PNWNYSEElectric ServicesFiscal year ends December 31
PINNACLE WEST CAPITAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$101.17−2.25 (-2.18%)
Close on Oct 19, 2026
- Market cap
- $12.60B
- P/E (TTM)
- 19.4
- Dividend yield
- 3.57%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
132M of 121M shares
Institutional holders
728
84 new, 52 sold out
Net institutional buying
7M
In Q2 2026
Insider trades, 12 months
0 buys · 4 sales
Net sold $930.94K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 9,818,438 | 8.20% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Capital Management | 8,892,434 | 7.35% | 13G (passive) | Mar 31, 2026 |
| Barrow Hanley Mewhinney & Strauss LLC | 6,575,662 | 5.40% | 13G (passive) | Jun 30, 2026 |
| Capital Research Global Investors | 16,441,549 | 13.60% | 13G (passive) amendment | Mar 31, 2026 |
| State Street Corporation | – | 6.02% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PNW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Capital Research Global Investors | 16,494,147 | 13.61% | $1.76B | +57,253 | 0.25% |
| BlackRock, Inc. | 11,782,896 | 9.72% | $1.26B | +14,316 | 0.02% |
| Vanguard Capital Management LLC | 7,897,426 | 6.52% | $845.02M | +95,986 | 0.02% |
| State Street Corp | 7,016,843 | 5.79% | $750.80M | +105,654 | 0.02% |
| Barrow Hanley Mewhinney & Strauss LLC | 6,575,681 | 5.43% | $703.60M | −424,936 | 2.13% |
| Vanguard Portfolio Management LLC | 5,986,758 | 4.94% | $640.58M | −1,808 | 0.03% |
| ATLAS Infrastructure Partners (UK) Ltd. | 5,332,226 | 4.40% | $570.55M | +257,813 | 17.30% |
| Invesco Ltd. | 4,173,460 | 3.44% | $446.56M | −76,833 | 0.04% |
| Soroban Capital Partners LP | 3,874,977 | 3.20% | $414.62M | +20,162 | 0.87% |
| Geode Capital Management, LLC | 3,223,551 | 2.66% | $344.31M | +89,508 | 0.02% |
| Massachusetts Financial Services Co /Ma/ | 2,853,685 | 2.35% | $305.34M | +9,298 | 0.10% |
| Two Sigma Investments, LP | 2,517,347 | 2.08% | $269.36M | +328,805 | 0.20% |
| Morgan Stanley | 1,914,042 | 1.58% | $204.80M | −146,953 | 0.01% |
| Barclays PLC | 1,760,271 | 1.45% | $188.35M | +1,015,990 | 0.04% |
| Goldman Sachs Group Inc | 1,602,618 | 1.32% | $171.48M | +34,487 | 0.01% |
| Wellington Management Group Llp | 1,456,941 | 1.20% | $155.89M | +733,069 | 0.03% |
| American Century Companies Inc | 1,444,702 | 1.19% | $154.58M | +1,296,968 | 0.07% |
| Pictet Asset Management Holding SA | 1,410,457 | 1.16% | $150.92M | −6,849 | 0.14% |
| Dimensional Fund Advisors LP | 1,372,876 | 1.13% | $146.90M | +26,921 | 0.03% |
| Nuveen, LLC | 1,343,084 | 1.11% | $143.71M | +359,428 | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 728 | 132M | 100.0% | 84 / 297 | 202 / 52 | 13M | 5M |
| Q1 2026 | 707 | 125M | 100.0% | 102 / 260 | 197 / 43 | 27M | 9M |
| Q4 2025 | 659 | 122M | 100.0% | 93 / 253 | 188 / 46 | 15M | 9M |
| Q3 2025 | 624 | 116M | 96.1% | 63 / 229 | 208 / 65 | 7M | 8M |
| Q2 2025 | 632 | 117M | 96.7% | 83 / 243 | 192 / 58 | 10M | 7M |
| Q1 2025 | 616 | 114M | 94.3% | 72 / 234 | 184 / 69 | 10M | 8M |
| Q4 2024 | 616 | 113M | 93.2% | 108 / 216 | 181 / 65 | 14M | 17M |
| Q3 2024 | 579 | 115M | 95.1% | 80 / 196 | 191 / 39 | 19M | 7M |
| Q2 2024 | 543 | 115M | 94.7% | 63 / 183 | 188 / 41 | 11M | 12M |
| Q1 2024 | 525 | 116M | 95.8% | 65 / 173 | 191 / 82 | 25M | 9M |
| Q4 2023 | 548 | 100M | 82.4% | 87 / 160 | 210 / 51 | 11M | 10M |
| Q3 2023 | 521 | 98M | 81.0% | 72 / 156 | 191 / 68 | 8M | 8M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of PNW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Capital World Growth & Income Fund | 5,138,988 | 4.24% | $512.56M | 0.32% | May 31, 2026 |
