Pinnacle West Capital (NYSE:PNW) Stock Price Expected to Rise, Citigroup Analyst Says

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

Several other analysts have also issued reports on the stock. 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. Morgan Stanley set a $96.00 price target on shares of Pinnacle West Capital in a research note on Friday, February 20th. TD Cowen upped 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. UBS Group increased their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company raised their target price on Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pinnacle West Capital currently has an average rating of “Hold” and an average price target of $100.08.

Pinnacle West Capital Stock Down 0.3%

Shares of NYSE PNW traded down $0.26 during mid-day trading on Thursday, reaching $99.53. 1,232,677 shares of the company traded hands, compared to its average volume of 1,307,149. The company’s fifty day moving average is $92.71 and its two-hundred day moving average is $90.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. Pinnacle West Capital has a fifty-two week low of $85.32 and a fifty-two week high of $100.65. The stock has a market cap of $11.91 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 5.99 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results 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. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.17 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 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Institutional Trading of Pinnacle West Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Pinnacle West Capital during the 4th quarter worth approximately $417,000. NewEdge Advisors LLC increased its holdings in shares of Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after acquiring an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Pinnacle West Capital by 109.8% during the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 1,180 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after purchasing an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 523 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

More Pinnacle West Capital News

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.