PNW · News · 20260805N

Financing Activities

PINNACLE WEST CAPITAL CORP · 2026-08-05 · Importance 58 · Surprise 42

Pinnacle West outlined an approximately $8 billion financing plan for 2026–2028 to fund its Arizona utility investment program. The plan includes $1.0 billion–$1.2 billion of equity financing, creating potential shareholder dilution. The company intends to preserve investment-grade credit ratings while targeting a 65%–75% dividend payout ratio.

Key facts

• Amundi sold 38,490 shares of Pinnacle West and reduced its stake by 19.9%, owning 154,737 shares after the sale and approximately 0.13% of the company. source