Pinnacle West Capital Corporation (NYSE:PNW) is included among the 11 Best Utility Stocks to Buy for Dividends in 2026.
Pinnacle West Capital Corporation is an energy holding company that conducts business through its subsidiaries, Arizona Public Service Company, El Dorado Investment Company, and Pinnacle West Power.
On February 27, Barclays increased its price target on Pinnacle West Capital Corporation from $90 to $97, but maintained its ‘Equal Weight’ rating on the shares.
The update comes after Pinnacle West Capital Corporation reported its Q4 2025 results on February 25, with the utility posting earnings of $0.13 per share and beating estimates by $0.08. However, the company’s revenue of $1.13 billion fell below forecasts by around $40 million. PNW delivered earnings of $5.05 per share for the full-year 2025, landing in the upper half of its updated guidance range. Meanwhile, customer growth reached 2.4% during the year, also at the high end of guidance.
Pinnacle West Capital Corporation is targeting an EPS in the range of $4.55 to $4.75 for full-year 2026, while its long-term sales growth guidance remains at 5% to 7% through 2030.
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