Pinnacle West Capital Corporation (NYSE:PNW) Receives $104.14 Consensus PT from Analysts

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $104.1429.

PNW has been the topic of a number of research analyst reports. TD Cowen increased their target price on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Barclays upped their price target on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Morgan Stanley set a $95.00 price objective on Pinnacle West Capital in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Argus increased their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th.

Insider Buying and Selling at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares of the company’s stock, valued at $656,766. The trade was a 49.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Pinnacle West Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Pinnacle West Capital in the 4th quarter worth about $140,468,000. ATLAS Infrastructure Partners UK Ltd. boosted its holdings in Pinnacle West Capital by 44.3% during the fourth quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock valued at $395,712,000 after acquiring an additional 1,369,350 shares during the period. Soroban Capital Partners LP increased its position in Pinnacle West Capital by 34.0% in the 1st quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock worth $388,373,000 after buying an additional 977,411 shares during the period. Balyasny Asset Management L.P. acquired a new position in Pinnacle West Capital during the 4th quarter valued at $68,008,000. Finally, Wellington Management Group LLP acquired a new stake in Pinnacle West Capital during the fourth quarter worth about $57,379,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Stock Performance

Shares of Pinnacle West Capital stock opened at $109.30 on Friday. The firm has a market cap of $13.25 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.90 and a beta of 0.43. The firm’s 50-day simple moving average is $103.59 and its 200-day simple moving average is $99.81. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $110.40.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts forecast that Pinnacle West Capital will post 4.73 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a yield of 3.3%. Pinnacle West Capital’s payout ratio is 67.78%.

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.