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

Key Points

• Sixteen analysts give Pinnacle West a consensus recommendation of "Hold" (13 holds, 3 buys) with a one‑year average target price of $103.00.
• The company topped quarterly EPS estimates (reported $0.13 vs. $0.05 expected), set FY2026 guidance of $4.55–$4.75 EPS, and analysts project about $4.70 for the year.
• Pinnacle West declared a quarterly dividend of $0.91 (annualized $3.64), implying a 3.6% yield, with an ex‑dividend date of May 4 and payment on June 1.

Shares of Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) have earned a consensus recommendation of "Hold" from the sixteen research firms that are currently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $103.00.

Several research firms have recently issued reports on PNW. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Argus upped their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $103.00 target price on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Barclays lifted their target price on Pinnacle West Capital from $97.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 31st. Finally, TD Cowen boosted their price target on shares of Pinnacle West Capital from $97.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, February 26th.

Institutional Investors Weigh In On Pinnacle West Capital

Several large investors have recently modified their holdings of PNW. CYBER HORNET ETFs LLC purchased a new position in Pinnacle West Capital in the second quarter valued at approximately $27,000. Bayforest Capital Ltd bought a new stake in shares of Pinnacle West Capital in the third quarter valued at $29,000. Quent Capital LLC purchased a new position in shares of Pinnacle West Capital during the 3rd quarter valued at $30,000. MUFG Securities EMEA plc purchased a new position in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. Finally, Clearstead Advisors LLC grew its stake in shares of Pinnacle West Capital by 88.5% during the 4th quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider's stock worth $35,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Pinnacle West Capital Stock Down 1.1%

PNW opened at $102.29 on Friday. Pinnacle West Capital has a fifty-two week low of $85.32 and a fifty-two week high of $104.92. The firm has a market capitalization of $12.38 billion, a P/E ratio of 20.22, a PEG ratio of 3.79 and a beta of 0.49. The company's 50-day moving average is $101.10 and its 200 day moving average is $94.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts expect that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital's payout ratio is presently 71.94%.

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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