Pinnacle West Capital (NYSE:PNW) CAO Elizabeth Blankenship Sells 980 Shares of Stock

Pinnacle West Capital Corporation (NYSE:PNW) CAO Elizabeth Blankenship sold 980 shares of Pinnacle West Capital stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the sale, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Pinnacle West Capital Stock Up 0.8%

Pinnacle West Capital stock traded up $0.80 during midday trading on Tuesday, reaching $100.03. The company’s stock had a trading volume of 821,845 shares, compared to its average volume of 1,309,517. The company has a market cap of $12.12 billion, a P/E ratio of 19.16, a P/E/G ratio of 3.63 and a beta of 0.44. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. The business has a 50-day simple moving average of $104.56 and a 200-day simple moving average of $101.45. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $111.16.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations 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 was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts expect that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 69.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PNW. Allworth Financial LP purchased a new stake in shares of Pinnacle West Capital during the second quarter worth approximately $153,000. Virtus Advisers LLC acquired a new position in Pinnacle West Capital in the 2nd quarter valued at $504,000. Silvant Capital Management LLC purchased a new position in Pinnacle West Capital during the 2nd quarter worth $193,000. Ceredex Value Advisors LLC acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter worth $11,874,000. Finally, Portfolio Design Labs LLC purchased a new stake in shares of Pinnacle West Capital in the second quarter valued at about $1,054,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of 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. TD Cowen upped their target price on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group reiterated a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Pinnacle West Capital has a consensus rating of “Hold” and an average target price of $104.07.

Pinnacle West Capital Company 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.