Pinnacle West Capital (PNW) Price Target Raised to $97

Core Viewpoint - Pinnacle West Capital Corporation (NYSE:PNW) is recognized as one of the best utility stocks for dividends in 2026, indicating strong investor interest and potential for income generation [1]. Financial Performance - For Q4 2025, Pinnacle West reported earnings of $0.13 per share, exceeding estimates by $0.08, while revenue was $1.13 billion, falling short of forecasts by approximately $40 million [3]. - The company achieved full-year earnings of $5.05 per share for 2025, which is within the upper half of its updated guidance range [3]. - Customer growth for the year was recorded at 2.4%, also at the high end of guidance [3]. Future Guidance - Pinnacle West is targeting an EPS range of $4.55 to $4.75 for the full year 2026 [4]. - The long-term sales growth guidance remains at 5% to 7% through 2030, indicating a stable growth outlook [4]. Analyst Ratings - Barclays has raised its price target for Pinnacle West from $90 to $97 while maintaining an 'Equal Weight' rating on the shares [2][7].