Pinnacle West Capital (PNW) – Research Analysts’ Recent Ratings Changes

Posted by Joseph Casey on Nov 4th, 2026

Pinnacle West Capital (NYSE: PNW) recently received a number of ratings updates from brokerages and research firms:

11/3/2026 – Pinnacle West Capital was given a new $109.00 price target by Mizuho.
10/30/2026 – Pinnacle West Capital had its “buy (b)” rating reaffirmed by Weiss Ratings.
10/22/2026 – Pinnacle West Capital is now covered by HSBC. They set a “buy” rating and a $119.50 price target on the stock.
10/21/2026 – Pinnacle West Capital had its price target raised by Morgan Stanley from $89.00 to $91.00. They now have an “equal weight” rating on the stock.
10/8/2026 – Pinnacle West Capital had its “neutral” rating reaffirmed by Citigroup.
10/5/2026 – Pinnacle West Capital had its price target lowered by Truist Financial from $101.00 to $99.00. They now have a “hold” rating on the stock.
10/5/2026 – Pinnacle West Capital had its price target lowered by Jefferies Financial Group from $129.00 to $109.00. They now have a “buy” rating on the stock.
10/3/2026 – Pinnacle West Capital was upgraded by Wall Street Zen from “sell” to “hold”.
10/1/2026 – Pinnacle West Capital had its price target lowered by Barclays from $108.00 to $94.00. They now have an “equal weight” rating on the stock.
9/29/2026 – Pinnacle West Capital is now covered by Scotiabank. They set a “sector outperform” rating and a $104.00 price target on the stock.
9/18/2026 – Pinnacle West Capital had its price target lowered by Morgan Stanley from $94.00 to $89.00. They now have an “equal weight” rating on the stock.

Pinnacle West Capital Stock Performance

PNW stock traded down $2.30 during mid-day trading on Wednesday, reaching $105.44. 1,651,649 shares of the stock traded hands, compared to its average volume of 1,252,767. The firm has a market capitalization of $12.78 billion, a PE ratio of 20.20, a P/E/G ratio of 3.79 and a beta of 0.48. The business has a 50-day moving average of $98.66 and a two-hundred day moving average of $100.46. Pinnacle West Capital Corporation has a 52 week low of $86.18 and a 52 week high of $111.16. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The utilities provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.17. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts predict that Pinnacle West Capital Corporation will post 4.81 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be paid a $0.9250 dividend. The ex-dividend date is Monday, November 2nd. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.91. This represents a $3.70 annualized dividend and a dividend yield of 3.5%. Pinnacle West Capital’s dividend payout ratio is 70.88%.

Insider Activity

In other news, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the sale, the chief accounting officer directly owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the transaction, the senior vice president directly owned 4,910 shares of the company’s stock, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by company insiders.

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.