Analyst Bumps Pinnacle West Capital (PNW) Price Target by $4

Pinnacle West Capital Corporation (NYSE:PNW) is included among the 15 Utility Stocks with Highest Dividends.

Analyst Bumps Pinnacle West Capital (PNW) Price Target by $4

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company that conducts business through its subsidiaries, Arizona Public Service Company, El Dorado Investment Company, and Pinnacle West Power.

On March 31, Barclays increased its price target on Pinnacle West Capital Corporation (NYSE:PNW) from $97 to $101, while keeping an ‘Equal Weight’ rating on the shares.

Pinnacle West Capital Corporation (NYSE:PNW) posted earnings of $5.05 per share in full-year 2025, landing in the upper half of its updated guidance range. While this is below the EPS of $5.24 delivered in 2024, the decline was primarily weather-driven. The company also managed to achieve total customer growth of 2.4% last year, standing at the high end of its guidance range.

Pinnacle West Capital Corporation (NYSE:PNW) is now targeting earnings in the range of $4.55 to $4.75 per share for full-year 2026, while reaffirming its long-term sales growth guidance of 5% to 7% through 2030.

Pinnacle West Capital Corporation (NYSE:PNW) boasts a robust annual dividend yield of 3.56%, putting it among the 11 Best Utility Stocks to Buy for Dividends in 2026.

While we acknowledge the risk and potential of PNW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PNW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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