Brokerages Set Pinnacle West Capital Corporation (NYSE:PNW) Target Price at $103.14

Posted by Brenda Bartman on May 24th, 2026

Pinnacle West Capital Corporation (NYSE:PNW – Get Free Report) has received an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $102.7143.

Several research firms recently issued reports on PNW. TD Cowen increased their target price on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a research note on Tuesday, April 21st. Citigroup increased their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Stifel Nicolaus set a $107.00 price target on Pinnacle West Capital in a report on Thursday, February 26th. Finally, Barclays upped their price target on Pinnacle West Capital from $101.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th.

View Our Latest Analysis on Pinnacle West Capital

Pinnacle West Capital Price Performance

PNW opened at $103.01 on Thursday. The stock’s 50-day moving average price is $101.35 and its 200 day moving average price is $95.39. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $104.92. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 3.77 and a beta of 0.46.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last posted its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned ($0.04) EPS. Pinnacle West Capital’s revenue was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts expect that Pinnacle West Capital will post 4.7 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, May 4th. This represents a $3.64 annualized dividend and a yield of 3.5%. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Insiders Place Their Bets

In other news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares in the company, valued at approximately $656,766. This represents a 49.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PNW. Brighton Jones LLC purchased a new position in shares of Pinnacle West Capital in the 4th quarter valued at about $417,000. NewEdge Advisors LLC grew its stake in Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock worth $782,000 after buying an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,180 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after buying an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after buying an additional 523 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 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.