Quantum Portfolio Management LLC Makes New Investment in Pinnacle West Capital Corporation $PNW

Quantum Portfolio Management LLC purchased a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,059 shares of the utilities provider’s stock, valued at approximately $711,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Pinnacle West Capital during the fourth quarter worth $417,000. NewEdge Advisors LLC raised its position in shares of Pinnacle West Capital by 999.1% in the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after acquiring an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Pinnacle West Capital by 109.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 1,180 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Pinnacle West Capital by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after purchasing an additional 41,173 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 523 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PNW has been the topic of a number of research analyst reports. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a report on Tuesday, April 21st. Truist Financial cut their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday. TD Cowen increased their price target on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital currently has an average rating of “Hold” and a consensus target price of $104.14.

Insider Activity

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was 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 owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Pinnacle West Capital Stock Down 0.8%

Pinnacle West Capital stock opened at $107.74 on Thursday. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $110.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. The firm’s 50-day simple moving average is $102.80 and its 200 day simple moving average is $98.96. The stock has a market cap of $13.06 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 3.97 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion for 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%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts predict that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.4%. 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.