Investment Analysts’ Recent Ratings Updates for Pinnacle West Capital (PNW)

Pinnacle West Capital (NYSE: PNW) has recently received a number of price target changes and ratings updates:

• 2/26/2026 – Pinnacle West Capital was given a new $107.00 price target by Stifel Nicolaus.
• 2/26/2026 – Pinnacle West Capital had its price target raised by BMO Capital Markets from $98.00 to $107.00. They now have a “market perform” rating on the stock.
• 2/26/2026 – Pinnacle West Capital had its price target raised by Citigroup Inc. from $100.00 to $109.00. They now have a “neutral” rating on the stock.
• 2/26/2026 – Pinnacle West Capital had its price target raised by TD Cowen from $97.00 to $100.00. They now have a “hold” rating on the stock.
• 2/26/2026 – Pinnacle West Capital had its price target raised by Wells Fargo & Company from $91.00 to $97.00. They now have an “equal weight” rating on the stock.
• 2/20/2026 – Pinnacle West Capital was given a new $96.00 price target by Morgan Stanley.
• 1/23/2026 – Pinnacle West Capital had its “sector perform” rating reaffirmed by Royal Bank Of Canada. They now have a $103.00 price target on the stock.
• 1/22/2026 – Pinnacle West Capital had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 1/21/2026 – Pinnacle West Capital had its “underperform” rating reaffirmed by Morgan Stanley.
• 1/20/2026 – Pinnacle West Capital had its price target lowered by Wells Fargo & Company from $92.00 to $91.00. They now have an “equal weight” rating on the stock.
• 1/15/2026 – Pinnacle West Capital had its price target lowered by Barclays PLC from $95.00 to $90.00. They now have an “equal weight” rating on the stock.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio (DPR) 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.