Pinnacle West Capital (NYSE:PNW) Given New $101.00 Price Target at Barclays

Pinnacle West Capital (NYSE:PNW) had its price objective lifted by research analysts at Barclays from $97.00 to $101.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price suggests a potential upside of 1.34% from the company’s current price.

PNW has been the subject of several other research reports. Citigroup upped their target price on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a research report on Thursday, February 26th. Morgan Stanley set a $96.00 price target on shares of Pinnacle West Capital in a report on Friday, February 20th. TD Cowen upped their price objective on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Finally, Wells Fargo & Company lifted their target price on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $100.92.

Pinnacle West Capital Stock Down 0.9%

Shares of PNW stock traded down $0.89 during trading hours on Tuesday, reaching $99.66. The company had a trading volume of 98,011 shares, compared to its average volume of 1,325,686. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $103.97. The business has a fifty day simple moving average of $97.84 and a 200-day simple moving average of $92.29.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caldwell Trust Co bought a new stake in shares of Pinnacle West Capital in the 2nd quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in Pinnacle West Capital during the second quarter valued at $27,000. Bayforest Capital Ltd purchased a new stake in Pinnacle West Capital in the third quarter worth $29,000. Quent Capital LLC bought a new stake in shares of Pinnacle West Capital in the third quarter valued at $30,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital in the second quarter valued at $32,000. 91.51% of the stock is owned by institutional investors.

About Pinnacle West Capital

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.