Pinnacle West Capital's Barrow Hanley Stake Grows to 8th Largest Position

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Barrow Hanley Mewhinney & Strauss LLC, a major investment management firm, grew its stake in Pinnacle West Capital Corporation (NYSE:PNW) by 8.5% in the third quarter of 2025, according to a recent 13F filing. Barrow Hanley now owns 7.2 million shares of the Arizona-based utility provider, making it the firm's 8th largest position and representing about 6% of Pinnacle West's outstanding shares.

Why it matters

Pinnacle West Capital is one of the largest electric utilities in the Southwest United States, serving over 1 million customers in Arizona. The increase in Barrow Hanley's position suggests the investment firm sees long-term value in the company, which has been investing heavily in renewable energy projects and infrastructure upgrades to meet evolving environmental regulations.

The details

According to the 13F filing, Barrow Hanley acquired an additional 568,581 shares of Pinnacle West Capital in Q3 2025, bringing its total position to 7,223,725 shares. This represents about 6.04% of the company's outstanding stock, worth approximately $647.7 million based on Pinnacle West's share price at the end of the reporting period.

• Barrow Hanley increased its Pinnacle West Capital stake in the third quarter of 2025.