Pinnacle West Capital (NYSE:PNW) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Pinnacle West Capital (NYSE:PNW) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other equities research analysts also recently issued reports about the company. TD Cowen lifted their target price on Pinnacle West Capital from $97.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. BMO Capital Markets boosted their price objective on Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. Morgan Stanley decreased their price objective on Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Argus boosted their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Barclays boosted their price objective on Pinnacle West Capital from $101.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and a consensus price target of $103.07.

Pinnacle West Capital Trading Down 0.3%

Shares of PNW stock opened at $99.27 on Friday. The company has a market cap of $12.03 billion, a P/E ratio of 18.49, a PEG ratio of 3.64 and a beta of 0.46. The stock has a 50 day simple moving average of $101.50 and a two-hundred day simple moving average of $94.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.36 and a current ratio of 0.60. Pinnacle West Capital has a fifty-two week low of $85.32 and a fifty-two week high of $104.92.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Research analysts forecast that Pinnacle West Capital will post 4.7 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, May 4th. This represents a $3.64 annualized dividend and a yield of 3.7%. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Institutional Investors Weigh In On Pinnacle West Capital

Institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital during the second quarter worth $27,000. Bayforest Capital Ltd bought a new stake in Pinnacle West Capital during the third quarter worth $29,000. Quent Capital LLC bought a new stake in Pinnacle West Capital during the third quarter worth $30,000. MUFG Securities EMEA plc purchased a new position in Pinnacle West Capital in the second quarter worth $32,000. Finally, Clearstead Advisors LLC boosted its position in Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

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.