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

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been given an average rating of “Hold” by the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $102.50.

Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of 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. Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Truist Financial reduced their price objective on shares of 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. Finally, TD Cowen boosted their target price on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research report on Friday, May 15th.

Pinnacle West Capital Trading Down 0.2%

NYSE PNW opened at $103.26 on Monday. 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 firm has a market cap of $12.51 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 3.79 and a beta of 0.44. The company has a 50 day moving average price of $101.73 and a 200 day moving average price of $96.77. Pinnacle West Capital has a 52 week low of $85.32 and a 52 week high of $104.92.

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

Pinnacle West Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 4th. Pinnacle West Capital’s payout ratio is currently 67.78%.

Insiders Place Their Bets

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total transaction of $650,133.00. Following the sale, the executive vice president owned 6,634 shares of the company’s stock, valued at approximately $656,766. The trade was a 49.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Pinnacle West Capital

Several large investors have recently bought and sold shares of PNW. Brighton Jones LLC purchased a new stake in Pinnacle West Capital during the 4th quarter worth approximately $417,000. NewEdge Advisors LLC grew its position in Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after purchasing an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp grew its position in Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 1,180 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after purchasing an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors 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.