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

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $97.3846.

Several research firms have recently issued reports on PNW. UBS Group boosted their target price on Pinnacle West Capital from $95.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. TD Cowen began coverage on shares of Pinnacle West Capital in a research note on Thursday, October 16th. They set a “hold” rating and a $97.00 price objective on the stock. KeyCorp decreased their price objective on shares of Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 target price on shares of Pinnacle West Capital in a research note on Monday, October 20th. Finally, Wells Fargo & Company raised shares of Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th.

Pinnacle West Capital Trading Up 1.2%

PNW opened at $90.61 on Thursday. The firm has a 50 day simple moving average of $89.71 and a 200 day simple moving average of $90.08. Pinnacle West Capital has a fifty-two week low of $81.47 and a fifty-two week high of $96.50. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 9.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.37.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The firm 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 10.96% and a return on equity of 8.45%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. On average, sell-side analysts anticipate that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Pinnacle West Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This is a positive change from Pinnacle West Capital’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 4.0%. Pinnacle West Capital’s payout ratio is presently 74.74%.

Hedge Funds Weigh In On Pinnacle West Capital

Institutional investors have recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in Pinnacle West Capital during the 1st quarter worth approximately $25,000. Costello Asset Management INC acquired a new position in shares of Pinnacle West Capital in the first quarter valued at approximately $26,000. Caldwell Trust Co bought a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Pinnacle West Capital during the third quarter worth $29,000. Institutional investors own 91.51% of the company’s stock.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.