Pinnacle West Capital (NYSE:PNW) Sets New 1-Year High – What’s Next?

Shares of Pinnacle West Capital Corporation (NYSE:PNW) hit a new 52-week high during trading on Friday . The company traded as high as $103.28 and last traded at $103.2290, with a volume of 336881 shares changing hands. The stock had previously closed at $101.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PNW shares. Weiss Ratings restated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. TD Cowen increased their price target on Pinnacle West Capital from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Citigroup lifted their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. BMO Capital Markets boosted their target price on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Finally, UBS Group upped their price target on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.08.

Pinnacle West Capital Price Performance

The firm’s 50-day moving average price is $95.54 and its two-hundred day moving average price is $91.33. The stock has a market cap of $12.46 billion, a PE ratio of 20.38, a PEG ratio of 3.69 and a beta of 0.54. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts expect that Pinnacle West Capital Corporation will post 5.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinnacle West Capital

Several institutional investors have recently added to or reduced their stakes in PNW. Gateway Investment Advisers LLC boosted its stake in Pinnacle West Capital by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 44,998 shares of the utilities provider’s stock worth $4,035,000 after purchasing an additional 114 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Pinnacle West Capital by 3.8% during the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Pinnacle West Capital by 27.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 542 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 117 shares during the period. Stratos Wealth Partners LTD. boosted its position in Pinnacle West Capital by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,711 shares of the utilities provider’s stock worth $418,000 after purchasing an additional 131 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.