Brokerages Set Pinnacle West Capital Corporation (NYSE:PNW) Target Price at $100.08

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $100.0769.

Several research analysts recently commented on PNW shares. Barclays cut their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Wells Fargo & Company boosted their price objective on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. BMO Capital Markets increased their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Citigroup raised their target price on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a report on Friday, January 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PNW. Gateway Investment Advisers LLC grew its stake in shares of Pinnacle West Capital by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock valued at $4,035,000 after buying an additional 114 shares in the last quarter. Empowered Funds LLC boosted its holdings in Pinnacle West Capital by 3.8% in the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock worth $281,000 after acquiring an additional 116 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Pinnacle West Capital by 27.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 117 shares during the period. Stratos Wealth Partners LTD. grew its position in Pinnacle West Capital by 2.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock valued at $418,000 after acquiring an additional 131 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

PNW stock opened at $100.60 on Friday. The company has a market cap of $12.16 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 3.70 and a beta of 0.54. 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 stock has a 50-day moving average price of $95.28 and a two-hundred day moving average price of $91.26. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $103.21.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. The company 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 company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, research analysts predict that Pinnacle West Capital will post 5.13 EPS for the current year.

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.