Portfolio Design Labs LLC Acquires Shares of 9,850 Pinnacle West Capital Corporation $PNW

Portfolio Design Labs LLC acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the second quarter, Holdings Channel.com reports. The firm acquired 9,850 shares of the utilities provider’s stock, valued at approximately $1,054,000.

Several other large investors have also made changes to their positions in the business. JFS Wealth Advisors LLC lifted its position 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 valued at $26,000 after buying an additional 126 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Pinnacle West Capital in the 2nd quarter worth $27,000. MUFG Securities EMEA plc purchased a new stake in Pinnacle West Capital in the 2nd quarter worth $32,000. Clearstead Advisors LLC raised its position in Pinnacle West Capital by 88.5% during the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares during the period. Finally, Bell Investment Advisors Inc raised its position in Pinnacle West Capital by 144.9% during the second quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 200 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $99.29 on Friday. The company has a market cap of $12.03 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.63 and a beta of 0.44. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16. The company’s 50-day moving average price is $104.33 and its 200-day moving average price is $101.80. The company has a current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38.

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). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts forecast that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 dividend payout ratio (DPR) is currently 69.73%.

Insider Activity at Pinnacle West Capital

In other Pinnacle West Capital news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the sale, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. This represents a 26.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Elizabeth A. Blankenship sold 980 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the sale, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at $1,079,564.62. This trade represents a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PNW shares. Morgan Stanley set a $97.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 22nd. TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Truist Financial decreased their price target on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Barclays boosted their price objective on 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. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and an average target price of $103.79.

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.