Institutional filing: Barrow Hanley holds 5.43% of Pinnacle West (PNW)

Rhea-AI Filing Summary

Barrow Hanley Mewhinney & Strauss LLC reports beneficial ownership of 6,487,007 shares of Pinnacle West Capital Corp common stock, representing 5.43% of the class. The filing shows the firm has sole voting power over 4,516,996 shares and shared voting power over 1,970,011 shares, with sole dispositive power for all 6,487,007 shares and no shared dispositive power. The statement includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure informs investors of a material institutional stake and the holder's voting and disposition authorities.

Insights

Financial Analyst

TL;DR: Institutional investor holds a material 5.43% PNW stake with clear voting and disposition rights; routine disclosure.

This Schedule 13G shows an investment adviser-level position of 6.487 million shares (5.43%). The split between sole voting power (4.517M) and shared voting power (1.970M) clarifies how many votes the filer can direct. Sole dispositive power over the entire position suggests centralized control of trade decisions. As a 13G, the filing signals passive institutional ownership rather than an active control intent, consistent with the included certification.

Corporate Governance Expert

TL;DR: Ownership above 5% triggers enhanced disclosure; filer affirms no intent to influence control, keeping this a routine regulatory filing.

The disclosure meets materiality thresholds by crossing the 5% ownership mark, which requires transparency about voting and dispositive powers. The explicit certification that holdings are not for control purposes reduces immediate governance concerns. Investors and boards should note the concentration and the voting breakdown when assessing shareholder base and potential proxy dynamics, but the filing itself shows no change of control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Pinnacle West Capital Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

723484101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 723484101

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,516,996.00
6	Shared Voting Power 1,970,011.00
7	Sole Dispositive Power 6,487,007.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,487,007.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.43 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pinnacle West Capital Corp
(b)	Address of issuer's principal executive offices: 400 North Fifth Street, MS 8695, Phoenix, Arizona, 85004
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 723484101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6487007
(b)	Percent of class: 5.43 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4516996
	(ii) Shared power to vote or to direct the vote: 1970011
	(iii) Sole power to dispose or to direct the disposition of: 6487007
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	BARROW HANLEY MEWHINNEY & STRAUSS LLC
Date:	08/12/2025