Key facts, as of
As of October 7, 2026, Pinnacle West Capital (PNW) trades at $98.04, up 7.9% over the past year. Its 52-week range runs from $86.18 to $111.16; the price is 11.8% below that high. It is 11.8% below its all-time high of $111.16, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +81.8%, against +312.9% for the S&P 500 (SPY). It sits 1.1% below its 200-day average of $99.14, the usual sign of a long-term downtrend. Its 30-day volatility is 17.3% annualized, which we rate medium risk. It has a trailing P/E of 18.8 and a dividend yield of 3.71%.
Cite: Portfolio Terminal, "Pinnacle West Capital (PNW) stock analysis", 2026-10-07. https://portfolio-terminal.com/analyse/pnw
Where it trades today
trading 47% of the way up its 52-week range
How the price has moved
How far it is from its record
Pinnacle West Capital (PNW) is 11.8% below its all-time high of $111.16, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +81.8%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Rate sensitivity and regulatory visibility matter because the market tends to reward predictable cash generation here.
- PNW trades at 18.8x earnings, well above the utilities average of 16.0x, so the market is already pricing in above-consensus execution.
- PNW carries a beta of 0.42, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- Relative performance versus NEE, DUK, SO matters here because leadership inside utilities rarely stays static for long.
Portfolio Use Case
- PNW is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in PNW.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as NEE, DUK, SO start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for PNW come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Utilities so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as NEE, DUK, SO.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for PNW. Last refresh: Oct 7, 2026, 9:55 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as NEE, DUK, SO.
What Pinnacle West Capital does
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.
Employees
6,610
Industry
Utilities - Regulated Electric
Headquarters
Phoenix, United States
What analysts expect
PNW carries a hold consensus from 14 analysts, with an average price target of $102.79 versus $98.04 today (+4.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
PNW generated $5.55B in trailing revenue (7.1% year over year), with a 11.5% net margin, and -$929.50M of free cash flow, against $16.50B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $5.34B | $2.22B | $1.07B | $616.53M | $5.15 | -$819.52M |
| 2024 | $5.12B | $2.14B | $1.01B | $608.81M | $5.35 | -$639.37M |
| 2023 | $4.70B | $1.84B | $824.64M | $501.56M | $4.42 | -$638.67M |
| 2022 | $4.32B | $1.71B | $731.91M | $483.60M | $4.27 | -$466.05M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
PNW is in 5 of the 30 ETFs we track. It weighs most in VYM: 0.05% of the fund, holding #260 of 603.
How it sits in utilities
Stable, regulated sector providing electricity, gas, and water services.
The companies it competes with
PNW beside the utilities names it is usually measured against.
What the chart is saying
Back above its 50-day average, still under the long-term trend.
recovering- Price is 0.5% above its 50-day average and 1.1% below its 200-day.
- The 50-day crossed below the 200-day on 2026-09-28 (a “death cross”).
- RSI at 61 is neither stretched nor washed out.
- The nearest ceiling is $99.08 (+1.1%), the nearest floor $96.84 (-1.2%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is PNW a good investment in 2026?
Pinnacle West Capital trades at a P/E ratio of 18.8, with medium volatility (17.3% annualized). The stock is in a consolidation phase.
What is the risk level of PNW?
Based on 30-day volatility of 17.3%, PNW has MEDIUM risk. Beta of 0.42 indicates lower sensitivity to market movements than average.
Does PNW pay dividends?
Yes, Pinnacle West Capital has a dividend yield of 3.71%.
How far is PNW from its all-time high?
Pinnacle West Capital is 11.8% below its all-time high of $111.16, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +81.8%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold PNW?
5 of the 30 popular ETFs we track hold Pinnacle West Capital. The largest weights: VYM (0.05%), VOO (0.02%), SPY (0.02%), IVV (0.02%) and VTI (0.02%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is PNW?
0.02%, as of August 31, 2026: PNW is holding #464 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.18 in Pinnacle West Capital.
What is the analyst price target for PNW?
The average analyst price target for Pinnacle West Capital (PNW) is $102.79 based on 14 analyst estimates, about 4.8% above the current price of $98.04. The published range runs from $87.00 to $118.00.
How much revenue does PNW generate?
Pinnacle West Capital reported $5.55B in trailing twelve-month revenue. Revenue growth is running at 7.1% year over year. Net margin sits at 11.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare PNW with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.