Brokerages Set Pinnacle West Capital Corporation (NYSE:PNW) PT at $102.50

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $102.50.

A number of equities analysts have weighed in on PNW shares. Truist Financial reduced their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Morgan Stanley set a $92.00 price objective on shares of Pinnacle West Capital in a research report on Thursday, May 21st. TD Cowen upped their price objective on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th.

Pinnacle West Capital Stock Performance

PNW opened at $102.29 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The firm has a fifty day moving average price of $101.75 and a 200 day moving average price of $97.16. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $105.08. The stock has a market cap of $12.40 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.75 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.30. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts anticipate that Pinnacle West Capital will post 4.7 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Insider Activity at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pinnacle West Capital

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its stake in Pinnacle West Capital by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after buying an additional 100 shares during the period. Excelsior Advisor Network LLC boosted its stake in Pinnacle West Capital by 4.3% during the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock worth $264,000 after buying an additional 108 shares during the period. Empowered Funds LLC boosted its stake in Pinnacle West Capital by 3.8% during the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock worth $281,000 after buying an additional 116 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Pinnacle West Capital by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock worth $418,000 after buying an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Pinnacle West Capital by 11.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 140 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.