ATLAS Infrastructure Partners UK Ltd. Buys 1,369,350 Shares of Pinnacle West Capital Corporation $PNW

ATLAS Infrastructure Partners UK Ltd. raised its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,461,243 shares of the utilities provider’s stock after purchasing an additional 1,369,350 shares during the period. Pinnacle West Capital comprises 19.8% of ATLAS Infrastructure Partners UK Ltd.’s investment portfolio, making the stock its biggest position. ATLAS Infrastructure Partners UK Ltd.’s holdings in Pinnacle West Capital were worth $395,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PNW. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital in the 2nd quarter valued at about $32,000. Clearstead Advisors LLC increased its holdings in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 185 shares during the last quarter. Dorato Capital Management purchased a new position in shares of Pinnacle West Capital in the 4th quarter valued at about $69,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Pinnacle West Capital by 102.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 488 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares in the company, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PNW. Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Citigroup lifted their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Barclays lifted their price target on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Argus lifted their price target on 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, BMO Capital Markets lifted their price target on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.50.

Pinnacle West Capital Trading Down 1.5%

Shares of PNW stock opened at $102.32 on Thursday. The business’s 50 day moving average is $101.76 and its two-hundred day moving average is $97.04. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $105.08. The company has a market capitalization of $12.40 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 3.80 and a beta of 0.44. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last announced 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 return on equity of 9.27% and a net margin of 11.99%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted ($0.04) EPS. The company’s revenue was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts forecast that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.78%.

Pinnacle West Capital Profile

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.