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

A number of firms have modified their ratings and price targets on shares of Pinnacle West Capital (NYSE: PNW) recently:

• 8/17/2026 – Pinnacle West Capital was given a new $101.00 price target by Truist Financial Corporation. They now have a “hold” rating on the stock.
• 8/12/2026 – Pinnacle West Capital had its “hold” rating reaffirmed by TD Cowen.
• 8/8/2026 – Pinnacle West Capital was downgraded by Wall Street Zen from “hold” to “sell”.
• 8/3/2026 – Pinnacle West Capital had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 7/22/2026 – Pinnacle West Capital was given a new $97.00 price target by Morgan Stanley.
• 7/22/2026 – Pinnacle West Capital had its price target lowered by BMO Capital Markets from $106.00 to $104.00. They now have a “market perform” rating on the stock.
• 7/8/2026 – Pinnacle West Capital had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $129.00 price target on the stock.
• 7/1/2026 – Pinnacle West Capital had its price target raised by Barclays PLC from $102.00 to $108.00. They now have an “equal weight” rating on the stock.
• 6/27/2026 – Pinnacle West Capital was upgraded by Wall Street Zen from “sell” to “hold”.
• 6/24/2026 – Pinnacle West Capital was given a new $95.00 price target by Morgan Stanley.

Pinnacle West Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is 69.73%.

Insider Buying and Selling at Pinnacle West Capital

In related news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $102.01, for a total transaction of $183,618.00. Following the transaction, the senior vice president directly owned 4,910 shares in the company, valued at $500,869.10. The trade was a 26.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the transaction, the chief accounting officer directly owned 10,886 shares in the company, valued at $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.19% of the company’s stock.

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.