Pinnacle West Capital Corporation (NYSE:PNW) Stock Has Consensus Price Target of $102.00 According to Brokerages

Key Points

• Analysts maintain a cautious outlook: Fifteen analysts have a consensus “Hold” rating on Pinnacle West Capital, with 11 holds and four buys. The average 12-month price target is $102.00, below the stock’s reported opening price of $103.43.
• Quarterly results were mixed: Pinnacle West reported quarterly EPS of $1.43, slightly below the $1.46 consensus estimate, while revenue of $1.46 billion exceeded expectations and rose 7.1% year over year.
• Institutional ownership remains substantial: Hedge funds and other institutional investors own 91.51% of the company, while recent insider transactions included sales by two executives. Shares were trading within a 12-month range of $86.18 to $111.16.

Shares of Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are currently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $102.00.

A number of research firms recently weighed in on PNW. Wall Street Zen raised shares of Pinnacle West Capital from a "sell" rating to a "hold" rating in a report on Saturday, October 3rd. Truist Financial lowered their target price on shares of Pinnacle West Capital from $101.00 to $99.00 and set a "hold" rating on the stock in a research note on Monday, October 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Citigroup reissued a "neutral" rating on shares of Pinnacle West Capital in a report on Thursday, October 8th. Finally, TD Cowen restated a "hold" rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th.

Pinnacle West Capital Trading Up 1.8%

Shares of PNW opened at $103.43 on Friday. The business's 50-day moving average price is $97.25 and its 200-day moving average price is $101.15. Pinnacle West Capital has a twelve month low of $86.18 and a twelve month high of $111.16. The stock has a market cap of $12.54 billion, a PE ratio of 19.81, a P/E/G ratio of 3.71 and a beta of 0.43. 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 - Get Free Report) last announced its quarterly 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 firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The company's quarterly 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, equities analysts forecast that Pinnacle West Capital will post 4.80 EPS for the current fiscal year.

Insiders Place Their Bets

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Pinnacle West Capital in the second quarter worth approximately $703,598,000. Soroban Capital Partners LP raised its stake in shares of Pinnacle West Capital by 34.0% during the first quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider's stock worth $388,373,000 after acquiring an additional 977,411 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Pinnacle West Capital by 0.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,853,685 shares of the utilities provider's stock worth $305,344,000 after acquiring an additional 9,298 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Pinnacle West Capital by 101.3% during the second quarter. Wellington Management Group LLP now owns 1,456,941 shares of the utilities provider's stock worth $155,893,000 after acquiring an additional 733,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Pinnacle West Capital by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,345,955 shares of the utilities provider's stock worth $135,604,000 after acquiring an additional 27,244 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation NYSE: PNW is an energy holding company headquartered in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers across Arizona.

APS operates a diverse portfolio of power resources, including natural gas, nuclear, solar and other renewable generation facilities. The company is also one of the owners and operators of the Palo Verde Generating Station, a nuclear power facility west of Phoenix that supplies electricity to customers in Arizona and other western states.

Pinnacle West was incorporated in 1985 and has focused primarily on providing reliable electricity and supporting Arizona's growing energy needs.

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