Pinnacle West Capital Corp (PNW)

Pinnacle West Capital Corp. reported its second-quarter 2025 financial results with EPS of $1.58 and revenue of $1.36 billion. The company announced a 1.7% increase in its quarterly dividend to $0.91 per share. Analyst ratings have shown mixed sentiments, with firms like RBC Capital, KeyCorp, and Mizuho issuing ratings and price targets. EVP Jacob Tetlow sold 6,496 shares of the company's stock. The stock price has seen some fluctuations, with a sell signal issued from a pivot top point. The company participated in investor meetings to discuss its financial outlook and growth strategies.

Demand for Pinnacle West Capital Corp.'s electricity exhibits seasonality, with summer being the peak season in Arizona. In the second quarter of 2025, the company set a new peak energy demand record for the third consecutive year. Customer demand continues to grow, driven by Arizona's economic diversity and population expansion.

Pinnacle West Capital Corp. is an electricity holding utility based in Phoenix, Arizona, operating through its subsidiary, Arizona Public Service (APS). The company provides electricity and energy-related products and services, focusing on regulated retail and wholesale electricity. It uses a diverse portfolio of electricity generating facilities and secures energy from third parties. APS operates and co-owns the Palo Verde Generating Station, a significant source of clean electricity.

Pinnacle West Capital Corp. primarily serves customers across Arizona. Arizona Public Service (APS) provides electric service to approximately 1.4 million customers within a 35,000-square-mile territory in central Arizona, including the Phoenix area.

Pinnacle West Capital Corp. has demonstrated community engagement and received recognition for its contributions. Linda Benally received the Leon Grant Spirit of the Community Award. APS is recognized for its customer growth, healthy finances, and focus on a sustainable energy future for Arizona, aiming for carbon-neutral energy by 2050.

Institutional investors and hedge funds hold a significant majority of Pinnacle West Capital Corp.'s stock, owning 91.51% of the company's shares. Major institutional owners include Capital Research and Management Company, The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Individual investors own approximately 0.26% of the stock.