Pinnacle West Capital Corporation $PNW Position Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 19.3% during the 3rd quarter, Holdings Channel reports. The firm owned 31,867 shares of the utilities provider’s stock after selling 7,644 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Pinnacle West Capital were worth $2,965,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JFS Wealth Advisors LLC grew its position 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 valued at $26,000 after purchasing an additional 126 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Pinnacle West Capital during the 2nd quarter worth approximately $33,000. Bell Investment Advisors Inc raised its position in shares of Pinnacle West Capital by 144.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Pinnacle West Capital by 41,300.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 414 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 413 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Pinnacle West Capital by 56.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 579 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 210 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PNW shares. Morgan Stanley upped their target price on Pinnacle West Capital from $89.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank initiated coverage on Pinnacle West Capital in a research report on Tuesday, September 29th. They set a “sector outperform” rating and a $104.00 price target for the company. TD Cowen reissued a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Finally, HSBC assumed coverage on Pinnacle West Capital in a report on Thursday. They issued a “buy” rating and a $119.50 price target for the company. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus price target of $103.39.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $105.98 on Friday. Pinnacle West Capital Corporation has a 12-month low of $86.18 and a 12-month high of $111.16. The stock has a market capitalization of $12.84 billion, a P/E ratio of 20.30, a P/E/G ratio of 3.79 and a beta of 0.43. The firm’s 50-day moving average is $97.63 and its two-hundred day moving average is $101.23. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41.

Pinnacle West Capital (NYSE:PNW) last issued 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 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. 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. Equities analysts predict that Pinnacle West Capital Corporation will post 4.81 earnings per share for the current year.

Pinnacle West Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be given a dividend of $0.9250 per share. This represents a $3.70 dividend on an annualized basis and a yield of 3.5%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, November 2nd. Pinnacle West Capital’s dividend payout ratio (DPR) is 70.88%.

Insider Buying and Selling

In other Pinnacle West Capital news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business’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 transaction, the senior vice president directly owned 4,910 shares in the company, valued at approximately $500,869.10. The trade was a 26.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the transaction, the chief accounting officer 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. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by company insiders.

Pinnacle West Capital Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.