Pinnacle West Capital Corporation (NYSE:PNW) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Pinnacle West Capital, with 12 hold ratings and three buys among 15 brokerages. The average 12-month price target is $103.57.
• Pinnacle West reported quarterly EPS of $1.43, slightly below the $1.46 consensus, while revenue of $1.46 billion exceeded expectations and rose 7.1% year over year.
• The company declared a quarterly dividend of $0.91 per share, equivalent to an annualized $3.64 and a 3.7% yield; institutional investors own 91.51% of the stock.

Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen brokerages that are covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $103.5714.

PNW has been the topic of several analyst reports. Wall Street Zen downgraded Pinnacle West Capital from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Jefferies Financial Group reissued a "buy" rating and set a $129.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Truist Financial dropped their price target on shares of Pinnacle West Capital from $107.00 to $101.00 and set a "hold" rating for the company in a research note on Monday, August 17th. TD Cowen reaffirmed a "hold" rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. Finally, Barclays increased their price objective on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 1st.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $97.51 on Friday. The firm has a 50-day moving average of $103.72 and a two-hundred day moving average of $101.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The stock has a market cap of $11.82 billion, a P/E ratio of 18.68, a PEG ratio of 3.58 and a beta of 0.44. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $111.16.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm's revenue was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts expect that Pinnacle West Capital will post 4.71 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

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

Insider Activity

In related news, CAO Elizabeth A. Blankenship sold 980 shares of Pinnacle West Capital stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the transaction, the chief accounting officer directly owned 10,886 shares in the company, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the sale, the senior vice president directly owned 4,910 shares of the company's stock, valued at approximately $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Pinnacle West Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS raised its holdings in shares of Pinnacle West Capital by 61.3% during the fourth quarter. DNB Asset Management AS now owns 44,843 shares of the utilities provider's stock worth $3,978,000 after purchasing an additional 17,037 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Pinnacle West Capital in the 4th quarter worth about $1,789,000. Qsemble Capital Management LP boosted its holdings in shares of Pinnacle West Capital by 393.7% in the 4th quarter. Qsemble Capital Management LP now owns 48,661 shares of the utilities provider's stock valued at $4,316,000 after buying an additional 38,805 shares during the period. LSV Asset Management boosted its holdings in shares of Pinnacle West Capital by 46.4% in the 4th quarter. LSV Asset Management now owns 135,710 shares of the utilities provider's stock valued at $12,037,000 after buying an additional 43,000 shares during the period. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Pinnacle West Capital during the 4th quarter valued at about $1,047,000. 91.51% of the stock is 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.

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