| Capital Income Builder | 4,412,220 | 3.64% | $445.59M | 0.34% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 3,847,452 | 3.17% | $411.68M | 0.02% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 3,142,299 | 2.59% | $336.23M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,778,667 | 2.29% | $297.32M | 0.16% | Jun 30, 2026 |
| American Mutual Fund | 2,457,400 | 2.03% | $248.17M | 0.21% | Jul 31, 2026 |
| iShares Select Dividend ETF | 2,250,297 | 1.86% | $227.26M | 0.97% | Jul 31, 2026 |
| Investment Co of America | 2,240,323 | 1.85% | $239.71M | 0.13% | Jun 30, 2026 |
| State Street(R) Utilities Select Sector SPDR(R) ETF | 1,971,925 | 1.63% | $211.00M | 0.91% | Jun 30, 2026 |
| Invesco S&P 500 Equal Weight ETF | 1,807,756 | 1.49% | $182.57M | 0.19% | Jul 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,760,576 | 1.45% | $188.38M | 0.28% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 1,666,377 | 1.37% | $178.30M | 0.02% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 1,531,680 | 1.26% | $152.77M | 0.02% | May 31, 2026 |
| MFS Mid Cap Value Fund | 1,335,566 | 1.10% | $142.91M | 0.83% | Jun 30, 2026 |
| American Funds Global Balanced Fund | 1,072,251 | 0.88% | $108.29M | 0.32% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Theodore N. Geisler | Chairman, CEO and President, Director | 74,290 | 0.06% | Mar 20, 2026 |
| Jeffrey B. Guldner | Chairman, President and CEO, Director | 137,462 | 0.11% | Mar 20, 2025 |
| Elizabeth A. Blankenship | VP, Controller and CAO | 10,940 | 0.01% | Aug 11, 2026 |
| Shirley A. Baum | SVP and GC | 5,846 | 0.00% | Mar 20, 2026 |
| Andrew D. Cooper | SVP & CFO | 37,917 | 0.03% | Mar 20, 2026 |
| Christopher R. Bauer | VP and Treasurer | 304 | 0.00% | Feb 24, 2026 |
| Paul J. Mountain | VP, Finance and Planning | 7,086 | 0.01% | May 6, 2025 |
| Robert Edgar Smith | EVP, CLO, and CDO | 18,328 | 0.02% | Mar 20, 2025 |
| Paula J. Sims | Director | 11,032 | 0.01% | May 18, 2026 |
| James E. Trevathan Jr | Director | 2,660 | 0.00% | May 18, 2026 |
| William H. Spence | Director | 6,291 | 0.01% | May 18, 2026 |
| la Melena Gonzalo A. de Jr | Director | 2,524 | 0.00% | May 18, 2026 |
| Susan T. Flanagan | Director | 750 | 0.00% | May 18, 2026 |
| Ronald Butler Jr | Director | 1,413 | 0.00% | May 18, 2026 |
| Carol S. Eicher | Director | 100 | 0.00% | May 18, 2026 |
| Kristine L. Svinicki | Director | 2,634 | 0.00% | May 18, 2026 |
| Glynis Bryan | Director | 521 | 0.00% | May 18, 2026 |
| Richard P. Fox | Director | 10,626 | 0.01% | May 22, 2025 |
| Jose Luis Esparza Jr | – | 4,910 | 0.00% | Aug 11, 2026 |
| Jacob Tetlow | – | 9,102 | 0.01% | May 14, 2026 |
| Adam C. Heflin | – | 39,477 | 0.03% | Mar 20, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Elizabeth A. Blankenship VP, Controller and CAO | Aug 10, 2026 | Sale | −980 | $99.17 | $97.19K | 10,886 |
| Jose Luis Esparza Jr – | Aug 7, 2026 | Sale | −1,800 | $102.01 | $183.62K | 4,910 |
| Paula J. Sims Director | May 14, 2026 | Award | +1,665 | $99.77 | $166.12K | 11,032 |
| William H. Spence Director | May 14, 2026 | Award | +1,665 | $99.77 | $166.12K | 6,291 |
| Jacob Tetlow – | May 13, 2026 | Sale | −41 | $99.01 | $4.06K | 6,634 |
| Jacob Tetlow – | May 13, 2026 | Sale | −6,526 | $99.00 | $646.07K | 6,675 |
| Andrew D. Cooper SVP & CFO | Mar 18, 2026 | Award | +18,177 | – | – | 37,917 |
