Pinnacle West Capital (NYSE:PNW) Rating Lowered to Sell at Wall Street Zen

Pinnacle West Capital (NYSE:PNW) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial decreased their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Barclays upped their price objective on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Citigroup upped their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $102.50.

Pinnacle West Capital Trading Up 0.8%

Shares of NYSE PNW opened at $103.26 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The business has a fifty day simple moving average of $101.73 and a two-hundred day simple moving average of $96.72. The firm has a market cap of $12.51 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $104.92.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.30. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts expect that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Insider Transactions at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PNW. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new position in Pinnacle West Capital during the 2nd quarter valued at about $32,000. Clearstead Advisors LLC increased its position in Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after buying an additional 185 shares in the last quarter. Dorato Capital Management acquired a new position in Pinnacle West Capital during the 4th quarter valued at about $69,000. Finally, EverSource Wealth Advisors LLC increased its position in Pinnacle West Capital by 55.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $83,000 after buying an additional 295 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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.