Pinnacle West Capital Corporation (PNW) To Go Ex-Dividend on August 3rd

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.91 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 3rd.

Pinnacle West Capital has increased its dividend by an average of 0.0%per year over the last three years. Pinnacle West Capital has a payout ratio of 71.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pinnacle West Capital to earn $5.56 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 65.5%.

Pinnacle West Capital Price Performance

Shares of NYSE:PNW opened at $107.23 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $107.29. The business has a fifty day simple moving average of $101.86 and a 200 day simple moving average of $97.68. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.86 and a beta of 0.44.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, sell-side analysts predict that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PNW has been the subject of several recent research reports. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on shares of Pinnacle West Capital from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. BMO Capital Markets lifted their target price on shares of Pinnacle West Capital from $98.00 to $107.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $107.00 price target on shares of Pinnacle West Capital in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinnacle West Capital has a consensus rating of “Hold” and an average price target of $102.71.

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.