Recent Analysts’ Ratings Changes for Pinnacle West Capital (PNW)

Several analysts have recently updated their ratings and price targets for Pinnacle West Capital (NYSE: PNW):

• 11/4/2025 – Pinnacle West Capital had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $115.00 price target on the stock.
• 10/28/2025 – Pinnacle West Capital was upgraded by analysts at Wells Fargo & Company to a “hold” rating.
• 10/28/2025 – Pinnacle West Capital was upgraded by analysts at Royal Bank Of Canada to a “hold” rating.
• 10/27/2025 – Pinnacle West Capital is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $92.00 price target on the stock.
• 10/27/2025 – Pinnacle West Capital is now covered by analysts at Royal Bank Of Canada. They set a “sector perform” rating and a $99.00 price target on the stock.
• 10/22/2025 – Pinnacle West Capital was given a new $93.00 price target on by analysts at Morgan Stanley. They now have an “outperform” rating on the stock.
• 10/20/2025 – Pinnacle West Capital had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $99.00 price target on the stock.
• 10/16/2025 – Pinnacle West Capital is now covered by analysts at TD Cowen. They set a “hold” rating and a $97.00 price target on the stock.
• 10/15/2025 – Pinnacle West Capital had its price target lowered by analysts at KeyCorp from $100.00 to $97.00. They now have an “overweight” rating on the stock.
• 10/10/2025 – Pinnacle West Capital had its price target raised by analysts at UBS Group AG from $95.00 to $101.00. They now have a “neutral” rating on the stock.
• 10/10/2025 – Pinnacle West Capital was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating.
• 10/8/2025 – Pinnacle West Capital had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 10/7/2025 – Pinnacle West Capital had its price target raised by analysts at Barclays PLC from $93.00 to $95.00. They now have an “equal weight” rating on the stock.
• 9/30/2025 – Pinnacle West Capital had its price target lowered by analysts at Argus from $98.00 to $95.00. They now have a “buy” rating on the stock.
• 9/27/2025 – Pinnacle West Capital had its “buy (b)” rating reaffirmed by analysts at Weiss Ratings.
• 9/25/2025 – Pinnacle West Capital had its price target lowered by analysts at Morgan Stanley from $89.00 to $87.00. They now have an “equal weight” rating on the stock.
• 9/12/2025 – Pinnacle West Capital had its price target lowered by analysts at UBS Group AG from $98.00 to $95.00. They now have a “neutral” rating on the stock.
• 9/9/2025 – Pinnacle West Capital was downgraded by analysts at Mizuho from an “outperform” rating to a “neutral” rating. They now have a $90.00 price target on the stock, down previously from $102.00.

Pinnacle West Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 4.1%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. The ex-dividend date is Monday, November 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is 74.74%.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,496 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $92.37, for a total transaction of $600,035.52. Following the completion of the transaction, the executive vice president owned 56 shares in the company, valued at $5,172.72. This trade represents a 99.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.