Squarepoint Ops LLC Sells 346,212 Shares of Pinnacle West Capital Corporation $PNW

Squarepoint Ops LLC lessened its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 28.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 881,636 shares of the utilities provider’s stock after selling 346,212 shares during the period. Squarepoint Ops LLC owned about 0.73% of Pinnacle West Capital worth $94,335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its stake in 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 acquiring an additional 126 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital during the second quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new stake in Pinnacle West Capital in the second quarter valued at approximately $32,000. Compass Financial Management LLC bought a new position in shares of Pinnacle West Capital during the 2nd quarter worth approximately $33,000. Finally, Clearstead Advisors LLC increased its holdings in shares of Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $98.15 on Wednesday. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.56 and a beta of 0.45. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two 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 stock has a fifty day moving average price of $102.55 and a 200-day moving average price of $101.98.

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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities analysts anticipate that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were given a $0.91 dividend. The ex-dividend date was Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. Pinnacle West Capital’s payout ratio is presently 69.73%.

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 that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the transaction, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the sale, the chief accounting officer owned 10,886 shares of the company’s stock, valued at $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PNW. Truist Financial cut their price target on Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating for the company in a report on Monday, August 17th. Barclays lifted their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. BMO Capital Markets cut their price objective on shares of 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. Morgan Stanley decreased their target price on Pinnacle West Capital from $97.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Finally, TD Cowen reissued a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $104.62.

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.