Quantbot Technologies LP Purchases Shares of 36,631 Pinnacle West Capital Corporation $PNW

Key Points

• Quantbot Technologies acquired 36,631 shares of Pinnacle West Capital valued at approximately $3.92 million during the second quarter. 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 the $1.46 analyst consensus. The company maintained fiscal 2026 EPS guidance of $4.55–$4.75.
• The utility declared a quarterly dividend of $0.91 per share, representing an annualized dividend of $3.64 and a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $103.57.

Quantbot Technologies LP acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 36,631 shares of the utilities provider's stock, valued at approximately $3,920,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC grew its position 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 valued at $26,000 after acquiring an additional 126 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the 2nd quarter worth about $27,000. MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital in the 2nd quarter worth about $32,000. Clearstead Advisors LLC raised its holdings in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider's stock worth $35,000 after purchasing an additional 185 shares during the period. Finally, Bell Investment Advisors Inc lifted its stake in shares of Pinnacle West Capital by 144.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $97.36 on Monday. Pinnacle West Capital Corporation has a 12 month low of $85.32 and a 12 month high of $111.16. The stock's 50-day moving average is $104.21 and its two-hundred day moving average is $101.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The stock has a market cap of $11.80 billion, a PE ratio of 18.65, a P/E/G ratio of 3.56 and a beta of 0.44.

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

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 3.7%. Pinnacle West Capital's dividend payout ratio (DPR) is 69.73%.

Wall Street Analysts Forecast Growth

PNW has been the subject of a number of research reports. TD Cowen reiterated a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. BMO Capital Markets reduced their price target on shares of Pinnacle West Capital from $106.00 to $104.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley decreased their price objective on shares of Pinnacle West Capital from $97.00 to $94.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Pinnacle West Capital has an average rating of "Hold" and an average target price of $103.57.

Insider Buying and Selling

In other news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company's stock in a transaction 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 transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the firm'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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.19% of the company's stock.

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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