Vise Technologies Inc. Invests $1.40 Million in Pinnacle West Capital Corporation $PNW

Key Points

• Vise Technologies acquired a new $1.40 million stake in Pinnacle West Capital during the second quarter, purchasing 13,120 shares. Institutional investors collectively own 91.51% of the utility company.
• Pinnacle West reported quarterly revenue of $1.46 billion, up 7.1% year over year, but earnings of $1.43 per share fell short of analyst expectations of $1.46. The company maintained fiscal 2026 EPS guidance of $4.55–$4.75.
• The company declared a quarterly dividend of $0.91 per share, equivalent to a 3.7% yield, while analysts maintained a predominantly cautious outlook with an average “Hold” rating and a $103.57 price target.

Vise Technologies Inc. acquired a new stake in Pinnacle West Capital Corporation (NYSE:PNW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,120 shares of the utilities provider's stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Pinnacle West Capital by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider's stock worth $1,386,000 after purchasing an additional 100 shares during the last quarter. Excelsior Advisor Network LLC raised its position in shares of Pinnacle West Capital by 4.3% in the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider's stock valued at $264,000 after buying an additional 108 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Pinnacle West Capital by 3.8% in the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider's stock worth $281,000 after buying an additional 116 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Pinnacle West Capital by 5.1% in the second quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider's stock worth $265,000 after buying an additional 120 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted 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 worth $26,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity at Pinnacle West Capital

In related news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital 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 in the company, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the sale, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Corporate insiders own 0.19% of the company's stock.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $97.36 on Friday. Pinnacle West Capital Corporation has a 52 week low of $85.32 and a 52 week high of $111.16. The stock's fifty day moving average is $104.21 and its two-hundred day moving average is $101.77. The company has a market capitalization of $11.80 billion, a P/E ratio of 18.65, a P/E/G ratio of 3.56 and a beta of 0.44. 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 (NYSE:PNW - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business'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 company posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts expect that Pinnacle West Capital Corporation will post 4.71 EPS for the current year.

Pinnacle West Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

PNW has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of Pinnacle West Capital from $107.00 to $101.00 and set a "hold" rating for the company in a report on Monday, August 17th. Wall Street Zen cut Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Morgan Stanley dropped their price target on Pinnacle West Capital from $97.00 to $94.00 and set an "equal weight" rating for the company in a research report on Friday. TD Cowen reaffirmed a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Pinnacle West Capital currently has an average rating of "Hold" and an average price target of $103.57.

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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