New Age Alpha Advisors LLC Sells 9,370 Shares of Pinnacle West Capital Corporation $PNW

New Age Alpha Advisors LLC trimmed its position in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,022 shares of the utilities provider’s stock after selling 9,370 shares during the period. New Age Alpha Advisors LLC’s holdings in Pinnacle West Capital were worth $2,131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at $27,000. MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. Dorato Capital Management bought a new stake in shares of Pinnacle West Capital during the 4th quarter valued at $69,000. Brown Brothers Harriman & Co. raised its position in shares of Pinnacle West Capital by 102.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 488 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in shares of Pinnacle West Capital by 4,616.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,132 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 1,108 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction 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 completion of the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial initiated coverage on shares of Pinnacle West Capital in a research note on Monday, April 20th. They set a “hold” rating and a $108.00 target price for the company. Morgan Stanley set a $92.00 target price on shares of Pinnacle West Capital in a research note on Thursday, May 21st. Finally, BMO Capital Markets raised their target price on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.71.

Pinnacle West Capital Stock Performance

PNW opened at $102.85 on Wednesday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.77 and a beta of 0.46. The company has a fifty day moving average of $101.38 and a 200 day moving average of $95.63. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $104.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. Pinnacle West Capital’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts forecast that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.78%.

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.