Algert Global LLC Decreases Stock Holdings in Pinnacle West Capital Corporation $PNW

Key Points

• Algert Global reduced its Pinnacle West Capital stake by 18.4% in the second quarter, selling 19,130 shares and retaining 85,002 shares valued at approximately $9.1 million. Institutional investors collectively own 91.51% of the company.
• Pinnacle West reported quarterly EPS of $1.43, slightly below the $1.46 consensus estimate, while revenue rose 7.1% year over year to $1.46 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.55–$4.75.
• The utility declared a quarterly dividend of $0.91 per share, equivalent to an annualized $3.64 and a 3.7% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $103.57.

Algert Global LLC reduced its position in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 18.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,002 shares of the utilities provider's stock after selling 19,130 shares during the period. Algert Global LLC owned 0.07% of Pinnacle West Capital worth $9,095,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. DNB Asset Management AS grew its position in Pinnacle West Capital by 61.3% during the 4th quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider's stock worth $3,978,000 after purchasing an additional 17,037 shares during the period. Qsemble Capital Management LP lifted its holdings in shares of Pinnacle West Capital by 393.7% in the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider's stock valued at $4,316,000 after buying an additional 38,805 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Pinnacle West Capital in the 4th quarter valued at about $1,789,000. Integrated Investment Consultants LLC purchased a new stake in shares of Pinnacle West Capital in the fourth quarter worth about $1,047,000. Finally, LSV Asset Management boosted its stake in shares of Pinnacle West Capital by 46.4% in the fourth quarter. LSV Asset Management now owns 135,710 shares of the utilities provider's stock worth $12,037,000 after buying an additional 43,000 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $97.69 on Wednesday. The stock has a 50 day moving average of $103.98 and a two-hundred day moving average of $101.89. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $111.16. The firm has a market cap of $11.84 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 3.57 and a beta of 0.44. The company has a current ratio of 0.59, a quick ratio of 0.41 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts expect that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital's dividend payout ratio is currently 69.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PNW. Wall Street Zen cut Pinnacle West Capital from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. BMO Capital Markets dropped their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Barclays lifted 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 report on Wednesday, July 1st. TD Cowen reissued a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Finally, Jefferies Financial Group restated a "buy" rating and set a $129.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Three equities research 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 has a consensus rating of "Hold" and an average price target of $103.57.

Insider Transactions at Pinnacle West Capital

In other news, CAO Elizabeth A. Blankenship sold 980 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the transaction, the chief accounting officer directly owned 10,886 shares in the company, valued at $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 is available at this hyperlink. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by corporate insiders.

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.

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