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

Pinnacle West Capital Corporation (NYSE:PNW) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $100.0769.

Several equities research analysts have recently issued reports on PNW shares. BMO Capital Markets raised their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. TD Cowen increased their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, UBS Group increased their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th.

Institutional Trading of Pinnacle West Capital

Hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC raised its position in shares of Pinnacle West Capital by 4,666.1% in the second quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider’s stock valued at $12,490,000 after purchasing an additional 136,670 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Pinnacle West Capital in the 3rd quarter worth approximately $16,292,000. Y Intercept Hong Kong Ltd grew its stake in Pinnacle West Capital by 164.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after buying an additional 27,832 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Pinnacle West Capital by 556.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock valued at $1,633,000 after acquiring an additional 15,434 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in Pinnacle West Capital during the 3rd quarter valued at $2,234,000. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $102.54 on Friday. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $103.21. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 3.73 and a beta of 0.54. The company has a fifty day moving average price of $94.57 and a 200-day moving average price of $91.07.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned ($0.06) earnings per share. The firm’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. As a group, equities research analysts predict that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is 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.