Pinnacle West Capital Corporation (NYSE:PNW) Receives Average Rating of “Hold” from Analysts

Pinnacle West Capital Corporation (NYSE:PNW) has been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $103.00.

A number of equities analysts have commented on PNW shares. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research note on Tuesday, April 21st. Truist Financial started coverage on Pinnacle West Capital in a research note on Monday, April 20th. They set a “hold” rating and a $108.00 price objective on the stock. Citigroup raised their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Argus raised their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, TD Cowen raised their price objective on Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th.

Hedge Funds Weigh In On Pinnacle West Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in shares of Pinnacle West Capital in the 2nd quarter valued at $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $30,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital in the 2nd quarter valued at $32,000. Finally, Clearstead Advisors LLC increased its stake in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $103.84 on Friday. The firm has a market cap of $12.57 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 3.72 and a beta of 0.49. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $104.92. The business’s 50 day moving average is $101.45 and its 200-day moving average is $94.53.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned ($0.06) EPS. The company’s revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts predict that Pinnacle West Capital will post 4.7 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be paid a $0.91 dividend. The ex-dividend date is Monday, May 4th. This represents a $3.64 annualized dividend and a dividend yield of 3.5%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 71.94%.

Pinnacle West Capital Company Profile

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.