Pinnacle West Capital Corporation (NYSE:PNW) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts rate Pinnacle West as "Hold" — 15 firms cover the stock (1 sell, 11 hold, 3 buy) and the average 1‑year price target is $100.92, roughly in line with the current ~$100.71 share price.
• Quarterly results beat on EPS: the company reported $0.13 EPS vs. $0.05 expected while revenue slightly missed, and Pinnacle West set FY2026 guidance of $4.55–$4.75 per share (analysts forecast ~$5.13).
• Several brokers modestly raised price targets recently (UBS, Wells Fargo, BMO, RBC) while KeyCorp downgraded its rating; institutional ownership is high at 91.51% and the stock trades near its 52‑week high.

Shares of Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) have been assigned an average rating of "Hold" from the fifteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $100.9231.

Several research analysts have issued reports on PNW shares. UBS Group increased their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, December 17th. Royal Bank Of Canada restated a "sector perform" rating and issued a $103.00 price target on shares of Pinnacle West Capital in a report on Friday, January 23rd. Wells Fargo & Company upped their price target on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. BMO Capital Markets increased their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a "market perform" rating in a research note on Thursday, February 26th. Finally, KeyCorp downgraded shares of Pinnacle West Capital from an "overweight" rating to a "sector weight" rating in a research note on Friday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Caldwell Trust Co bought a new stake in Pinnacle West Capital during the second quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in Pinnacle West Capital in the second quarter valued at about $27,000. Bayforest Capital Ltd bought a new position in Pinnacle West Capital in the third quarter worth about $29,000. Quent Capital LLC purchased a new stake in shares of Pinnacle West Capital during the third quarter valued at about $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Pinnacle West Capital during the second quarter valued at about $32,000. 91.51% of the stock is owned by institutional investors.

Pinnacle West Capital Trading Up 0.2%

PNW opened at $100.71 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The stock's fifty day moving average is $98.00 and its two-hundred day moving average is $92.38. The company has a market capitalization of $12.18 billion, a P/E ratio of 19.90, a PEG ratio of 3.69 and a beta of 0.54. Pinnacle West Capital has a 52 week low of $85.32 and a 52 week high of $103.97.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.08. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts forecast that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Pinnacle West Capital Company Profile

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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