Elevated Capital Advisors LLC Takes Position in Pinnacle West Capital Corporation $PNW

Elevated Capital Advisors LLC acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,192 shares of the utilities provider’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNW. Oregon Public Employees Retirement Fund boosted its holdings in Pinnacle West Capital by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock valued at $1,386,000 after purchasing an additional 100 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Pinnacle West Capital by 3.8% in the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after buying an additional 116 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Pinnacle West Capital by 2.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock valued at $418,000 after buying an additional 131 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after buying an additional 140 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Pinnacle West Capital by 4.7% during the 4th quarter. Truist Financial Corp now owns 3,733 shares of the utilities provider’s stock worth $331,000 after buying an additional 167 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Price Performance

Shares of PNW opened at $108.05 on Friday. The firm has a 50-day simple moving average of $103.00 and a two-hundred day simple moving average of $99.16. The stock has a market cap of $13.09 billion, a PE ratio of 20.12, a P/E/G ratio of 3.90 and a beta of 0.43. Pinnacle West Capital Corporation has a 1-year low of $85.32 and a 1-year high of $110.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 4.71 EPS for the current year.

Pinnacle West Capital Announces Dividend

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

Wall Street Analyst Weigh In

PNW has been the topic of several analyst reports. Barclays lifted 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. Argus raised their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Jefferies Financial Group restated a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday. TD Cowen lifted their target price 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. Finally, Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.14.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was 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 $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

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.