Elizabeth Blankenship Sells 980 Shares of Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital Corporation (NYSE:PNW) CAO Elizabeth Blankenship sold 980 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $99.17, for a total transaction of $97,186.60. Following the sale, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $100.16 on Thursday. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $111.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The company has a market capitalization of $12.14 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.66 and a beta of 0.44. The company has a fifty day moving average of $104.57 and a 200-day moving average of $101.51.

Pinnacle West Capital (NYSE:PNW) last released its 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 during the quarter, compared to the consensus estimate of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts predict that Pinnacle West Capital Corporation will post 4.7 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is presently 69.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PNW. BMO Capital Markets decreased their price objective on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Barclays increased their price target on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Pinnacle West Capital currently has an average rating of “Hold” and an average target price of $104.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of Pinnacle West Capital in the 4th quarter valued at about $417,000. NewEdge Advisors LLC boosted its holdings in Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after acquiring an additional 7,463 shares during the period. Jones Financial Companies Lllp grew its position in Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 1,180 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after acquiring an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 523 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

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.