Pinnacle West Capital (NYSE:PNW) Sets New 1-Year High – Time to Buy?

Posted by Francis Steltz on Jul 8th, 2026

Shares of Pinnacle West Capital Corporation (NYSE:PNW – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $109.52 and last traded at $109.06, with a volume of 1138745 shares traded. The stock had previously closed at $109.37.

Wall Street Analysts Forecast Growth

PNW has been the subject of several research analyst reports. Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Morgan Stanley set a $95.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, June 24th. Argus upped their price target on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Truist Financial lowered their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.14.

Check Out Our Latest Stock Analysis on Pinnacle West Capital

Pinnacle West Capital Trading Up 1.6%

The firm has a market capitalization of $13.17 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.91 and a beta of 0.43. The stock’s 50-day moving average price is $102.70 and its 200 day moving average price is $98.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.30. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.Pinnacle West Capital’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts expect that Pinnacle West Capital Corporation will post 4.71 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.3%. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 67.78%.

Insider Buying and Selling at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Pinnacle West Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in Pinnacle West Capital during the fourth quarter worth $417,000. NewEdge Advisors LLC lifted its position in Pinnacle West Capital by 999.1% during the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after acquiring an additional 7,463 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Pinnacle West Capital by 109.8% in the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Pinnacle West Capital by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after purchasing an additional 41,173 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Pinnacle West Capital by 12.8% in the first quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 523 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

About Pinnacle West Capital

(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.