Barclays Issues Positive Forecast for Pinnacle West Capital (NYSE:PNW) Stock Price

Pinnacle West Capital (NYSE:PNW) had its target price increased by Barclays from $97.00 to $101.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. TD Cowen increased their target price on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Finally, UBS Group lifted their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.92.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $100.71 on Tuesday. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $103.97. The stock has a 50 day moving average of $98.00 and a two-hundred day moving average of $92.38. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The firm has a market cap of $12.18 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.69 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Institutional Trading of Pinnacle West Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd boosted its position 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 during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Pinnacle West Capital during the third quarter worth $16,292,000. Rakuten Investment Management Inc. acquired a new stake in shares of Pinnacle West Capital in the third quarter valued at $2,234,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Pinnacle West Capital by 556.4% in the third 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 in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Pinnacle West Capital by 9.1% in the third quarter. AE Wealth Management LLC now owns 152,331 shares of the utilities provider’s stock valued at $13,658,000 after purchasing an additional 12,732 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.