Pinnacle West Capital (NYSE:PNW) Price Target Raised to $100.00

Pinnacle West Capital (NYSE:PNW) had its target price lifted by stock analysts at TD Cowen from $97.00 to $100.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the utilities provider’s stock. TD Cowen’s target price indicates a potential upside of 0.67% from the stock’s previous close.

Several other research analysts have also recently commented on the company. KeyCorp cut Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Zacks Research raised shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Morgan Stanley set a $96.00 target price on Pinnacle West Capital in a report on Friday, February 20th. Finally, BMO Capital Markets raised their price target on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus target price of $99.33.

Pinnacle West Capital Trading Down 0.5%

Pinnacle West Capital stock traded down $0.46 during midday trading on Thursday, reaching $99.34. 789,362 shares of the stock traded hands, compared to its average volume of 1,297,313. The firm has a market cap of $11.89 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 5.99 and a beta of 0.54. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The company has a 50-day simple moving average of $92.71 and a two-hundred day simple moving average of $90.61. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $100.65.

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 the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned ($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. Research analysts expect that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC raised its stake in shares of Pinnacle West Capital by 4,666.1% in the second quarter. AE Wealth Management LLC now owns 139,599 shares of the utilities provider’s stock worth $12,490,000 after acquiring an additional 136,670 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Pinnacle West Capital during the third quarter valued at $16,292,000. Y Intercept Hong Kong Ltd boosted its holdings in Pinnacle West Capital by 164.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 44,748 shares of the utilities provider’s stock valued at $4,012,000 after acquiring an additional 27,832 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Pinnacle West Capital by 556.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,208 shares of the utilities provider’s stock worth $1,633,000 after purchasing an additional 15,434 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in Pinnacle West Capital during the 3rd quarter worth about $2,234,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Pinnacle West Capital

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Q4 EPS materially beat expectations — PNW reported about $0.13 EPS vs. ~$0.05 expected, a sharp improvement from a year‑ago loss, signaling operating recovery and higher profitability. Earnings Call Transcript
• Positive Sentiment: Management announced a long‑term plan — PNW is targeting 5–7% sales growth through 2030 and advancing grid expansion and its regulatory strategy, which supports longer‑term rate base growth and earnings power. Long‑term growth & grid strategy
• Positive Sentiment: Near‑term profitability helped by robust demand and higher rates — the utility benefited from stronger power demand and rate actions, supporting the headline profit improvement. Reuters: Quarterly profit
• Neutral Sentiment: Revenue slightly missed estimates — Q4 revenue was about $1.13B vs. ~$1.17B consensus, a modest shortfall that tempers the EPS beat and suggests some business pressures. Zacks: Beats earnings & revenue
• Neutral Sentiment: Slides and management commentary available — company slide deck and call provide detail on capex plans, regulatory timing and rate case assumptions for investors who want to dig into guidance drivers. MarketBeat: Earnings package
• Negative Sentiment: FY‑2026 EPS guidance came in slightly below consensus — management set a 2026 EPS range of ~4.55–4.75, under the Street midpoint (~4.80), which likely drove short‑term selling as investors reprice near‑term expectations. BusinessWire: Full‑year & Q4 results

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.