Brokerages Set Pinnacle West Capital Corporation (NYSE:PNW) Target Price at $96.17

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $96.1667.

A number of equities research analysts recently commented on PNW shares. Royal Bank Of Canada upgraded Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. UBS Group upped their price objective on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. KeyCorp downgraded Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Jefferies Financial Group restated a “buy” rating and issued a $115.00 price target on shares of Pinnacle West Capital in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th.

Institutional Investors Weigh In On Pinnacle West Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNW. Brighton Jones LLC purchased a new position in shares of Pinnacle West Capital in the 4th quarter worth approximately $417,000. NewEdge Advisors LLC boosted its stake in Pinnacle West Capital by 999.1% during the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after buying an additional 7,463 shares during the period. Jones Financial Companies Lllp boosted its stake in Pinnacle West Capital by 109.8% during the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,180 shares during the period. Goldman Sachs Group Inc. increased its position in Pinnacle West Capital by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after acquiring an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Pinnacle West Capital by 12.8% in the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after acquiring an additional 523 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle West Capital Stock Performance

PNW opened at $93.62 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 9.48 and a beta of 0.55. The company has a fifty day moving average of $88.89 and a 200 day moving average of $89.79. Pinnacle West Capital has a fifty-two week low of $84.28 and a fifty-two week high of $96.50.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping the consensus estimate of $3.04 by $0.35. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. As a group, sell-side analysts forecast that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.9%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 74.74%.

About Pinnacle West Capital

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.