Pinnacle West Capital (NYSE:PNW) Downgraded by Wall Street Zen to Sell

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

Several other equities analysts have also issued reports on the company. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a research note on Wednesday, July 22nd. Truist Financial lowered their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wells Fargo & Company set a $106.00 price objective on Pinnacle West Capital in a report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.07.

Pinnacle West Capital Stock Performance

Shares of Pinnacle West Capital stock opened at $101.12 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $104.50 and a 200 day simple moving average of $101.31. Pinnacle West Capital has a fifty-two week low of $85.32 and a fifty-two week high of $111.16. The firm has a market cap of $12.26 billion, a P/E ratio of 19.37, a P/E/G ratio of 3.70 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts predict that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 69.73%.

Insider Activity at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. The trade was a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pinnacle West Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC grew its holdings in shares of Pinnacle West Capital by 109.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock valued at $26,000 after buying an additional 126 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Pinnacle West Capital during the 2nd quarter worth $27,000. MUFG Securities EMEA plc acquired a new stake in Pinnacle West Capital during the 2nd quarter worth $32,000. Clearstead Advisors LLC lifted its holdings in Pinnacle West Capital by 88.5% during the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Pinnacle West Capital by 144.9% in the second quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 200 shares during the period. 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.