Mitsubishi UFJ Asset Management Co. Ltd. Has $16.02 Million Stake in Pinnacle West Capital Corporation $PNW

Key Points

• Mitsubishi UFJ Asset Management increased its Pinnacle West stake by 8.7% in the second quarter, bringing its holdings to 149,733 shares worth approximately $16.02 million. Institutional investors and hedge funds collectively own 91.51% of PNW.
• Pinnacle West reported quarterly revenue of $1.46 billion, up 7.1% year over year, but earnings per share of $1.43 fell short of estimates by $0.03. The company maintained fiscal 2026 EPS guidance of $4.55 to $4.75.
• The utility declared a quarterly dividend of $0.91 per share, equivalent to an annualized payout of $3.64 and a 3.7% yield. Analysts remain cautious, with a consensus “Hold” rating and an average price target of $103.79.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,733 shares of the utilities provider's stock after purchasing an additional 12,037 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Pinnacle West Capital worth $16,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. ATLAS Infrastructure Partners UK Ltd. boosted its stake in shares of Pinnacle West Capital by 44.3% during the 4th quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider's stock valued at $395,712,000 after buying an additional 1,369,350 shares during the period. Invesco Ltd. increased its stake in shares of Pinnacle West Capital by 1.8% in the fourth quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider's stock worth $376,910,000 after acquiring an additional 74,023 shares during the last quarter. Soroban Capital Partners LP increased its stake in shares of 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 acquiring an additional 977,411 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Pinnacle West Capital by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,095,691 shares of the utilities provider's stock worth $274,117,000 after acquiring an additional 27,861 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of 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 worth $305,344,000 after acquiring an additional 9,298 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Down 0.1%

Pinnacle West Capital stock opened at $99.29 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $111.16. The firm has a fifty day moving average price of $104.33 and a two-hundred day moving average price of $101.80. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 3.63 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced 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 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%. Pinnacle West Capital's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a $0.91 dividend. This represents a $3.64 annualized dividend 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 is currently 69.73%.

Insider Buying and Selling at Pinnacle West Capital

In related news, 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 transaction, the senior vice president owned 4,910 shares of the company's stock, valued at approximately $500,869.10. The trade was a 26.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Elizabeth A. Blankenship sold 980 shares of the company'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 transaction, the chief accounting officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

PNW has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Truist Financial lowered their price target on Pinnacle West Capital from $107.00 to $101.00 and set a "hold" rating for the company in a research note on Monday. TD Cowen restated a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Morgan Stanley set a $97.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, July 22nd. Finally, 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 research note on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $103.79.

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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