Analysts Set Pinnacle West Capital Corporation (NYSE:PNW) Target Price at $96.58

Pinnacle West Capital Corporation (NYSE:PNW) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $96.5833.

A number of research firms recently issued reports on PNW. Argus lowered their price objective on shares of Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Mizuho downgraded shares of Pinnacle West Capital from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $102.00 to $90.00 in a report on Tuesday, September 9th. Barclays raised their price objective on Pinnacle West Capital from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $99.00 target price on shares of Pinnacle West Capital in a report on Monday, October 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, November 4th.

Hedge Funds Weigh In On Pinnacle West Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ATLAS Infrastructure Partners UK Ltd. lifted its holdings in shares of Pinnacle West Capital by 230.5% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,793,546 shares of the utilities provider’s stock worth $266,085,000 after purchasing an additional 1,948,416 shares during the period. Norges Bank bought a new position in Pinnacle West Capital during the 2nd quarter worth $114,384,000. Capital Research Global Investors grew its position in shares of Pinnacle West Capital by 5.0% in the 3rd quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock valued at $1,421,407,000 after buying an additional 758,190 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Pinnacle West Capital by 8.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,223,725 shares of the utilities provider’s stock valued at $647,679,000 after buying an additional 568,581 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Pinnacle West Capital by 2.2% during the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider’s stock worth $1,322,482,000 after acquiring an additional 316,629 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $88.36 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. Pinnacle West Capital has a 52 week low of $81.47 and a 52 week high of $96.50. The stock has a market capitalization of $10.58 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 8.59 and a beta of 0.54. The stock has a fifty day moving average of $89.26 and a 200-day moving average of $89.76.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.35. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.37 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS and its FY 2025 guidance at 4.900-5.100 EPS. On average, sell-side analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a dividend of $0.91 per share. The ex-dividend date is Monday, February 2nd. This represents a $3.64 annualized dividend and a yield of 4.1%. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 74.74%.

Pinnacle West Capital Company Profile

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.