Pinnacle West Capital (NYSE:PNW) Price Target Raised to $109.00

Pinnacle West Capital (NYSE:PNW) had its price objective boosted by analysts at Citigroup from $100.00 to $109.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price objective would indicate a potential upside of 9.51% from the stock’s previous close.

A number of other research firms have also issued reports on PNW. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Wells Fargo & Company lifted their target price on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus target price of $100.08.

Pinnacle West Capital Trading Down 0.3%

NYSE:PNW traded down $0.26 on Thursday, reaching $99.53. The company’s stock had a trading volume of 1,232,677 shares, compared to its average volume of 1,307,149. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $100.65. The stock has a 50 day moving average price of $92.71 and a 200 day moving average price of $90.61. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 5.99 and a beta of 0.54. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.28.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned ($0.06) EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. 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 5.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinnacle West Capital

A number of hedge funds have recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in Pinnacle West Capital during the 2nd quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital in the 2nd quarter valued at approximately $27,000. Bayforest Capital Ltd acquired a new stake in Pinnacle West Capital in the third quarter worth about $29,000. Quent Capital LLC purchased a new stake in shares of Pinnacle West Capital during the third quarter valued at $30,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Pinnacle West Capital in the second quarter worth about $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Trending Headlines about Pinnacle West Capital

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Q4 earnings beat — Pinnacle West reported Q4 EPS of ~$0.13 versus street ~$0.05, reversing a year-ago loss and benefitting from stronger power demand and higher rates. This EPS upside supports near-term earnings momentum. Pinnacle West Reports 2025 Full-Year and Fourth-Quarter Results
• Positive Sentiment: Long-term growth & capex plan — Management outlined a target of 5–7% long-term sales growth through 2030 and plans roughly $8B of investment through 2028 to expand the grid and support electrification, which underpins regulated rate-base growth and future revenue visibility. Pinnacle West targets 5–7% long-term sales growth through 2030
• Neutral Sentiment: Analyst move (TD Cowen) — TD Cowen nudged its price target to $100 and kept a “hold” rating; the change is modest and largely reaffirms a neutral stance toward near-term upside. TD Cowen raises PT to $100
• Negative Sentiment: FY2026 guidance slightly below consensus — Pinnacle West set FY2026 EPS guidance at $4.55–$4.75, modestly under the street estimate (~$4.80), which tempers the upbeat Q4 print and is likely a primary reason the stock is trading down. Pinnacle West Reports 2025 Full-Year and Fourth-Quarter Results
• Negative Sentiment: Revenue and analyst downside (Wells Fargo) — Revenue in Q4 came in slightly below consensus ($1.13B vs. ~$1.17B), and Wells Fargo set an equal-weight PT of $97 (below current levels), highlighting cautious views that may pressure the stock near-term. Pinnacle West posts quarterly profit on higher rates, robust power demand

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.