Brokerages Set Pinnacle West Capital Corporation (NYSE:PNW) Price Target at $100.08

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $100.0769.

Several equities research analysts have recently commented on PNW shares. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Citigroup upped their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Morgan Stanley set a $96.00 target price on shares of Pinnacle West Capital in a research note on Friday, February 20th. Finally, BMO Capital Markets lifted their target price on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday, February 26th.

Institutional Investors Weigh In On Pinnacle West Capital

Institutional investors have recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC raised its stake in shares of Pinnacle West Capital by 0.3% during the 3rd quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after buying an additional 114 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Pinnacle West Capital by 3.8% in the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after buying an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Pinnacle West Capital by 27.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 117 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Pinnacle West Capital by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 131 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $102.90 on Friday. The stock has a market capitalization of $12.44 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $103.42. The stock’s 50-day moving average price is $95.83 and its 200 day moving average price is $91.42. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned ($0.06) EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts forecast that Pinnacle West Capital will post 5.13 EPS for the current year.

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.