---
title: "Research Alert: CFRA Keeps Hold Opinion On Shares Of Pinnacle West Capital Corporation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285592913.md"
description: "CFRA maintains a Hold opinion on Pinnacle West Capital Corporation shares, lowering the 12-month target to $103. They raised the 2026 EPS estimate to $4.73 but lowered the 2027 EPS to $5.58. Despite higher interest costs and share dilution, strong transmission investment returns and retail electricity sales growth are expected. The company anticipates a 3.4% annual dividend growth from 2025 to 2028, with a payout ratio of 78.5% in 2026, which is above peers but expected to moderate over time."
datetime: "2026-05-07T17:10:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285592913.md)
  - [en](https://longbridge.com/en/news/285592913.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285592913.md)
---

# Research Alert: CFRA Keeps Hold Opinion On Shares Of Pinnacle West Capital Corporation

01:10 PM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $2 to $103, 18.5x our 2027 EPS view, slightly above peers as we see highly supportive economic trends in PNW's service territory. We lift our 2026 EPS view by $0.04 to $4.73 and lower 2027 EPS by $0.25 to $5.58. For the full year, higher interest costs and share dilution are expected to be offset by continued strength in transmission investment returns, retail electricity sales growth, and disciplined expense management. Along with strong population and job growth, we think growing demand from data centers and semiconductor manufacturing present strong long-term growth opportunities for the company. From 2025 to 2028, we anticipate dividend growth will be 3.4% on a compounded annual basis, well below our expectations for peers. We expect a dividend payout ratio near 78.5% in 2026, well above peer levels. However, we anticipate that the payout ratio will moderate somewhat as EPS growth outpaces dividend growth over time.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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