Loading…
Ken GriffinAdded
Citadel Advisors · Q2 2026
$28.44M
265.83K shares · 0.0% of portfolio
Pinnacle West Capital Corp
Pinnacle West Capital Corp (PNW) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Phoenix, United States and has 6,610 employees. The company is worth $12.92B and trades at 19.9x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $5.34B in fiscal 2025, up 4.2% from the year before. Net income was $631.64M. The share price is 4.1% below its 52-week high of $111.16. It pays a dividend yielding 3.41%, and has raised its annual dividend for 14 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $269.36M. In that quarter, 4 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +59.0% over 5Y.
today you would have $1,995.88▲ +99.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $88.70 | $84.77 | $71.84 | $76.04 | $70.59 | $79.95 | $89.93 | $85.20 | $85.18 | $78.03 | $64.48 | $68.31 | $52.92 | $50.98 | $48.18 | $41.45 | $36.58 | $32.13 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.7% a year plus a 3.4% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 16.4 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.2% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WTRGEssential Utilities, Inc. | $43.30 | 20.8x | 1.8x | 3.33% | 8.08% | $12.28B |
| KEPKorea Electric Power Corp | $10.63 | 2.5x | 0.4x | 4.89% | 16.59% | $13.65B |
| BEPBrookfield Renewable Partners L.P. | $28.40 | — | 2.3x | 5.53% | 0.40% | $13.82B |
| EMAEmera Inc | $47.72 |
| P/E | 16.4x | 17.6x | 16.2x | 16.3x | 17.8x | 12.9x | 16.4x | 18.9x | 18.8x | 19.6x | 19.8x | 16.4x | 19.1x | 14.5x | 14.8x | 15.6x | 12.7x | 54.6x | 13.4x |
| P/S | 2.0x | 2.0x | 2.0x | 1.7x | 2.0x | 2.1x | 2.5x | 2.9x | 2.6x | 2.7x | 2.5x | 2.0x | 2.2x | 1.7x | 1.7x | 1.6x | 1.4x | 1.2x | 1.0x |
| P/B | 1.5x | 1.5x | 1.5x | 1.3x | 1.4x | 1.3x | 1.6x | 1.9x | 1.8x | 1.9x | 1.8x | 1.6x | 1.7x | 1.4x | 1.4x | 1.4x | 1.2x | 1.1x | 0.9x |
| EPS | $5.05 | $5.24 | $4.41 | $4.26 | $5.47 | $4.87 | $4.77 | $4.54 | $4.35 | $3.95 | $3.92 | $3.58 | $3.66 | $3.45 | $3.09 | $3.27 | $0.67 | $2.40 |
| Dividend yield | 4.16% | 4.05% | 4.17% | 4.84% | 4.49% | 4.73% | 3.98% | 3.33% | 3.31% | 3.12% | 3.24% | 3.74% | 3.37% | 4.16% | 4.16% | 4.36% | 5.07% | 5.74% | 6.54% |
| Payout | 64.22% | 71.19% | 67.46% | 78.80% | 80.16% | 61.06% | 65.28% | 62.83% | 62.18% | 61.15% | 64.05% | 61.48% | 64.22% | 60.19% | 61.45% | 67.96% | 64.22% | 313.43% | 87.50% |
| Profit margin | 12.36% | 11.83% | 12.22% | 11.05% | 11.58% | 16.72% | 15.89% | 16.07% | 14.37% | 14.25% | 13.19% | 13.05% | 12.13% | 12.74% | 12.51% | 11.32% | 10.98% | 2.17% | 7.52% |
| ROE | 9.65% | 8.96% | 9.27% | 8.40% | 8.28% | 10.77% | 10.12% | 10.27% | 10.16% | 10.15% | 9.61% | 9.95% | 9.70% | 10.49% | 10.40% | 9.60% | 9.50% | 2.06% | 6.78% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+8.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 20.8x |
| 1.6x |
| 4.38% |
| 7.56% |
| $14.66B |
| AESAES Corp | $14.97 | 5.6x | 2.2x | 4.68% | 9.57% | $10.68B |
| TLNTalen Energy Corp | $331.42 | — | 9.8x | 0.00% | -12.82% | $15.68B |
