Keybanc has downgraded Pinnacle West Capital Corp (PNW) to Sector Weight from Overweight, effective December 11, 2025. The current share price stands at $87.11.
This downgrade indicates increased caution regarding Pinnacle West's outlook, potentially reflecting concerns about competitive pressures and market conditions that may impact the company's performance.
Pinnacle West Capital Corp, headquartered in Phoenix, Arizona, operates in the utilities industry, primarily through its regulated electricity segment. The company serves approximately 1.4 million customers through its subsidiary, Arizona Public Service (APS), and is a co-owner of the Palo Verde nuclear power plant, a significant electricity source for the Southwest U.S.
As of December 1, 2025, the company has a market capitalization of $10.5 billion, a P/E ratio of 17.65, and an EPS of 4.87. The upcoming earnings report is anticipated on August 4, 2026, with an estimated EPS of $1.60 and revenue of $1.5 billion.
Analyst ratings offer insights based on research and financial models, but investment decisions should consider various factors, including company fundamentals and market trends. The consensus among analysts remains a Buy, with a recent distribution of ratings showing 5 Strong Buy, 3 Buy, and 14 Hold recommendations.
Analyst actions in the past 90 days include the recent downgrade by Keybanc, as well as new coverage from Wells Fargo and RBC Capital, which both emphasize a cautious approach towards the stock.
This update provides insight into the shifting analyst sentiment surrounding Pinnacle West Capital Corp (PNW) and highlights the importance of monitoring ongoing developments in the utilities sector.