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

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

• 5/5/2026 – Pinnacle West Capital had its price target raised by Barclays PLC from $101.00 to $102.00. They now have an “equal weight” rating on the stock.
• 4/21/2026 – Pinnacle West Capital had its price target lowered by Morgan Stanley from $99.00 to $98.00. They now have an “equal weight” rating on the stock.
• 4/21/2026 – Pinnacle West Capital was given a new $106.00 price target by Wells Fargo & Company.
• 4/20/2026 – Pinnacle West Capital is now covered by Truist Financial Corporation. They set a “hold” rating and a $108.00 price target on the stock.
• 4/14/2026 – Pinnacle West Capital had its price target raised by Argus from $95.00 to $106.00. They now have a “buy” rating on the stock.
• 3/31/2026 – Pinnacle West Capital had its price target raised by Barclays PLC from $97.00 to $101.00. They now have an “equal weight” rating on the stock.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is currently 71.94%.

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.