Jose Luis Esparza, Jr. Sells 1,800 Shares of Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital Corporation (NYSE:PNW) SVP Jose Luis Esparza, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Pinnacle West Capital Stock Up 0.1%

Pinnacle West Capital stock opened at $100.16 on Thursday. The firm has a market cap of $12.14 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.66 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. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16. The business has a fifty day moving average of $104.57 and a two-hundred day moving average of $101.51.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share 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 analysts’ expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The company’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 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts forecast that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is currently 69.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PNW shares. Barclays lifted their price objective on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Morgan Stanley set a $97.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $129.00 price target on shares of Pinnacle West Capital in a report on Wednesday, July 8th. TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday. Finally, Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PNW. JFS Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 126 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Pinnacle West Capital in the 2nd quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new position in Pinnacle West Capital in the second quarter valued at $32,000. Compass Financial Management LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter valued at about $33,000. Finally, Clearstead Advisors LLC grew its holdings in Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.