Pinnacle West Capital (NYSE:PNW) Sets New 1-Year High – Here’s Why

Shares of Pinnacle West Capital Corporation (NYSE:PNW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.32 and last traded at $101.27, with a volume of 530909 shares changing hands. The stock had previously closed at $100.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley set a $96.00 price target on Pinnacle West Capital in a report on Friday, February 20th. TD Cowen lifted their price objective on Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Citigroup upped their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research report on Thursday. Finally, BMO Capital Markets boosted 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 report on Thursday. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Stock Up 1.9%

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The stock has a market capitalization of $12.39 billion, a PE ratio of 20.25, a PEG ratio of 6.01 and a beta of 0.54. The company has a 50 day moving average price of $93.45 and a 200-day moving average price of $90.75.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts forecast that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is presently 71.94%.

Hedge Funds Weigh In On Pinnacle West Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new position in shares of Pinnacle West Capital in the 2nd quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in Pinnacle West Capital in the second quarter worth about $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital during the third quarter valued at approximately $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital during the third quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.