SG Americas Securities LLC Sells 8,663 Shares of Pinnacle West Capital Corporation $PNW

Posted by Geri Gentry on Jul 3rd, 2026

SG Americas Securities LLC cut its holdings in Pinnacle West Capital Corporation (NYSE:PNW – Free Report) by 31.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,508 shares of the utilities provider’s stock after selling 8,663 shares during the period. SG Americas Securities LLC’s holdings in Pinnacle West Capital were worth $1,865,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in Pinnacle West Capital in the 4th quarter valued at about $417,000. NewEdge Advisors LLC raised its position in shares of Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after buying an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Pinnacle West Capital by 109.8% in the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after buying an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Pinnacle West Capital by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after buying an additional 41,173 shares during the period. Finally, Empowered Funds LLC grew its position in Pinnacle West Capital by 12.8% during the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after buying an additional 523 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Stock Up 2.8%

Shares of PNW opened at $109.27 on Friday. Pinnacle West Capital Corporation has a one year low of $85.32 and a one year high of $109.52. The company has a market cap of $13.24 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.88 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 firm has a 50 day simple moving average of $102.33 and a two-hundred day simple moving average of $98.41.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share 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 the consensus estimate of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts forecast that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is currently 67.78%.

Wall Street Analyst Weigh In

A number of research firms have commented on PNW. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research note on Tuesday, April 21st. Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $95.00 price target on Pinnacle West Capital in a research note on Wednesday, June 24th. Argus upped their price objective on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Barclays increased their price objective on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Pinnacle West Capital has a consensus rating of “Hold” and an average price target of $103.14.

Get Our Latest Stock Report on Pinnacle West Capital

Insiders Place Their Bets

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by company 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.