Pinnacle West Capital (NYSE:PNW) Stock Price Target Raised at Morgan Stanley

Posted by Brenda Bartman on Oct 21st, 2026

Pinnacle West Capital (NYSE:PNW – Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $89.00 to $91.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 12.28% from the company’s current price.

Several other analysts have also commented on PNW. Truist Financial reduced their price target on shares of Pinnacle West Capital from $101.00 to $99.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. TD Cowen reiterated a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. BMO Capital Markets cut their target price on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Finally, Scotiabank began coverage on Pinnacle West Capital in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $104.00 target price on the stock. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus price target of $102.15.

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Pinnacle West Capital Trading Up 0.8%

Shares of PNW traded up $0.84 during mid-day trading on Wednesday, reaching $103.74. The stock had a trading volume of 250,767 shares, compared to its average volume of 1,230,856. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. 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 $97.35 and its 200 day moving average is $101.16. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 3.63 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW – Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%. Pinnacle West Capital’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts predict that Pinnacle West Capital will post 4.80 EPS for the current fiscal year.

Insider Transactions at Pinnacle West Capital

In other news, SVP Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the transaction, the senior vice president owned 4,910 shares in the company, valued at approximately $500,869.10. This represents a 26.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Elizabeth Blankenship sold 980 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the sale, the chief accounting officer directly owned 10,886 shares in the company, valued at $1,079,564.62. This trade represents a 8.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Pinnacle West Capital

Several hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its holdings in shares of Pinnacle West Capital by 109.6% during 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 acquired a new position in Pinnacle West Capital in the second quarter valued at $33,000. Bell Investment Advisors Inc lifted its position in Pinnacle West Capital by 144.9% during the second quarter. Bell Investment Advisors Inc now owns 338 shares of the utilities provider’s stock worth $36,000 after buying an additional 200 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Pinnacle West Capital by 41,300.0% during 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 boosted its stake in Pinnacle West Capital by 56.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 579 shares of the utilities provider’s stock worth $62,000 after buying an additional 210 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Company Profile

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Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.