Pinnacle West Capital Corporation (NYSE:PNW) Stock Has Consensus Price Target of $102.00 According to Analysts

Pinnacle West Capital Corporation (NYSE:PNW) has earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $102.00.

PNW has been the topic of several research reports. TD Cowen restated a “hold” rating on shares of Pinnacle West Capital in a report on Wednesday, August 12th. BMO Capital Markets dropped their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Truist Financial cut their target price on shares of Pinnacle West Capital from $101.00 to $99.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Finally, Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd.

Pinnacle West Capital Trading Up 1.8%

Shares of PNW stock opened at $102.98 on Friday. The firm has a market capitalization of $12.48 billion, a P/E ratio of 19.38, a P/E/G ratio of 3.63 and a beta of 0.43. Pinnacle West Capital has a twelve month low of $86.18 and a twelve month high of $111.16. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. The stock’s fifty day simple moving average is $97.35 and its 200 day simple moving average is $101.16.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $1.46 billion during 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%. Pinnacle West Capital’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts predict that Pinnacle West Capital will post 4.80 EPS for the current fiscal year.

Insider Buying and Selling at Pinnacle West Capital

In other news, SVP Luis Esparza, Jr. sold 1,800 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the transaction, the senior vice president owned 4,910 shares of the company’s stock, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Elizabeth Blankenship sold 980 shares of Pinnacle West Capital stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. This trade represents a 8.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Pinnacle West Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Pictet & Cie SA acquired a new stake in shares of Pinnacle West Capital during the 3rd quarter worth approximately $1,635,000. V Square Quantitative Management LLC increased its stake in shares of Pinnacle West Capital by 23.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,986 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 765 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pinnacle West Capital by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,227 shares of the utilities provider’s stock valued at $21,531,000 after acquiring an additional 818 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Pinnacle West Capital by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,651 shares of the utilities provider’s stock valued at $26,606,000 after acquiring an additional 5,199 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Pinnacle West Capital by 45.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,841 shares of the utilities provider’s stock valued at $1,588,000 after acquiring an additional 4,620 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.