Pinnacle West Capital Corporation (NYSE:PNW) Stock Has Consensus Price Target of $104.23

Pinnacle West Capital Corporation (NYSE:PNW) has been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $104.23.

A number of analysts have commented on PNW shares. Barclays increased their price objective on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Jefferies Financial Group restated a “buy” rating and issued a $129.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. BMO Capital Markets cut their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. TD Cowen reiterated a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Finally, Morgan Stanley lowered their price objective on Pinnacle West Capital from $94.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $91.76 on Wednesday. Pinnacle West Capital has a 52-week low of $85.91 and a 52-week high of $111.16. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 3.33 and a beta of 0.45. The company has a fifty day simple moving average of $98.98 and a 200-day simple moving average of $101.41. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. Pinnacle West Capital’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts anticipate that Pinnacle West Capital will post 4.71 EPS for the current fiscal year.

Insider Buying and Selling at Pinnacle West Capital

In other Pinnacle West Capital news, CAO Elizabeth A. Blankenship sold 980 shares of Pinnacle West Capital stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $99.17, for a total transaction of $97,186.60. Following the transaction, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the transaction, the senior vice president owned 4,910 shares in the company, valued at $500,869.10. The trade was a 26.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PNW. JFS Wealth Advisors LLC raised its position in Pinnacle West Capital by 109.6% in the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Compass Financial Management LLC acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter worth about $33,000. Bell Investment Advisors Inc raised its holdings in Pinnacle West Capital by 144.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares during the period. Clearstead Advisors LLC raised its holdings in 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 buying an additional 185 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Pinnacle West Capital by 41,300.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 414 shares of the utilities provider’s stock valued at $44,000 after buying an additional 413 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Pinnacle West Capital

Pinnacle West Capital Corporation (NYSE: PNW) is an energy holding company headquartered in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that provides power to residential, commercial and industrial customers throughout much of Arizona.

Through APS, Pinnacle West is involved in the generation, transmission and distribution of electricity. Its generation portfolio includes nuclear, natural gas, coal, solar and other renewable energy resources.