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

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 6,590 shares of the utilities provider’s stock, valued at approximately $705,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNW. JFS Wealth Advisors LLC grew its stake in shares of Pinnacle West Capital by 109.6% in the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 126 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital during the 2nd quarter valued at $27,000. Bell Investment Advisors Inc boosted its holdings in Pinnacle West Capital by 144.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 200 shares during the period. MUFG Securities EMEA plc bought a new stake in Pinnacle West Capital in the 2nd quarter valued at $32,000. Finally, Clearstead Advisors LLC grew its position in Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Trading Up 1.0%

Shares of Pinnacle West Capital stock opened at $98.68 on Thursday. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $111.16. The stock has a market capitalization of $11.96 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 3.57 and a beta of 0.44. The company has a 50-day simple moving average of $103.91 and a 200 day simple moving average of $101.92. 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 (NYSE:PNW) last released its quarterly earnings results 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 firm had revenue of $1.46 billion during 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%. Pinnacle West Capital’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts expect that Pinnacle West Capital Corporation will post 4.71 earnings per share 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. Stockholders of record on Monday, August 3rd will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s payout ratio is presently 69.73%.

Insider Activity at Pinnacle West Capital

In related news, CAO Elizabeth A. Blankenship sold 980 shares of the stock in a transaction that occurred 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 in the company, valued at $1,079,564.62. This represents a 8.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the sale, the senior vice president directly owned 4,910 shares of the company’s stock, valued at $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a report on Monday, August 17th. Barclays increased their target price on shares of 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. Morgan Stanley lowered their price target on Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. BMO Capital Markets cut their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. 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 given a Hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital has an average rating of “Hold” and an average price target of $103.57.

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.