Analysts Set Pinnacle West Capital Corporation (NYSE:PNW) Target Price at $104.07

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have received an average rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $104.0714.

PNW has been the subject of a number of research analyst reports. TD Cowen boosted their price target on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a report on Friday, May 15th. Morgan Stanley set a $97.00 price objective on Pinnacle West Capital in a research note on Wednesday, July 22nd. BMO Capital Markets decreased their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, July 8th.

Pinnacle West Capital Stock Up 0.3%

PNW stock opened at $101.12 on Tuesday. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $111.16. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $12.26 billion, a P/E ratio of 19.37, a PEG ratio of 3.70 and a beta of 0.44. The firm has a 50 day simple moving average of $104.50 and a 200-day simple moving average of $101.31.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts predict that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. Pinnacle West Capital’s payout ratio is 69.73%.

Insider Buying and Selling at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction dated 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 in the company, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinnacle West Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of PNW. JFS Wealth Advisors LLC raised its position in shares of Pinnacle West Capital by 109.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 126 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Pinnacle West Capital during the 2nd quarter valued at approximately $27,000. Bell Investment Advisors Inc grew its stake in Pinnacle West Capital by 144.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock worth $36,000 after buying an additional 200 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Pinnacle West Capital during the 2nd quarter worth $32,000. Finally, Clearstead Advisors LLC increased its position in Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after buying an additional 185 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.