Qsemble Capital Management LP Has $4.32 Million Position in Pinnacle West Capital Corporation $PNW

Qsemble Capital Management LP raised its position in Pinnacle West Capital Corporation (NYSE:PNW) by 393.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,661 shares of the utilities provider’s stock after acquiring an additional 38,805 shares during the quarter. Qsemble Capital Management LP’s holdings in Pinnacle West Capital were worth $4,316,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PNW. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter worth about $27,000. Bayforest Capital Ltd acquired a new stake in shares of Pinnacle West Capital during the 3rd quarter worth about $29,000. Quent Capital LLC acquired a new stake in shares of Pinnacle West Capital during the 3rd quarter worth about $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter worth about $32,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Pinnacle West Capital by 103.6% during the 3rd quarter. CoreCap Advisors LLC now owns 397 shares of the utilities provider’s stock worth $36,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $656,766. This trade represents 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 available through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

PNW has been the subject of a number of research reports. Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research note on Tuesday, April 21st. Barclays raised their target price on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Argus raised their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley cut their target price on shares of Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.14.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $98.46 on Friday. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $104.92. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.66 and a beta of 0.46. The firm’s 50-day simple moving average is $101.32 and its 200 day simple moving average is $94.97. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned ($0.04) earnings per share. Pinnacle West Capital’s revenue for the quarter 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. As a group, sell-side analysts predict that Pinnacle West Capital Corporation will post 4.7 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 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.