Neo Ivy Capital Takes Position in Pinnacle West Capital

Utility company sees increased institutional investment

Published on Mar. 9, 2026

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Neo Ivy Capital Management acquired a new position in shares of Pinnacle West Capital Corporation (NYSE:PNW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,038 shares of the utilities provider's stock, valued at approximately $541,000.

Why it matters

The investment by Neo Ivy Capital Management in Pinnacle West Capital Corporation, a major Arizona-based utility company, signals increased institutional interest in the firm. This could indicate confidence in the company's financial performance and growth prospects.

The details

Neo Ivy Capital Management purchased 6,038 shares of Pinnacle West Capital Corporation, valued at around $541,000. This was a new position for the investment firm. Other large investors have also recently made changes to their positions in the company, with AE Wealth Management LLC increasing its stake by 4,666.1% and Deroy & Devereaux Private Investment Counsel Inc. purchasing a new $16.3 million stake.

  • Neo Ivy Capital Management acquired the new position in the third quarter of the year.

The players

Neo Ivy Capital Management

An investment management firm that has taken a new position in Pinnacle West Capital Corporation.

Pinnacle West Capital Corporation

A publicly traded utility holding company headquartered in Phoenix, Arizona that generates, transmits, and distributes electricity to over 1 million customers in central and southern Arizona.

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The takeaway

The investment by Neo Ivy Capital Management in Pinnacle West Capital Corporation suggests growing institutional confidence in the Arizona utility company's financial outlook and growth potential.