<div id="readability-page-1"><div>                     <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/pinnacle-west-capital-co-logo-1200x675.png/query-dj0yMDIyMTEwOTE1NTMwMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/pinnacle-west-capital-co-logo-1200x675.png/query-dj0yMDIyMTEwOTE1NTMwMQ"/>Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) EVP Jacob Tetlow sold 6,567 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the transaction, the executive vice president owned 6,634 shares of the company's stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.</p><h2>Pinnacle West Capital Trading Up 0.6%</h2><ul><li>Are defensive sectors ready to outshine growth in 2024?</li></ul><p>Shares of Pinnacle West Capital stock opened at $99.68 on Friday. The firm has a 50-day simple moving average of $101.41 and a two-hundred day simple moving average of $94.95. The company has a market cap of $12.08 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $104.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. </p><hr/><hr/><p>Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned ($0.04) EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.  As a group, equities analysts predict that  Pinnacle West Capital Corporation will post 4.7 earnings per share for the current fiscal year. </p><h2>Pinnacle West Capital Announces Dividend</h2><ul><li>Ready for the Utilities Rebound? Here Are the Best Picks</li></ul><p>The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th 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, May 4th. Pinnacle West Capital's dividend payout ratio  is currently 67.78%. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research firms have recently weighed in on PNW. Citigroup increased their price target on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, February 26th. Morgan Stanley dropped their price target on shares of Pinnacle West Capital from $99.00 to $98.00 and set an &#34;equal weight&#34; rating for the company in a research note on Tuesday, April 21st. TD Cowen increased their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a &#34;hold&#34; rating in a research note on Thursday, February 26th. Royal Bank Of Canada  reissued a &#34;sector perform&#34; rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Finally, Wells Fargo &amp; Company  set a $106.00 price target on shares of Pinnacle West Capital in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and twelve have issued  a Hold rating to the company's stock. According to MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average target price of $103.07.</p><ul><li>NRG Fastest Mover in S&amp;P As Activist Investor Pushes For Change</li></ul><p><b>View Our Latest Stock Analysis on Pinnacle West Capital</b></p><h2>Institutional Investors Weigh In On Pinnacle West Capital</h2><p>A number of hedge funds have recently added to or reduced their stakes in PNW. CYBER HORNET ETFs LLC acquired a new stake in  Pinnacle West Capital during the 2nd quarter worth approximately $27,000.  Bayforest Capital Ltd acquired a new stake in  Pinnacle West Capital during the 3rd quarter worth approximately $29,000.  Quent Capital LLC acquired a new stake in  Pinnacle West Capital during the 3rd quarter worth approximately $30,000.  MUFG Securities EMEA plc acquired a new stake in  Pinnacle West Capital during the 2nd quarter worth approximately $32,000.  Finally, Clearstead Advisors LLC lifted its holdings in  Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider's stock worth $35,000 after buying an additional 185 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Pinnacle West Capital Company Profile</h2><p> (Get Free Report)</p><p>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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Pinnacle West Capital</li><li>Be Ready: 3 Upcoming Catalysts Could Drive Oracle to Record Highs</li><li>2 Ways to Play the Big Pharma Patent Cliff</li><li>YETI Rallies After Earnings Beat and Raised Outlook</li><li>How the 3 Leading Quantum Firms Stack Up After Q1 Earnings</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. 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<p>Pinnacle West Capital EVP Jacob Tetlow sold 6,567 shares at $99.00 each, totaling $650,133. This sale reduced his ownership by 49.75%, leaving him with 6,634 shares valued at $656,766. The transaction was disclosed to the SEC. The company recently reported earnings of $0.27 per share, exceeding estimates, and announced a quarterly dividend of $0.91 per share, yielding 3.7%. Analysts have mixed ratings on the stock, with an average target price of $103.07.</p>

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

Pinnacle West Capital (NYSE:PNW) EVP Sells $650,133.00 in Stock