Pinnacle West Capital (NYSE:PNW) Raised to Hold at Wall Street Zen

Pinnacle West Capital (NYSE:PNW) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued research reports about the company. Morgan Stanley lowered their price objective on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Truist Financial assumed coverage on Pinnacle West Capital in a research note on Monday, April 20th. They issued a “hold” rating and a $108.00 price objective for the company. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a research note on Thursday, February 26th. Citigroup upped their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital presently has an average rating of “Hold” and a consensus target price of $103.07.

Pinnacle West Capital Stock Up 0.0%

Shares of NYSE PNW opened at $99.27 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 3.64 and a beta of 0.46. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $104.92. The stock has a 50-day moving average price of $101.50 and a two-hundred day moving average price of $94.70.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts forecast that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Institutional Trading of Pinnacle West Capital

Institutional investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the second quarter valued at approximately $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth $30,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital in the 2nd quarter worth $32,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 185 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

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.