Bullish indicating open at $55-$60, IPO prices at $37
Jacob Tetlow, evp, coo, aps, of Pinnacle West Capital Corp (NYSE:PNW), sold 6,496 shares of common stock on August 11, 2025, at a price of $92.37, for a total value of $600035. The transaction occurred near the stock’s 52-week high of $96.50, in a company valued at approximately $11 billion. According to InvestingPro, PNW has maintained dividend payments for 33 consecutive years, currently yielding 3.87%.
Following the transaction, Tetlow directly owns 56 shares of Pinnacle West Capital Corp. He also indirectly owns 2,471 shares through a 401(k). InvestingPro analysis shows the stock generally trades with low price volatility, with additional insights available in the comprehensive Pro Research Report covering this utility giant.
In other recent news, Pinnacle West Capital reported its Q2 2025 earnings, showcasing mixed results. The company achieved earnings per share (EPS) of $1.58, which narrowly missed the forecast of $1.60. Despite this, revenue exceeded expectations slightly, reaching $1.36 billion. The year-over-year EPS results declined by $0.18, approximately 10%, aligning with management’s expectations. In addition, BMO Capital raised its price target for Pinnacle West Capital from $96.00 to $98.00, maintaining a Market Perform rating on the stock. These recent developments reflect cautious investor sentiment as the company navigates a challenging market environment.
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