Pinnacle West Capital Corporation $PNW Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,735 shares of the utilities provider’s stock after selling 20,989 shares during the quarter. Aigen Investment Management LP’s holdings in Pinnacle West Capital were worth $509,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Pinnacle West Capital in the second quarter worth $27,000. MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital in the second quarter worth $32,000. Clearstead Advisors LLC raised its holdings in shares of Pinnacle West Capital by 88.5% in the fourth 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. Dorato Capital Management acquired a new position in shares of Pinnacle West Capital in the fourth quarter worth $69,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Pinnacle West Capital by 102.1% in the third quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 488 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the sale, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $103.26 on Tuesday. The company has a market cap of $12.51 billion, a P/E ratio of 19.23, a P/E/G ratio of 3.79 and a beta of 0.44. 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 Corporation has a 52 week low of $85.32 and a 52 week high of $104.92. The business has a fifty day simple moving average of $101.74 and a 200-day simple moving average of $96.87.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’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. Equities research analysts forecast that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 4th. Pinnacle West Capital’s payout ratio is 67.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PNW. Wall Street Zen cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets boosted their price target on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Truist Financial cut their price target on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a report on Friday, May 29th. TD Cowen lifted 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. Finally, Citigroup lifted their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.50.

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.