Pinnacle West Capital (NYSE:PNW) EVP Jacob Tetlow Sells 6,567 Shares

Pinnacle West Capital Corporation (NYSE:PNW) EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pinnacle West Capital Price Performance

Shares of PNW stock traded up $0.60 on Thursday, hitting $99.68. 705,059 shares of the company’s stock were exchanged, compared to its average volume of 1,261,931. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $104.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The stock has a market cap of $12.08 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.46. The company has a 50 day moving average of $101.46 and a 200 day moving average of $94.90.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts predict that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.78%.

Institutional Investors Weigh In On Pinnacle West Capital

Several large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its stake in Pinnacle West Capital by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after purchasing an additional 100 shares during the period. Empowered Funds LLC grew its stake in Pinnacle West Capital by 3.8% in the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 116 shares during the period. Stratos Wealth Partners LTD. grew its stake in Pinnacle West Capital by 2.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock valued at $418,000 after acquiring an additional 131 shares during the period. EverSource Wealth Advisors LLC grew its stake in Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 140 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in Pinnacle West Capital by 12.3% in the third quarter. Resona Asset Management Co. Ltd. now owns 1,408 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PNW shares. Morgan Stanley lowered their price objective on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Citigroup raised their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Barclays raised their target price on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and an average target price of $103.07.

About Pinnacle West Capital

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.