SCHEDULE 13G/A
CUSIP No: 723484101
1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: Lazard Asset Management LLC
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x
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: 3,703,833
6) SHARED VOTING POWER: -
7) SOLE DISPOSITIVE POWER: 3,890,947
8) SHARED DISPOSITIVE POWER: -
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,890,947
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.43%
12) TYPE OF REPORTING PERSON: IA
Item 1(a). Name of Issuer:
PINNACLE WEST CAPITAL CORP
Item 1(b). Address of Issuer's Principal Executive Offices:
400 NORTH FIFTH STREET
MS 8695
PHOENIX, ARIZONA 85004
Item 2(a): Name of Person Filing: Lazard Asset Management LLC
Item 2(b): Address of Principal Business Office or, if None, Residence:
30 Rockefeller Plaza
New York, New York 10112
Item 2(c): Citizenship: Delaware Limited Liability Company
Item 2(d): Title of Class of Securities: Common Stock
Item 2(e): CUSIP Number: 723484101
Item 3: If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
o (a) Broker or Dealer Registered Under Section 15 of the Act
x (b) Adviser registered under section 203 of the Investment Advisers Act of 1940
Item 4: Ownership.
Item 5: Ownership of Five Percent or Less of a Class: Not applicable
Item 6: Ownership of More than Five 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: 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: Certification.
SIGNATURE
Date: February 14, 2024
_________________________
Nargis Hilal
Chief Compliance Officer and Counsel