Pinnacle West Capital (NYSE:PNW) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Pinnacle West Capital (NYSE:PNW) released its quarterly earnings results on Monday. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.30, FiscalAI reports. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%. Pinnacle West Capital updated its FY 2026 guidance to 4.550-4.750 EPS.

Pinnacle West Capital Stock Performance

PNW stock opened at $103.67 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.30. The firm has a market cap of $12.55 billion, a P/E ratio of 20.49, a P/E/G ratio of 3.79 and a beta of 0.46. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $104.92. The stock’s 50 day simple moving average is $101.45 and its 200 day simple moving average is $94.55.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 4th. Pinnacle West Capital’s dividend payout ratio is currently 71.94%.

Institutional Investors Weigh In On Pinnacle West Capital

Several institutional investors and hedge funds have recently made changes to their positions in PNW. Brighton Jones LLC acquired a new stake in shares of Pinnacle West Capital during the 4th quarter valued at approximately $417,000. NewEdge Advisors LLC raised its position in shares of Pinnacle West Capital by 999.1% during the 1st quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider’s stock valued at $782,000 after acquiring an additional 7,463 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 1,180 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pinnacle West Capital by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock valued at $42,010,000 after acquiring an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Pinnacle West Capital by 12.8% during the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after acquiring an additional 523 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PNW. Truist Financial began coverage on Pinnacle West Capital in a research report on Monday, April 20th. They issued a “hold” rating and a $108.00 target price on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $103.00 target price on shares of Pinnacle West Capital in a research report on Friday, January 23rd. Barclays upped their price target on shares of Pinnacle West Capital from $97.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Argus raised their price objective on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $103.00.

About Pinnacle West Capital

Pinnacle West Capital Corporation is a publicly traded utility holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Arizona Public Service Company (APS), Pinnacle West generates, transmits and distributes electricity to more than one million residential, commercial and industrial customers across central and southern Arizona. The company’s regulated operations focus on delivering safe, reliable power while meeting evolving environmental standards.

The company’s diversified generation portfolio includes natural gas–fired plants, the nuclear-powered Palo Verde Generating Station—the largest nuclear facility in the United States by net output—plus growing investments in solar and battery storage projects.