Pinnacle West Capital Corporation (NYSE:PNW) Stock Rated “Hold” by Wall Street Brokerages

Posted by Francis Steltz on Sep 28th, 2026

Shares of Pinnacle West Capital Corporation (NYSE:PNW – Get Free Report) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $104.23.

Several equities analysts have recently commented on PNW shares. BMO Capital Markets decreased their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Truist Financial decreased their target price on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a research report on Monday, August 17th. TD Cowen reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, July 8th.

View Our Latest Report on PNW

Pinnacle West Capital Price Performance

Shares of PNW stock opened at $91.76 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The firm’s 50-day moving average is $98.98 and its two-hundred day moving average is $101.41. Pinnacle West Capital has a 12 month low of $85.91 and a 12 month high of $111.16. The company has a market capitalization of $11.12 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.35 and a beta of 0.45.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 net margin of 11.52% and a return on equity of 8.99%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Analysts predict that Pinnacle West Capital will post 4.71 earnings per share for the current year.

Insider Activity at Pinnacle West Capital

In related news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the sale, the senior vice president owned 4,910 shares in the company, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the sale, the chief accounting officer directly owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PNW. Envestnet Asset Management Inc. boosted its holdings in 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 grew its position in Pinnacle West Capital by 2.1% in 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 in the last quarter. Sequoia Financial Advisors LLC increased its stake in Pinnacle West Capital by 45.2% during the second quarter. Sequoia Financial Advisors LLC now owns 14,841 shares of the utilities provider’s stock worth $1,588,000 after purchasing an additional 4,620 shares during the period. Tidal Investments LLC increased its stake in Pinnacle West Capital by 233.3% during the second quarter. Tidal Investments LLC now owns 35,637 shares of the utilities provider’s stock worth $3,813,000 after purchasing an additional 24,946 shares during the period. Finally, MCF Advisors LLC boosted its stake in shares of Pinnacle West Capital by 11.7% in the second quarter. MCF Advisors LLC now owns 10,889 shares of the utilities provider’s stock valued at $1,165,000 after purchasing an additional 1,142 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Pinnacle West Capital

(Get Free Report)

Pinnacle West Capital Corporation (NYSE: PNW) is an energy holding company headquartered in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that provides power to residential, commercial and industrial customers throughout much of Arizona.

Through APS, Pinnacle West is involved in the generation, transmission and distribution of electricity. Its generation portfolio includes nuclear, natural gas, coal, solar and other renewable energy resources.