Pinnacle West Declares $0.91 Quarterly Dividend per Share
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 22 hour ago0mins
- Dividend Declaration: Pinnacle West Capital Corporation's board declared a quarterly dividend of $0.91 per share, payable on March 2, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Asset Scale: The company boasts nearly $30 billion in consolidated assets and approximately 6,500 megawatts of generating capacity, underscoring its strong position in the energy market.
- Employee Count: With around 6,400 employees, Pinnacle West plays a significant role in the local economies of Arizona and New Mexico, supporting its operational capabilities.
- Customer Base: Through its principal subsidiary, Arizona Public Service, Pinnacle West provides retail electricity service to about 1.4 million homes and businesses, demonstrating its extensive influence in the regional power market.
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Analyst Views on PNW
Wall Street analysts forecast PNW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PNW is 97.09 USD with a low forecast of 90.00 USD and a high forecast of 113.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
3 Buy
8 Hold
0 Sell
Moderate Buy
Current: 86.550
Low
90.00
Averages
97.09
High
113.00
Current: 86.550
Low
90.00
Averages
97.09
High
113.00
RBC Capital
Stephen D'Ambrisi
resume
$99
2025-10-27
Reason
RBC Capital
Stephen D'Ambrisi
Price Target
$99
2025-10-27
resume
Reason
RBC Capital analyst Stephen D'Ambrisi resumed coverage of Pinnacle West with a Sector Perform rating and $99 price target. The firm appreciates the uplift from load growth but believes that the price benefits of regulatory improvement in Arizona are still unknown and likely not fully realized in earnings until 2028. Load growth continues to drive earnings and future CapEx needs, the firm adds.
Wells Fargo
Shahriar Pourreza
Equal Weight
initiated
$92
2025-10-27
Reason
Wells Fargo
Shahriar Pourreza
Price Target
$92
2025-10-27
initiated
Equal Weight
Reason
Wells Fargo analyst Shahriar Pourreza initiated coverage of Pinnacle West with an Equal Weight rating and $92 price target. The firm launched coverage of the powers and utilities group with 19 Overweights and 14 Equal Weights. Wells prefers names where with growth prospects "actually driving earnings higher" or stocks that are trading at valuation levels "not necessarily reflecting fundamentals." Wells added Constellation (CEG) to its "Best Idea List" for power and Sempra (SRE) to its "Best Idea List" for utilities. Utilities are "materially undervalued" as a "perfect storm of tailwinds" is hitting the group that is much more structural in nature than cyclical, contends the firm.
Morgan Stanley
David Arcaro
Equal Weight
maintain
$87 -> $93
2025-10-22
Reason
Morgan Stanley
David Arcaro
Price Target
$87 -> $93
2025-10-22
maintain
Equal Weight
Reason
Morgan Stanley analyst David Arcaro raised the firm's price target on Pinnacle West to $93 from $87 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In September, utilities outperformed the S&P, the firm notes. Heading into Q3, the firm expects a key focus for utilities to be on the evolution of data center pipelines and is watching for commentary around interconnection times.
BMO Capital
Market Perform
maintain
$95 -> $99
2025-10-20
Reason
BMO Capital
Price Target
$95 -> $99
2025-10-20
maintain
Market Perform
Reason
BMO Capital raised the firm's price target on Pinnacle West to $99 from $95 and keeps a Market Perform rating on the shares. The company should report in-line EPS and is well-positioned on the year amid the favorable weather vs. normal continuing through the quarter, but focus should continue to be on the initiation of 2026 guidance and the company's refreshed capital plan, the analyst tells investors in a research note. The firm believes minimal growth into 2026 has been well syndicated.
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About PNW
Pinnacle West Capital Corporation is an energy holding company that conducts business through its subsidiaries, Arizona Public Service Company (APS), El Dorado Investment Company (El Dorado) and Pinnacle West Power, LLC. The Company's business segment is its regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission, and distribution. APS provides electric service to approximately 1.4 million customers. APS is also the operator and co-owner of Palo Verde, a primary source of electricity for the southwest United States and the nuclear power plant in the United States. El Dorado owns debt investments and minority interests in several energy-related investments and Arizona community-based ventures. Palo Verde is a three-unit nuclear power plant located approximately 50 miles west of Phoenix, Arizona.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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