Wall Street Zen Upgrades Pinnacle West Capital (NYSE:PNW) to “Hold”

Posted by Brian Himes on Oct 5th, 2026

Pinnacle West Capital (NYSE:PNW – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Truist Financial decreased their price target on shares of Pinnacle West Capital from $107.00 to $101.00 and set a “hold” rating on the stock in a report on Monday, August 17th. Morgan Stanley lowered their price objective on shares of Pinnacle West Capital from $94.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. 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. Finally, Barclays cut their target price on shares of Pinnacle West Capital from $108.00 to $94.00 and set an “equal weight” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.21.

Check Out Our Latest Analysis on PNW

Pinnacle West Capital Trading Up 0.1%

Shares of PNW stock opened at $96.01 on Friday. The company has a market capitalization of $11.64 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 3.50 and a beta of 0.43. Pinnacle West Capital has a 52-week low of $86.18 and a 52-week high of $111.16. The business’s fifty day moving average is $97.74 and its 200 day moving average is $101.12. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Pinnacle West Capital’s quarterly revenue was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities research analysts anticipate that Pinnacle West Capital will post 4.72 EPS for the current fiscal year.

Insider Activity at Pinnacle West Capital

In other Pinnacle West Capital news, SVP Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 of the company’s stock, valued at $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Elizabeth Blankenship sold 980 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were 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 $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pinnacle West Capital

A number of institutional investors have recently made changes to their positions in PNW. JFS Wealth Advisors LLC lifted its stake in Pinnacle West Capital by 109.6% in the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 126 shares during the last quarter. Compass Financial Management LLC purchased a new stake in Pinnacle West Capital during the second quarter valued at about $33,000. Bell Investment Advisors Inc grew its stake in shares of Pinnacle West Capital by 144.9% during the second quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock valued at $36,000 after buying an additional 200 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Pinnacle West Capital by 41,300.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 414 shares of the utilities provider’s stock worth $44,000 after buying an additional 413 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Pinnacle West Capital by 56.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 579 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Company Profile

(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 a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers across Arizona.

APS operates a diverse portfolio of power resources, including natural gas, nuclear, solar and other renewable generation facilities. The company is also one of the owners and operators of the Palo Verde Generating Station, a nuclear power facility west of Phoenix that supplies electricity to customers in Arizona and other western states.

Pinnacle West was incorporated in 1985 and has focused primarily on providing reliable electricity and supporting Arizona’s growing energy needs.