Epoch Investment Partners Inc. Lowers Holdings in Pinnacle West Capital Corporation $PNW

Epoch Investment Partners Inc. trimmed its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 498,231 shares of the utilities provider’s stock after selling 7,021 shares during the quarter. Epoch Investment Partners Inc. owned 0.41% of Pinnacle West Capital worth $50,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. DNB Asset Management AS increased its stake in Pinnacle West Capital by 61.3% during the 4th quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider’s stock valued at $3,978,000 after purchasing an additional 17,037 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Pinnacle West Capital by 53.0% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 277,946 shares of the utilities provider’s stock worth $24,654,000 after buying an additional 96,236 shares in the last quarter. Qsemble Capital Management LP grew its holdings in shares of Pinnacle West Capital by 393.7% during the fourth quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider’s stock valued at $4,316,000 after buying an additional 38,805 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Pinnacle West Capital during the fourth quarter valued at approximately $1,047,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Pinnacle West Capital during the fourth quarter valued at approximately $1,789,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the 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 transaction, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

Pinnacle West Capital Stock Up 0.8%

PNW opened at $106.22 on Friday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 3.86 and a beta of 0.43. The firm has a 50 day moving average price of $104.42 and a 200-day moving average price of $100.47. Pinnacle West Capital Corporation has a twelve month low of $85.32 and a twelve month high of $111.16. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38.

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 analysts’ consensus estimates of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Pinnacle West Capital Corporation will post 4.74 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PNW. Barclays boosted their price objective 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. Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a report on Tuesday, April 21st. Finally, TD Cowen increased their price objective on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.07.

About Pinnacle West Capital

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.