CWA Asset Management Group LLC Sells 19,316 Shares of Pinnacle West Capital Corporation $PNW

Key Points

• CWA Asset Management Group reduced its Pinnacle West Capital stake by 40%, selling 19,316 shares and retaining 28,943 shares valued at approximately $2.69 million.
• Institutional investors own 91.51% of Pinnacle West, with several major firms—including Soroban Capital Partners and Wellington Management—adding to their positions.
• Pinnacle West reported quarterly EPS of $1.43, slightly below the $1.46 analyst consensus, while revenue of $1.46 billion exceeded estimates. Analysts maintain a consensus “Hold” rating with an average price target of $102.

CWA Asset Management Group LLC lessened its stake in shares of Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 40.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,943 shares of the utilities provider's stock after selling 19,316 shares during the quarter. CWA Asset Management Group LLC's holdings in Pinnacle West Capital were worth $2,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Pinnacle West Capital in the second quarter valued at approximately $703,598,000. Soroban Capital Partners LP boosted its stake in Pinnacle West Capital by 34.0% in the first 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. Massachusetts Financial Services Co. MA grew its position in Pinnacle West Capital by 0.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,853,685 shares of the utilities provider's stock valued at $305,344,000 after acquiring an additional 9,298 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Pinnacle West Capital by 101.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,456,941 shares of the utilities provider's stock valued at $155,893,000 after purchasing an additional 733,069 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Pinnacle West Capital by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,345,955 shares of the utilities provider's stock worth $135,604,000 after purchasing an additional 27,244 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Stock Up 1.8%

PNW opened at $102.98 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. Pinnacle West Capital Corporation has a twelve month low of $86.18 and a twelve month high of $111.16. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 3.63 and a beta of 0.43. The firm has a 50 day moving average price of $97.35 and a 200-day moving average price of $101.16.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Pinnacle West Capital Corporation will post 4.80 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Elizabeth 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 value of $97,186.60. Following the transaction, the chief accounting officer directly owned 10,886 shares of the company's stock, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital 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 owned 4,910 shares in the company, valued at approximately $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.19% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PNW shares. TD Cowen restated a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Scotiabank started coverage on shares of Pinnacle West Capital in a research note on Tuesday, September 29th. They set a "sector outperform" rating and a $104.00 price objective for the company. Citigroup reissued a "neutral" rating on shares of Pinnacle West Capital in a research note on Thursday, October 8th. Barclays reduced their target price on Pinnacle West Capital from $108.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 1st. Finally, BMO Capital Markets dropped their price target on 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. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Pinnacle West Capital has a consensus rating of "Hold" and an average price target of $102.00.

Pinnacle West Capital Profile

Pinnacle West Capital Corporation NYSE: PNW is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.

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