Massachusetts Financial Services Co. MA Raises Position in Pinnacle West Capital Corporation $PNW

Massachusetts Financial Services Co. MA raised its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,853,685 shares of the utilities provider’s stock after acquiring an additional 9,298 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Pinnacle West Capital were worth $305,344,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PNW. JFS Wealth Advisors LLC grew its stake in shares of Pinnacle West Capital by 109.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 126 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Pinnacle West Capital in the second quarter valued at about $27,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital during the second quarter valued at about $32,000. Clearstead Advisors LLC lifted its position in shares of Pinnacle West Capital by 88.5% during the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Pinnacle West Capital by 55.5% during the first quarter. EverSource Wealth Advisors LLC now owns 827 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 295 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Price Performance

PNW opened at $101.39 on Friday. The firm has a market cap of $12.29 billion, a P/E ratio of 19.42, a PEG ratio of 3.69 and a beta of 0.44. The firm has a 50-day moving average of $104.54 and a 200 day moving average of $101.57. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $111.16.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts expect that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 69.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNW. TD Cowen reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday. 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 research report on Wednesday, July 1st. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $104.07.

Insider Activity at Pinnacle West Capital

In related news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the sale, the senior vice president owned 4,910 shares of the company’s stock, valued at approximately $500,869.10. The trade was a 26.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.19% of the company’s stock.

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.