Pinnacle West Capital Corporation $PNW Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 33.4% in the first quarter, HoldingsChannel.com reports. The firm owned 12,584 shares of the utilities provider’s stock after selling 6,318 shares during the period. Lido Advisors LLC’s holdings in Pinnacle West Capital were worth $1,268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PNW. DNB Asset Management AS grew its stake in shares of Pinnacle West Capital by 61.3% in the fourth quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock valued at $3,978,000 after buying an additional 17,037 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Pinnacle West Capital by 53.0% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 277,946 shares of the utilities provider’s stock worth $24,654,000 after acquiring an additional 96,236 shares in the last quarter. Qsemble Capital Management LP lifted its stake in Pinnacle West Capital by 393.7% during the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock worth $4,316,000 after acquiring an additional 38,805 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in Pinnacle West Capital during the 4th quarter valued at about $1,047,000. Finally, Oak Thistle LLC boosted its holdings in Pinnacle West Capital by 251.0% during the 4th quarter. Oak Thistle LLC now owns 44,316 shares of the utilities provider’s stock valued at $3,931,000 after acquiring an additional 31,690 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Trading Down 0.5%

NYSE:PNW opened at $105.57 on Tuesday. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $111.16. The firm has a market cap of $12.79 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 3.86 and a beta of 0.43. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $104.53 and a 200 day moving average price of $100.68.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.30. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.Pinnacle West Capital’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts anticipate that Pinnacle West Capital Corporation will post 4.74 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Insiders Place Their Bets

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 $656,766. This trade 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 this hyperlink. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PNW. BMO Capital Markets dropped their target price on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Truist Financial lowered 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. Jefferies Financial Group restated a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Argus upped their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus 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.