Massachusetts Financial Services Co. MA Acquires 9,298 Shares of Pinnacle West Capital Corporation $PNW

Massachusetts Financial Services Co. MA grew its holdings in Pinnacle West Capital Corporation (NYSE:PNW) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,853,685 shares of the utilities provider’s stock after purchasing an additional 9,298 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.35% of Pinnacle West Capital worth $305,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its stake in Pinnacle West Capital by 109.6% during the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 126 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the second quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new position in Pinnacle West Capital in the second quarter valued at approximately $32,000. Clearstead Advisors LLC lifted its stake in Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after buying an additional 185 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Pinnacle West Capital by 55.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 827 shares of the utilities provider’s stock worth $83,000 after buying an additional 295 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Pinnacle West Capital

In other Pinnacle West Capital news, CAO Elizabeth A. Blankenship sold 980 shares of the business’s 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 completion of the sale, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 sale, the senior vice president owned 4,910 shares of the company’s stock, valued at $500,869.10. This trade represents a 26.83% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PNW shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Morgan Stanley set a $97.00 price target on shares of Pinnacle West Capital in a report on Wednesday, July 22nd. Finally, BMO Capital Markets decreased their price target on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.07.

Pinnacle West Capital Stock Up 0.7%

Shares of NYSE:PNW opened at $101.39 on Friday. The business’s 50 day simple moving average is $104.54 and its two-hundred day simple moving average is $101.57. The firm has a market cap of $12.29 billion, a P/E ratio of 19.42, a PEG ratio of 3.69 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. Pinnacle West Capital Corporation has a 52-week low of $85.32 and a 52-week high of $111.16.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The company’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, research analysts forecast that Pinnacle West Capital Corporation will post 4.7 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.6%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 69.73%.

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.