Pinnacle West Capital Corporation (NYSE:PNW) Receives $96.17 Consensus PT from Analysts

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $96.0833.

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Wednesday, October 8th. TD Cowen assumed coverage on Pinnacle West Capital in a research report on Thursday, October 16th. They set a “hold” rating and a $97.00 target price for the company. Finally, KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th.

Pinnacle West Capital Stock Performance

PNW opened at $93.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.67 and a quick ratio of 0.49. The business has a fifty day simple moving average of $89.10 and a 200 day simple moving average of $89.83. Pinnacle West Capital has a 1 year low of $84.28 and a 1 year high of $96.50. The company has a market capitalization of $11.13 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 9.48 and a beta of 0.55.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. Research analysts expect that Pinnacle West Capital will post 5.13 EPS for the current year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Hedge Funds Weigh In On Pinnacle West Capital

Several hedge funds and other institutional investors have recently made changes to their positions in PNW. Capital Research Global Investors boosted its position in shares of Pinnacle West Capital by 5.0% during the 3rd quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after acquiring an additional 758,190 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pinnacle West Capital by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock valued at $1,322,482,000 after purchasing an additional 316,629 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Pinnacle West Capital by 8.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after purchasing an additional 568,581 shares during the last quarter. Invesco Ltd. increased its stake in shares of Pinnacle West Capital by 2.5% in the 2nd quarter. Invesco Ltd. now owns 4,248,954 shares of the utilities provider’s stock valued at $380,154,000 after purchasing an additional 102,778 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Pinnacle West Capital by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,026,662 shares of the utilities provider’s stock worth $270,282,000 after buying an additional 33,216 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.