Pinnacle West Capital (NYSE:PNW) Hits New 12-Month High – Should You Buy?

Pinnacle West Capital Corporation (NYSE:PNW)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $109.52 and last traded at $109.06, with a volume of 1138745 shares traded. The stock had previously closed at $109.37.

Analysts Set New Price Targets

Several research firms have issued reports on PNW. Truist Financial dropped their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research note on Tuesday, April 21st. Barclays boosted their target price on Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Argus increased their price target on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley set a $95.00 price target on Pinnacle West Capital in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $103.14.

Pinnacle West Capital Stock Performance

The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 4.00 and a beta of 0.43. 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 stock’s 50 day moving average is $102.50 and its 200 day moving average is $98.55.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted ($0.04) earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Pinnacle West Capital Corporation will post 4.71 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.78%.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pinnacle West Capital

A number of institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new position in shares of Pinnacle West Capital in the second quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new stake in Pinnacle West Capital in the 2nd quarter worth about $32,000. Clearstead Advisors LLC raised its stake in 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. Dorato Capital Management bought a new stake in Pinnacle West Capital in the 4th quarter valued at about $69,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Pinnacle West Capital by 55.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 295 shares during the period. Institutional investors own 91.51% of the company’s stock.

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.