Pinnacle West Capital (NYSE:PNW) Releases 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 4.700. The company issued revenue guidance of -.

Analyst Ratings Changes

PNW has been the subject of a number of recent analyst reports. Argus upped their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Barclays increased their price objective on Pinnacle West Capital from $97.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Morgan Stanley decreased their target price on shares of Pinnacle West Capital from $99.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $107.00 price objective on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.00.

Pinnacle West Capital Stock Performance

NYSE:PNW opened at $103.67 on Monday. The stock has a market cap of $12.55 billion, a P/E ratio of 20.49, a PEG ratio of 3.79 and a beta of 0.46. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $104.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The firm has a 50-day moving average of $101.45 and a two-hundred day moving average of $94.55.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.30. The firm had revenue of $1.15 billion during 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’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts expect that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PNW. Pacer Advisors Inc. raised its stake in Pinnacle West Capital by 120.7% during the 4th quarter. Pacer Advisors Inc. now owns 22,201 shares of the utilities provider’s stock valued at $1,969,000 after acquiring an additional 12,142 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Pinnacle West Capital by 8.9% in the fourth quarter. Compound Planning Inc. now owns 3,905 shares of the utilities provider’s stock valued at $346,000 after buying an additional 319 shares during the period. Invesco Ltd. lifted its holdings in Pinnacle West Capital by 1.8% in the 4th quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock valued at $376,910,000 after acquiring an additional 74,023 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Pinnacle West Capital by 299.0% during the fourth quarter. Corient Private Wealth LLC now owns 66,284 shares of the utilities provider’s stock valued at $5,879,000 after purchasing an additional 49,670 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Pinnacle West Capital by 8.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,693 shares of the utilities provider’s stock worth $2,634,000 after acquiring an additional 2,407 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Pinnacle West Capital Company Profile

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.