Pinnacle West Capital (NYSE:PNW) Price Target Raised to $97.00

Pinnacle West Capital (NYSE:PNW) had its target price boosted by Wells Fargo & Company from $91.00 to $97.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also weighed in on PNW. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price objective on shares of Pinnacle West Capital in a research report on Tuesday, November 4th. UBS Group boosted their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. KeyCorp downgraded shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Finally, Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $100.26 on Thursday. The stock has a market cap of $12.12 billion, a PE ratio of 19.81, a P/E/G ratio of 6.03 and a beta of 0.54. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a 50-day moving average of $93.19 and a 200-day moving average of $90.71. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $101.13.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.86%. Pinnacle West Capital’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts anticipate that Pinnacle West Capital will post 5.13 EPS for the current year.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 71.94%.

Hedge Funds Weigh In On Pinnacle West Capital

Institutional investors have recently modified their holdings of the business. DGS Capital Management LLC lifted its position in shares of Pinnacle West Capital by 12.9% during the 4th quarter. DGS Capital Management LLC now owns 2,810 shares of the utilities provider’s stock worth $249,000 after buying an additional 321 shares during the last quarter. Pacer Advisors Inc. raised its stake in Pinnacle West Capital by 120.7% during the fourth quarter. Pacer Advisors Inc. now owns 22,201 shares of the utilities provider’s stock worth $1,969,000 after acquiring an additional 12,142 shares in the last quarter. Kera Capital Partners Inc. bought a new position in shares of Pinnacle West Capital in the fourth quarter worth about $374,000. Compound Planning Inc. lifted its holdings in shares of Pinnacle West Capital by 8.9% in the fourth quarter. Compound Planning Inc. now owns 3,905 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 319 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Pinnacle West Capital by 1.8% in the 4th quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock valued at $376,910,000 after purchasing an additional 74,023 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.