Pinnacle West Capital Corporation (NYSE:PNW) is included among the Best Stocks for a Dividend Achievers List.
On December 17, UBS nudged its price target on Pinnacle West Capital Corporation (NYSE:PNW) up to $95 from $94. The firm kept a Neutral rating on the stock.
During the company’s third-quarter 2025 earnings call, management laid out plans for a new generation site near Gila Bend. The project could add as much as 2,000 megawatts of natural gas capacity. Executives also talked through steady progress on long-term transmission upgrades and baseload investments. The Desert Southwest expansion project remains on track, according to the update.
Pinnacle West Capital Corporation (NYSE:PNW) posted earnings of $3.39 per share for Q3 2025. Results were lifted by higher transmission revenue and solid sales growth across customer groups. Some of that strength was offset by lower weather-related sales compared with last year, along with higher interest expense, lower pension and OPEB benefits, and a larger share count.
During the quarter, sales trends looked healthy once the weather was normalized. Total growth came in at 5.4% for the quarter. Commercial and industrial sales rose 6.6%, and residential sales increased 4.3%. Year to date, residential sales are up 2%. The company also raised its full-year outlook. Pinnacle West Capital Corporation (NYSE:PNW) now expects 2025 earnings of $4.90 to $5.10 per share, up from the prior $4.40 to $4.60 range. Management pointed to strong sales, warmer-than-normal weather, higher transmission revenue, and added contributions from El Dorado.
Pinnacle West Capital Corporation (NYSE:PNW) is a utility holding company focused on electricity. Most of its operations run through Arizona Public Service, which provides regulated retail and wholesale power across Arizona.
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