Pinnacle West Capital (NYSE: PNW) recently received a number of ratings updates from brokerages and research firms:
- 5/21/2026 – Pinnacle West Capital was given a new $92.00 price target by Morgan Stanley.
- 5/15/2026 – Pinnacle West Capital had its price target raised by TD Cowen from $100.00 to $101.00. They now have a “hold” rating on the stock.
- 5/9/2026 – Pinnacle West Capital was upgraded by Wall Street Zen from “sell” to “hold”.
- 5/6/2026 – Pinnacle West Capital was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 5/5/2026 – Pinnacle West Capital had its price target raised by Barclays PLC from $101.00 to $102.00. They now have an “equal weight” rating on the stock.
- 4/21/2026 – Pinnacle West Capital had its price target lowered by Morgan Stanley from $99.00 to $98.00. They now have an “equal weight” rating on the stock.
- 4/21/2026 – Pinnacle West Capital was given a new $106.00 price target by Wells Fargo & Company.
- 4/20/2026 – Pinnacle West Capital is now covered by Truist Financial Corporation. They set a “hold” rating and a $108.00 price target on the stock.
- 4/14/2026 – Pinnacle West Capital had its price target raised by Argus from $95.00 to $106.00. They now have a “buy” rating on the stock.
- 3/31/2026 – Pinnacle West Capital had its price target raised by Barclays PLC from $97.00 to $101.00. They now have an “equal weight” rating on the stock.
Pinnacle West Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 4th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.78%.
Insider Activity
In other news, EVP Jacob Tetlow sold 6,567 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
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.
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