Pinnacle West Capital Corporation (NYSE:PNW) Receives Average Rating of “Hold” from Analysts

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat 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 objective among brokers that have issued ratings on the stock in the last year is $102.7143.

A number of analysts have recently issued reports on the stock. Truist Financial assumed coverage on shares of Pinnacle West Capital in a research note on Monday, April 20th. They set a “hold” rating and a $108.00 target price for the company. Citigroup lifted their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Barclays lifted their price objective on shares of Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Morgan Stanley set a $92.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Pinnacle West Capital Stock Down 0.1%

Pinnacle West Capital stock opened at $102.77 on Thursday. The stock has a market capitalization of $12.45 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $104.92. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average of $101.37 and a 200-day moving average of $95.73.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Monday, May 4th. The utilities provider reported $0.27 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts anticipate that Pinnacle West Capital will post 4.7 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be paid a $0.91 dividend. The ex-dividend date is Monday, May 4th. This represents a $3.64 annualized dividend and a yield of 3.5%. Pinnacle West Capital’s payout ratio is 67.78%.

Insiders Place Their Bets

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president owned 6,634 shares in the company, valued at $656,766. The trade was a 49.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Trading of Pinnacle West Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital in the 2nd quarter worth 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 position 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 valued at $35,000 after buying an additional 185 shares in the last quarter. Dorato Capital Management acquired a new position in shares of Pinnacle West Capital in the 4th quarter valued at approximately $69,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 295 shares in the last quarter. Institutional investors and hedge funds 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.