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

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.7143.

PNW has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Truist Financial initiated coverage on Pinnacle West Capital in a report on Monday, April 20th. They issued a “hold” rating and a $108.00 price objective on the stock. Stifel Nicolaus set a $107.00 price objective on Pinnacle West Capital in a report on Thursday, February 26th. Citigroup raised their price objective on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, Argus raised their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $103.01 on Thursday. The business’s 50-day moving average price is $101.38 and its 200 day moving average price is $95.52. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $104.92. The company has a market capitalization of $12.48 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 3.77 and a beta of 0.46. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38.

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

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.78%.

Insider Activity at Pinnacle West Capital

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

Institutional Investors Weigh In On Pinnacle West Capital

Several hedge funds have recently modified their holdings of the stock. Kentucky Retirement Systems purchased a new stake in shares of Pinnacle West Capital during the 1st quarter valued at about $915,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 during the period. Empire Financial Management Company LLC purchased a new stake in shares of Pinnacle West Capital during the 1st quarter valued at about $220,000. California State Teachers Retirement System raised its holdings in shares of Pinnacle West Capital by 26.0% during the 1st quarter. California State Teachers Retirement System now owns 143,293 shares of the utilities provider’s stock valued at $14,437,000 after buying an additional 29,608 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Pinnacle West Capital by 6.5% during the 1st quarter. Royal Bank of Canada now owns 225,298 shares of the utilities provider’s stock valued at $22,699,000 after buying an additional 13,747 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.