Pinnacle West Capital (NYSE:PNW) Issues FY 2026 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 4.550-4.750 for the period, compared to the consensus EPS estimate of 4.660. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2025 guidance to 4.900-5.100 EPS.

Pinnacle West Capital Trading Down 1.1%

NYSE PNW opened at $88.55 on Monday. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 9.23 and a beta of 0.46. The stock’s 50 day moving average price is $89.56 and its two-hundred day moving average price is $90.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.37 and a current ratio of 0.52. Pinnacle West Capital has a 52 week low of $81.47 and a 52 week high of $96.50.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, beating the consensus estimate of $2.79 by $0.60. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.Pinnacle West Capital’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, analysts anticipate that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 3rd. This is a positive change from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 75.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group raised their price target on Pinnacle West Capital from $95.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Barclays boosted their price target on Pinnacle West Capital from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada raised Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. Finally, Argus lowered their price target on Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $96.69.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,496 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $92.37, for a total value of $600,035.52. Following the sale, the executive vice president owned 56 shares in the company, valued at $5,172.72. This represents a 99.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of Pinnacle West Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Pinnacle West Capital in the fourth quarter valued at approximately $417,000. EverSource Wealth Advisors LLC raised its stake in Pinnacle West Capital by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after buying an additional 140 shares during the period. MUFG Securities EMEA plc bought a new stake in Pinnacle West Capital in the second quarter valued at approximately $32,000. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the second quarter valued at approximately $27,000. Finally, Intech Investment Management LLC bought a new stake in Pinnacle West Capital in the first quarter valued at approximately $1,165,000. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.