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

Shares of Pinnacle West Capital Corporation (NYSE:PNW) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $104.0714.

PNW has been the subject of a number of research analyst reports. Truist Financial dropped 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 report on Friday, May 29th. Morgan Stanley set a $97.00 target price on Pinnacle West Capital in a research note on Wednesday, July 22nd. Barclays raised their price target on Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Finally, Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a report on Tuesday, April 21st.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital 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 transaction, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pinnacle West Capital

Large investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC boosted its position in Pinnacle West Capital by 109.6% during the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock valued at $26,000 after buying an additional 126 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Pinnacle West Capital in the second quarter worth about $27,000. MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital in the 2nd quarter valued at about $32,000. Clearstead Advisors LLC lifted its stake in shares of Pinnacle West Capital by 88.5% in the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 185 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings 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 valued at $36,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $99.22 on Tuesday. The stock’s 50-day simple moving average is $104.53 and its two-hundred day simple moving average is $101.40. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $111.16. The firm has a market capitalization of $12.03 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.70 and a beta of 0.44. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38.

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

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 3.7%. Pinnacle West Capital’s payout ratio is presently 69.73%.

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.