Pinnacle West Capital (NYSE:PNW) Price Target Raised to $97.00 at Wells Fargo & Company

Pinnacle West Capital (NYSE:PNW) had its price objective boosted by Wells Fargo & Company from $91.00 to $97.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

A number of other brokerages also recently issued reports on PNW. Morgan Stanley set a $96.00 price objective on Pinnacle West Capital in a research note on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Thursday, January 22nd. Zacks Research raised shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Barclays lowered their price objective on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $103.00 target price on shares of Pinnacle West Capital in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and an average target price of $100.08.

Pinnacle West Capital Stock Down 0.3%

Shares of NYSE PNW opened at $99.54 on Thursday. The company has a market capitalization of $11.91 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 5.97 and a beta of 0.54. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $100.65. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67. The company’s 50 day moving average price is $92.93 and its 200-day moving average price is $90.67.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.86%. Pinnacle West Capital’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities analysts forecast that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

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

Institutional Trading of Pinnacle West Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of PNW. Caldwell Trust Co bought a new position in shares of Pinnacle West Capital in the second quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of Pinnacle West Capital during the second quarter worth about $27,000. Bayforest Capital Ltd acquired a new stake in shares of Pinnacle West Capital in the 3rd quarter worth about $29,000. Quent Capital LLC bought a new position in Pinnacle West Capital in the 3rd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc bought a new position in Pinnacle West Capital in the 2nd quarter valued at about $32,000. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital News Roundup

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

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.