| Andrew D. Cooper SVP & CFO | Mar 18, 2026 | Tax withholding | −6,704 | $100.92 | $676.57K | 29,053 |
| Andrew D. Cooper SVP & CFO | Mar 18, 2026 | Returned to company | −2,160 | $100.92 | $217.99K | 35,757 |
| Jose Luis Esparza Jr – | Mar 18, 2026 | Tax withholding | −1,402 | $100.92 | $141.49K | 6,648 |
| Jose Luis Esparza Jr – | Mar 18, 2026 | Returned to company | −443 | $100.92 | $44.71K | 8,050 |
| Jose Luis Esparza Jr – | Mar 18, 2026 | Award | +3,712 | – | – | 8,493 |
| Shirley A. Baum SVP and GC | Mar 18, 2026 | Tax withholding | −1,052 | $100.92 | $106.17K | 5,846 |
| Shirley A. Baum SVP and GC | Mar 18, 2026 | Award | +2,781 | – | – | 7,225 |
| Shirley A. Baum SVP and GC | Mar 18, 2026 | Returned to company | −327 | $100.92 | $33.00K | 6,898 |
| Theodore N. Geisler Chairman, CEO and President, Director | Mar 18, 2026 | Award | +24,287 | – | – | 24,287 |
| Theodore N. Geisler Chairman, CEO and President, Director | Mar 18, 2026 | Returned to company | −2,897 | $100.92 | $292.37K | 21,390 |
| Theodore N. Geisler Chairman, CEO and President, Director | Mar 18, 2026 | Tax withholding | −8,954 | $100.92 | $903.64K | 12,436 |
| Theodore N. Geisler Chairman, CEO and President, Director | Mar 18, 2026 | Gift | −12,436 | – | – | 0 |
| Theodore N. Geisler Chairman, CEO and President, Director | Mar 18, 2026 | Gift | +12,436 | – | – | 50,003 |
| Adam C. Heflin – | Mar 18, 2026 | Tax withholding | −8,364 | $100.92 | $844.09K | 39,471 |
| Adam C. Heflin – | Mar 18, 2026 | Returned to company | −2,642 | $100.92 | $266.63K | 47,835 |
| Adam C. Heflin – | Mar 18, 2026 | Award | +22,157 | – | – | 50,477 |
| Jacob Tetlow – | Mar 18, 2026 | Returned to company | −2,490 | $100.92 | $251.29K | 21,081 |
| Jacob Tetlow – | Mar 18, 2026 | Tax withholding | −7,880 | $100.92 | $795.25K | 13,201 |
| Jacob Tetlow – | Mar 18, 2026 | Award | +20,879 | – | – | 23,571 |
| Elizabeth A. Blankenship VP, Controller and CAO | Mar 18, 2026 | Tax withholding | −733 | $100.92 | $73.97K | 11,866 |
| Elizabeth A. Blankenship VP, Controller and CAO | Mar 18, 2026 | Award | +3,098 | – | – | 12,972 |
| Elizabeth A. Blankenship VP, Controller and CAO | Mar 18, 2026 | Returned to company | −373 | $100.92 | $37.64K | 12,599 |
| Jacob Tetlow – | Feb 20, 2026 | Tax withholding | −605 | $98.34 | $59.50K | 1,930 |
| Jacob Tetlow – | Feb 20, 2026 | Returned to company | −120 | $98.34 | $11.80K | 2,535 |
| Jacob Tetlow – | Feb 20, 2026 | Option exercise | +1,389 | – | – | 3,319 |
| Jacob Tetlow – | Feb 20, 2026 | Returned to company | −54 | $98.34 | $5.31K | 3,265 |
| Jacob Tetlow – | Feb 20, 2026 | Tax withholding | −573 | $98.34 | $56.35K | 2,692 |
| Jacob Tetlow – | Feb 20, 2026 | Option exercise | +1,531 | – | – | 2,655 |
| Jacob Tetlow – | Feb 20, 2026 | Option exercise | +781 | – | – | 837 |
| Jacob Tetlow – | Feb 20, 2026 | Returned to company | −127 | $98.34 | $12.49K | 710 |
| Jacob Tetlow – | Feb 20, 2026 | Tax withholding | −532 | $98.34 | $52.32K | 1,124 |
| Jacob Tetlow – | Feb 20, 2026 | Returned to company | −168 | $98.34 | $16.52K | 1,656 |
| Jacob Tetlow – | Feb 20, 2026 | Option exercise | +1,408 | – | – | 1,824 |
| Jacob Tetlow – | Feb 20, 2026 | Tax withholding | −294 | $98.34 | $28.91K | 416 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Tax withholding | −81 | $98.34 | $7.97K | 304 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Returned to company | −12 | $98.34 | $1.18K | 583 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Option exercise | +291 | – | – | 595 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Tax withholding | −89 | $98.34 | $8.75K | 494 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Returned to company | −17 | $98.34 | $1.67K | 385 |
