Pinnacle West Capital Corporation (NYSE:PNW) Declares Quarterly Dividend of $0.91

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Monday, August 3rd will be given a dividend of 0.91 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Pinnacle West Capital has raised its dividend payment by an average of 0.0%per year over the last three years. Pinnacle West Capital has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pinnacle West Capital to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 65.5%.

Pinnacle West Capital Stock Up 1.2%

Pinnacle West Capital stock opened at $105.35 on Thursday. The stock has a market cap of $12.77 billion, a PE ratio of 19.62, a P/E/G ratio of 3.81 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The stock’s fifty day moving average is $101.77 and its two-hundred day moving average is $97.55. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $105.62.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm posted ($0.04) EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts expect that Pinnacle West Capital will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total transaction of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares in the company, valued at approximately $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Institutional Trading of Pinnacle West Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in Pinnacle West Capital in the fourth quarter valued at $417,000. NewEdge Advisors LLC grew its holdings in shares of Pinnacle West Capital by 999.1% during the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after buying an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Pinnacle West Capital by 109.8% during the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,180 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 41,173 shares during the period. Finally, Empowered Funds LLC raised its stake 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 valued at $438,000 after acquiring an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 91.51% 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.