himes on Jun 21st, 2026

Fortem Financial Group LLC lifted its stake in Pinnacle West Capital Corporation (NYSE:PNW – Free Report) by 38.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 26,887 shares of the utilities provider’s stock after buying an additional 7,511 shares during the quarter. Fortem Financial Group LLC’s holdings in Pinnacle West Capital were worth $2,709,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in Pinnacle West Capital in the 2nd quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in Pinnacle West Capital during the 2nd quarter valued at about $32,000. Clearstead Advisors LLC increased 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 purchased a new position in Pinnacle West Capital in the fourth quarter worth about $69,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Pinnacle West Capital by 102.1% in the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

PNW has been the topic of several analyst reports. Wall Street Zen downgraded shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. BMO Capital Markets raised their price target on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Barclays boosted their price objective on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Morgan Stanley set a $92.00 price objective on Pinnacle West Capital in a research report on Thursday, May 21st. Finally, Truist Financial cut their target price on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.50.

Check Out Our Latest Stock Analysis on Pinnacle West Capital

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $102.29 on Friday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $105.08. The business has a 50-day simple moving average of $101.75 and a two-hundred day simple moving average of $97.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last posted its 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. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 4th were given a dividend of $0.91 per share. The ex-dividend date was Monday, May 4th. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Insiders Place Their Bets

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the sale, the executive vice president owned 6,634 shares in the company, valued at approximately $656,766. This trade represents 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 the SEC website. 0.19% of the stock is currently owned by company insiders.

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.