Pinnacle West Capital (NYSE:PNW) Price Target Raised to $100.00

Pinnacle West Capital (NYSE:PNW) had its target price boosted by analysts at TD Cowen from $97.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the utilities provider’s stock. TD Cowen’s price target indicates a potential upside of 0.67% from the company’s current price.

PNW has been the topic of a number of other research reports. Zacks Research raised Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. UBS Group lifted their target price on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company upped their price target on shares of Pinnacle West Capital from $91.00 to $97.00 and gave the company an “equal weight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $99.33.

Pinnacle West Capital Trading Down 0.5%

PNW traded down $0.46 during midday trading on Thursday, reaching $99.34. 789,362 shares of the company were exchanged, compared to its average volume of 1,297,313. The stock has a market capitalization of $11.89 billion, a P/E ratio of 20.37, a PEG ratio of 5.99 and a beta of 0.54. Pinnacle West Capital has a one year low of $85.32 and a one year high of $100.65. The stock’s 50-day simple moving average is $92.71 and its 200 day simple moving average is $90.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.67.

Pinnacle West Capital (NYSE:PNW) last released 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.17 billion. Pinnacle West Capital had a net margin of 11.20% and a return on equity of 8.57%. Pinnacle West Capital’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) EPS. 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinnacle West Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DGS Capital Management LLC raised its position in Pinnacle West Capital by 12.9% in the fourth quarter. DGS Capital Management LLC now owns 2,810 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 321 shares during the last quarter. Pacer Advisors Inc. boosted its position in Pinnacle West Capital by 120.7% during the 4th quarter. Pacer Advisors Inc. now owns 22,201 shares of the utilities provider’s stock worth $1,969,000 after buying an additional 12,142 shares during the period. Kera Capital Partners Inc. bought a new stake in Pinnacle West Capital during the 4th quarter worth approximately $374,000. Compound Planning Inc. increased its position in Pinnacle West Capital by 8.9% in the 4th quarter. Compound Planning Inc. now owns 3,905 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 319 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Pinnacle West Capital by 1.8% during the fourth quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock worth $376,910,000 after purchasing an additional 74,023 shares during the period. Institutional investors own 91.51% of the company’s stock.

More Pinnacle West Capital News

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Q4 EPS materially beat expectations — PNW reported about $0.13 EPS vs. ~$0.05 expected, a sharp improvement from a year‑ago loss, signaling operating recovery and higher profitability. Earnings Call Transcript
• Positive Sentiment: Management announced a long‑term plan — PNW is targeting 5–7% sales growth through 2030 and advancing grid expansion and its regulatory strategy, which supports longer‑term rate base growth and earnings power. Long‑term growth & grid strategy
• Positive Sentiment: Near‑term profitability helped by robust demand and higher rates — the utility benefited from stronger power demand and rate actions, supporting the headline profit improvement. Reuters: Quarterly profit
• Neutral Sentiment: Revenue slightly missed estimates — Q4 revenue was about $1.13B vs. ~$1.17B consensus, a modest shortfall that tempers the EPS beat and suggests some business pressures. Zacks: Beats earnings & revenue
• Neutral Sentiment: Slides and management commentary available — company slide deck and call provide detail on capex plans, regulatory timing and rate case assumptions for investors who want to dig into guidance drivers. MarketBeat: Earnings package
• Negative Sentiment: FY‑2026 EPS guidance came in slightly below consensus — management set a 2026 EPS range of ~4.55–4.75, under the Street midpoint (~4.80), which likely drove short‑term selling as investors reprice near‑term expectations. BusinessWire: Full‑year & Q4 results

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.