6,590 Shares in Pinnacle West Capital Corporation $PNW Acquired by Northwestern Mutual Wealth Management Co.

Posted by Brian Himes on Aug 27th, 2026

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,590 shares of the utilities provider’s stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNW. Oregon Public Employees Retirement Fund boosted its position in shares of Pinnacle West Capital by 0.7% in 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 during the period. Excelsior Advisor Network LLC raised its position in Pinnacle West Capital by 4.3% during the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock valued at $264,000 after buying an additional 108 shares during the period. Empowered Funds LLC raised its position in Pinnacle West Capital by 3.8% during the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after buying an additional 116 shares during the period. Everhart Financial Group Inc. lifted its stake in Pinnacle West Capital by 5.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 120 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in Pinnacle West Capital by 109.6% in 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 Analysts Forecast Growth

Several equities analysts have weighed in on PNW shares. Barclays lifted their target price on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley cut their target price on shares of Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.57.

Check Out Our Latest Stock Analysis on Pinnacle West Capital

Insider Activity

In other Pinnacle West Capital news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the firm’s 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 transaction, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the sale, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at $1,079,564.62. The trade was a 8.26% decrease in their position. The SEC filing for this sale provides additional information. 0.19% of the stock is owned by company insiders.

Pinnacle West Capital Trading Up 1.0%

NYSE:PNW opened at $98.68 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The company has a market capitalization of $11.96 billion, a P/E ratio of 18.90, a P/E/G ratio of 3.57 and a beta of 0.44. The stock’s 50 day moving average price is $103.91 and its 200 day moving average price is $101.92. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is presently 69.73%.

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.