Vise Technologies Inc. Buys Shares of 13,120 Pinnacle West Capital Corporation $PNW

Vise Technologies Inc. purchased a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,120 shares of the utilities provider’s stock, valued at approximately $1,404,000.

Several other hedge funds have also made changes to their positions in the business. ATLAS Infrastructure Partners UK Ltd. boosted its stake in shares of Pinnacle West Capital by 44.3% in the fourth quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock valued at $395,712,000 after purchasing an additional 1,369,350 shares during the period. Invesco Ltd. increased its stake in Pinnacle West Capital by 1.8% during the 4th quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock worth $376,910,000 after buying an additional 74,023 shares during the period. Soroban Capital Partners LP lifted its holdings in Pinnacle West Capital by 34.0% during the 1st quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock worth $388,373,000 after buying an additional 977,411 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Pinnacle West Capital by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,095,691 shares of the utilities provider’s stock worth $274,117,000 after buying an additional 27,861 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Pinnacle West Capital by 0.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,853,685 shares of the utilities provider’s stock worth $305,344,000 after buying an additional 9,298 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on PNW shares. Jefferies Financial Group restated a “buy” rating and issued a $129.00 price target on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Barclays lifted their target price on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. BMO Capital Markets cut their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.57.

Pinnacle West Capital Trading Down 2.0%

NYSE:PNW opened at $97.36 on Friday. Pinnacle West Capital Corporation has a 1 year low of $85.32 and a 1 year high of $111.16. The stock has a market cap of $11.80 billion, a P/E ratio of 18.65, a P/E/G ratio of 3.56 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The stock has a 50-day simple moving average of $104.21 and a 200-day simple moving average of $101.77.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.Pinnacle West Capital’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts anticipate that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is 69.73%.

Insiders Place Their Bets

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

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.