Pinnacle West Capital (NYSE:PNW) Price Target Raised to $101.00

Pinnacle West Capital (NYSE:PNW) had its price objective hoisted by Barclays from $97.00 to $101.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

PNW has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Morgan Stanley set a $96.00 price target on shares of Pinnacle West Capital in a research report on Friday, February 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $103.00 price target on shares of Pinnacle West Capital in a research note on Friday, January 23rd. BMO Capital Markets upped their price objective on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Finally, Citigroup increased 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 report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.92.

Pinnacle West Capital Trading Up 1.1%

Shares of NYSE:PNW opened at $102.64 on Tuesday. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $103.97. The company has a market capitalization of $12.41 billion, a PE ratio of 20.28, a PEG ratio of 3.72 and a beta of 0.49. The business has a 50 day moving average of $98.37 and a two-hundred day moving average of $92.52. 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 posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. Pinnacle West Capital had a net margin of 11.55% and a return on equity of 8.82%. 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 posted ($0.06) EPS. The company’s revenue for the quarter 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, analysts forecast that Pinnacle West Capital will post 5.13 EPS for the current year.

Institutional Trading of Pinnacle West Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Caldwell Trust Co purchased a new position in Pinnacle West Capital during the second quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital during the second quarter valued at $27,000. Bayforest Capital Ltd purchased a new stake in Pinnacle West Capital during the 3rd quarter worth about $29,000. Quent Capital LLC purchased a new stake in Pinnacle West Capital during the 3rd quarter worth about $30,000. Finally, MUFG Securities EMEA plc acquired a new position in Pinnacle West Capital in the 2nd quarter valued at about $32,000. 91.51% of the stock is owned by institutional investors and hedge funds.

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.