Louisiana State Employees Retirement System Makes New $615,000 Investment in Pinnacle West Capital Corporation $PNW

Louisiana State Employees Retirement System acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,100 shares of the utilities provider’s stock, valued at approximately $615,000.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Pinnacle West Capital by 3.8% in the fourth 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 in the last quarter. Stratos Wealth Partners LTD. raised its stake in Pinnacle West Capital by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 140 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Pinnacle West Capital by 4.7% in the fourth quarter. Truist Financial Corp now owns 3,733 shares of the utilities provider’s stock worth $331,000 after acquiring an additional 167 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Pinnacle West Capital by 1.1% in the 4th quarter. New York Life Investment Management LLC now owns 16,192 shares of the utilities provider’s stock valued at $1,436,000 after purchasing an additional 170 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PNW has been the topic of a number of research analyst reports. Barclays raised their target price 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 increased their price target on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a report on Tuesday, April 21st. TD Cowen boosted their price objective on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Morgan Stanley set a $95.00 target price on Pinnacle West Capital in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and an average price target of $103.14.

Pinnacle West Capital Stock Up 1.6%

Pinnacle West Capital stock opened at $108.67 on Wednesday. The company has a market capitalization of $13.17 billion, a PE ratio of 20.24, a PEG ratio of 3.91 and a beta of 0.43. Pinnacle West Capital Corporation has a 12-month low of $85.32 and a 12-month high of $110.41. The firm’s fifty day moving average is $102.70 and its 200 day moving average is $98.83. 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 quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The firm 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 business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts predict that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.78%.

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.