Pinnacle West Capital Corporation (NYSE:PNW) Receives $102.50 Average Price Target from Brokerages

Posted by Brenda Bartman on Jun 22nd, 2026

Pinnacle West Capital Corporation (NYSE:PNW – Get Free Report) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $102.50.

A number of brokerages have weighed in on PNW. Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial cut their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Morgan Stanley set a $92.00 price objective on shares of Pinnacle West Capital in a report on Thursday, May 21st. Finally, Wall Street Zen cut shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.

View Our Latest Stock Report on PNW

Insider Activity at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total transaction of $650,133.00. Following the sale, the executive vice president owned 6,634 shares in the company, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pinnacle West Capital

A number of institutional investors have recently made changes to their positions in PNW. Norges Bank purchased a new stake in shares of Pinnacle West Capital during the fourth quarter valued at approximately $140,468,000. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Pinnacle West Capital by 44.3% during the fourth quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock valued at $395,712,000 after buying an additional 1,369,350 shares during the last quarter. Soroban Capital Partners LP grew its holdings in shares of Pinnacle West Capital by 34.0% during the first quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock valued at $388,373,000 after buying an additional 977,411 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Pinnacle West Capital during the fourth quarter valued at approximately $68,008,000. Finally, Capital Research Global Investors boosted its holdings in Pinnacle West Capital by 5.0% in the third quarter. Capital Research Global Investors now owns 15,853,302 shares of the utilities provider’s stock worth $1,421,407,000 after purchasing an additional 758,190 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Price Performance

Shares of PNW opened at $102.29 on Monday. The stock has a market cap of $12.40 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 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 $105.08. The firm’s 50-day simple moving average is $101.75 and its two-hundred day simple moving average is $97.22.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts anticipate that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 4th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, May 4th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Pinnacle West Capital Company Profile

(Get Free Report)

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.