Mizuho has downgraded Pinnacle West Capital Corp (PNW) from Outperform to Neutral as of September 8, 2025. The current stock price stands at $90.23.
This downgrade suggests increased caution regarding the company's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that may impact performance. Pinnacle West operates in the utilities sector, primarily through its regulated electricity segment, which serves approximately 1.4 million customers through its subsidiary, APS. The company is also known for its significant stake in the Palo Verde nuclear power plant, a key energy source for the southwestern United States.
As of November 20, 2025, Pinnacle West holds a market capitalization of $10.6 billion, with a price-to-earnings ratio of 17.87 and an earnings per share of 4.87. The company has a dividend yield of 410.3%, reflecting its commitment to returning value to shareholders. Upcoming earnings are expected on August 4, 2026, with an estimated EPS of $1.60 and revenue of $1.5 billion.
Analyst ratings and price targets provide a professional perspective based on research and financial models. However, these assessments are based on assumptions and estimates that may not materialize. Investors should consider a comprehensive set of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can change as new information becomes available, and differing views may exist among analysts regarding the same company.