Quantbot Technologies LP Makes New Investment in Pinnacle West Capital Corporation $PNW

Posted by Brian Himes on Aug 24th, 2026

Quantbot Technologies LP bought a new stake in Pinnacle West Capital Corporation (NYSE:PNW – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 36,631 shares of the utilities provider’s stock, valued at approximately $3,920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PNW. Oregon Public Employees Retirement Fund grew its position in shares of Pinnacle West Capital by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after buying an additional 100 shares in the last quarter. Excelsior Advisor Network LLC raised its holdings in Pinnacle West Capital by 4.3% in the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 108 shares in the last quarter. Empowered Funds LLC boosted its stake in Pinnacle West Capital by 3.8% during the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 116 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in Pinnacle West Capital by 5.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 120 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Pinnacle West Capital by 109.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 126 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

PNW has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating for the company in a research report on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, TD Cowen reiterated a “hold” rating on shares of Pinnacle West Capital in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.57.

Read Our Latest Report on PNW

Pinnacle West Capital Price Performance

Shares of Pinnacle West Capital stock opened at $97.36 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38. The business’s 50 day simple moving average is $104.21 and its 200-day simple moving average is $101.84. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 3.56 and a beta of 0.44. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued 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 dividend yield of 3.7%. Pinnacle West Capital’s payout ratio is 69.73%.

Insider Activity

In other news, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the sale, the senior vice president directly owned 4,910 shares in the company, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their position. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by corporate insiders.

Pinnacle West Capital Company 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.