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

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $100.0769.

A number of equities analysts have recently commented on the stock. Morgan Stanley set a $96.00 price objective on shares of Pinnacle West Capital in a research report on Friday, February 20th. Zacks Research raised shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Barclays lowered their target price on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Finally, KeyCorp lowered Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Caldwell Trust Co bought a new stake in Pinnacle West Capital during the second quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in Pinnacle West Capital in the 2nd quarter worth approximately $27,000. Bayforest Capital Ltd bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth $29,000. Quent Capital LLC bought a new position in shares of Pinnacle West Capital in the 3rd quarter worth $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. 91.51% of the stock is currently owned by institutional investors.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $102.54 on Friday. The business’s fifty day moving average is $94.57 and its 200 day moving average is $91.07. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 3.73 and a beta of 0.54. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.36 and a current ratio of 0.54. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $103.21.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts predict that Pinnacle West Capital will post 5.13 EPS for the current year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio (DPR) is 71.94%.

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.