Pinnacle West Capital (NYSE:PNW) Sets New 52-Week High – Here’s Why

Shares of Pinnacle West Capital Corporation (NYSE:PNW) reached a new 52-week high on Tuesday . The stock traded as high as $100.65 and last traded at $100.14, with a volume of 1103708 shares trading hands. The stock had previously closed at $99.60.

Trending Headlines about Pinnacle West Capital

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Pinnacle West beat quarterly EPS expectations ($0.13 vs. $0.05 consensus), turning a year-ago loss into positive earnings — a near-term fundamental catalyst. Pinnacle West posts quarterly profit
• Positive Sentiment: The company outlined a large investment program (about $7.95–8.0B through 2028) and is targeting 5–7% long‑term sales growth while advancing grid expansion — supportive for long‑term rate base and earnings growth. Pinnacle West Beats Q4 … to Invest $8B
• Positive Sentiment: Citigroup raised its price target to $109 (while keeping a Neutral rating), signaling improved analyst valuation that implies upside from current levels. Benzinga
• Neutral Sentiment: TD Cowen nudged its target up to $100 and maintained a Hold rating — a modest, largely neutral analyst action. Benzinga
• Neutral Sentiment: Full Q4 earnings materials and call transcripts/slide deck are available for investors doing deeper due diligence (useful but informational). Earnings presentation
• Negative Sentiment: FY‑2026 EPS guidance was set to $4.55–4.75, slightly below the consensus (~$4.80), which likely tempered upside after the quarter — investors often react negatively to any guidance shortfall. Press release / guidance
• Negative Sentiment: Revenue for the quarter (~$1.13B) missed the ~$1.17B consensus, and Wells Fargo’s updated $97 target still implies some downside versus current levels — a combination that can pressure the stock despite the EPS beat. Benzinga

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price objective on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. UBS Group raised their price objective on Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $96.00 target price on Pinnacle West Capital in a research report on Friday, February 20th. Finally, Citigroup increased their price target on Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pinnacle West Capital has an average rating of “Hold” and a consensus target price of $100.08.

Pinnacle West Capital Trading Down 0.3%

The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The stock has a 50-day simple moving average of $92.93 and a 200 day simple moving average of $90.67. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 5.97 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Pinnacle West Capital had a return on equity of 8.86% and a net margin of 11.55%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, equities research analysts predict that Pinnacle West Capital Corporation will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s payout ratio is presently 74.74%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Pinnacle West Capital in the fourth quarter valued at $417,000. NewEdge Advisors LLC boosted its stake in shares of Pinnacle West Capital by 999.1% in the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after buying an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Pinnacle West Capital by 109.8% during the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 1,180 shares during the period. Goldman Sachs Group Inc. raised its position in Pinnacle West Capital by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after acquiring an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Pinnacle West Capital by 12.8% during the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after acquiring an additional 523 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 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.