Pinnacle West Capital Corporation (NYSE:PNW) Given Consensus Recommendation of “Hold” by Analysts

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $96.5833.

A number of research analysts recently commented on PNW shares. Barclays increased their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Wednesday, October 8th. Mizuho lowered shares of Pinnacle West Capital from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $102.00 to $90.00 in a report on Tuesday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price target on shares of Pinnacle West Capital in a research report on Tuesday, November 4th. Finally, Morgan Stanley set a $85.00 price target on Pinnacle West Capital in a research note on Tuesday, December 16th.

Pinnacle West Capital Trading Down 1.5%

NYSE PNW opened at $87.26 on Monday. The company’s fifty day simple moving average is $89.56 and its 200-day simple moving average is $89.79. The stock has a market cap of $10.44 billion, a P/E ratio of 17.92, a PEG ratio of 8.51 and a beta of 0.54. Pinnacle West Capital has a 52 week low of $81.47 and a 52 week high of $96.50. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.35. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.78 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 EPS. 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. Equities research analysts predict that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s payout ratio is 74.74%.

Hedge Funds Weigh In On Pinnacle West Capital

A number of hedge funds have recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new stake in shares of Pinnacle West Capital during the second quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital during the second quarter worth about $27,000. Bayforest Capital Ltd bought a new position in Pinnacle West Capital in the third quarter worth about $29,000. Quent Capital LLC acquired a new position in Pinnacle West Capital in the third quarter valued at approximately $30,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Pinnacle West Capital during the second quarter valued at approximately $31,000. 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.