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

Pinnacle West Capital Corporation (NYSE:PNW) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $100.9231.

PNW has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Pinnacle West Capital from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Barclays raised their price target on Pinnacle West Capital from $97.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Finally, Citigroup increased their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th.

Pinnacle West Capital Price Performance

Shares of PNW opened at $100.71 on Wednesday. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.69 and a beta of 0.54. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $103.97. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $98.00 and a two-hundred day moving average of $92.38.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted ($0.06) earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts predict that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 position in shares of Pinnacle West Capital in the 2nd quarter valued at $27,000. Bayforest Capital Ltd acquired a new position in shares of Pinnacle West Capital in the 3rd quarter valued at $29,000. Quent Capital LLC purchased a new position in Pinnacle West Capital in the 3rd quarter worth $30,000. Finally, MUFG Securities EMEA plc purchased a new position in Pinnacle West Capital in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.