| Christopher R. Bauer VP and Treasurer | Feb 20, 2026 | Option exercise | +272 | – | – | 402 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Tax withholding | −357 | $98.34 | $35.11K | 16,235 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Option exercise | +490 | – | – | 15,997 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Returned to company | −81 | $98.34 | $7.97K | 15,916 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Tax withholding | −172 | $98.34 | $16.91K | 15,744 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Tax withholding | −792 | $98.34 | $77.89K | 19,600 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Returned to company | −76 | $98.34 | $7.47K | 20,392 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Option exercise | +1,968 | – | – | 20,468 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Tax withholding | −940 | $98.34 | $92.44K | 18,500 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Returned to company | −191 | $98.34 | $18.78K | 19,440 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Option exercise | +2,435 | – | – | 19,631 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Tax withholding | −692 | $98.34 | $68.05K | 17,196 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Returned to company | −227 | $98.34 | $22.32K | 17,888 |
| Andrew D. Cooper SVP & CFO | Feb 20, 2026 | Option exercise | +1,880 | – | – | 18,115 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Esparza Jose SVP Public Policy, APS | Aug 7, 2026 | 1,800 | $183.62K | Aug 7, 2026 | Restricted Stock |
| A. Blankenship Elizabeth VP Controller and CAO | Aug 7, 2026 | 980 | $98.80K | Aug 7, 2026 | Stock issued in connection with awards granted under the Company's Long-Term Incentive Plan |
| Tetlow Jacob EVP and COO, APS | May 12, 2026 | 6,567 | $654.80K | May 12, 2026 | Stock issued in connection with awards granted under the Company's Long-Term Incentive Plan |
| Tetlow Jacob EVP, COO, APS | Aug 11, 2025 | 6,496 | $609.19K | Aug 11, 2025 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| Family Trust/Paul J. Mountain Mountain Officer | May 6, 2025 | 1,503 | $144.15K | May 6, 2025 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| Family Trust/Paul J. Mountain Mountain Officer | May 6, 2025 | 1,503 | $144.15K | May 6, 2025 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| Tetlow Jacob EVP, COO, APS | Mar 3, 2025 | 2,272 | $206.43K | Mar 3, 2025 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| Tetlow Jacob EVP, COO, APS | Nov 13, 2024 | 9,474 | $870.76K | Nov 12, 2024 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| E. Smith Robert Officer | Aug 9, 2024 | 4,950 | $422.33K | Aug 9, 2024 | Stock issued in connection with awards granted under the Company's Long TermIncentive Plan |
| Family Trust/Paul J. Mountain Mountain Officer | Aug 8, 2024 | 2,700 | $230.36K | Aug 8, 2024 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| E. Smith Robert Officer | Dec 8, 2023 | 1,610 | $122.70K | Dec 8, 2023 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| Geisler Family Trust/Theodore N. Geisler The Self | Aug 24, 2023 | 1,491 | $115.82K | Aug 24, 2023 | Stock issued in connection with awards granted under the Company's Long Term Incentive Plan |
| David Wagener Director | May 8, 2023 | 1,500 | $120.05K | May 8, 2023 | Vested Awards |