R Squared Ltd Trims Stock Position in Pinnacle West Capital Corporation $PNW

Posted by Francis Steltz on Jul 9th, 2026

R Squared Ltd reduced its stake in Pinnacle West Capital Corporation (NYSE:PNW – Free Report) by 82.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,703 shares of the utilities provider’s stock after selling 12,519 shares during the quarter. R Squared Ltd’s holdings in Pinnacle West Capital were worth $272,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital during the 2nd quarter worth $27,000. MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital during the second quarter worth $32,000. Clearstead Advisors LLC increased its holdings in Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after buying an additional 185 shares during the last quarter. Dorato Capital Management purchased a new stake in Pinnacle West Capital during the 4th quarter worth about $69,000. Finally, Root Financial Partners LLC increased its holdings in shares of Pinnacle West Capital by 168.2% in the 1st quarter. Root Financial Partners LLC now owns 885 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Argus upped their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research report on Tuesday, April 21st. Morgan Stanley set a $95.00 price objective on Pinnacle West Capital in a report on Wednesday, June 24th. Finally, Truist Financial dropped their price target on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Pinnacle West Capital has an average rating of “Hold” and an average target price of $104.14.

Get Our Latest Analysis on Pinnacle West Capital

Insider Buying and Selling at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the 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 completion of the transaction, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Pinnacle West Capital Trading Down 0.8%

NYSE:PNW opened at $107.74 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a market cap of $13.06 billion, a PE ratio of 20.06, a P/E/G ratio of 3.97 and a beta of 0.43. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $110.40. The business’s 50 day moving average is $102.80 and its two-hundred day moving average is $98.96.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts predict that Pinnacle West Capital Corporation will post 4.71 EPS for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.4%. Pinnacle West Capital’s payout ratio is presently 67.78%.

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.