Pinnacle West Capital Corporation (PNW) to Distribute Quarterly Dividend of $0.93 on December 1st

Pinnacle West Capital Corporation (NYSE:PNW) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be given a dividend of $0.9250 per share by the utilities provider on Tuesday, December 1st. This represents a $3.70 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. This is a 1.6% increase from Pinnacle West Capital’s previous quarterly dividend of $0.91.

Pinnacle West Capital has a payout ratio of 72.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pinnacle West Capital to earn $5.59 per share next year, which means the company should continue to be able to cover its $3.70 annual dividend with an expected future payout ratio of 66.2%.

Pinnacle West Capital Stock Performance

Pinnacle West Capital stock opened at $106.34 on Friday. Pinnacle West Capital has a fifty-two week low of $86.18 and a fifty-two week high of $111.16. The stock’s 50 day simple moving average is $98.28 and its two-hundred day simple moving average is $100.31. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.41 and a current ratio of 0.59. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 3.81 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%. Pinnacle West Capital’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts expect that Pinnacle West Capital will post 4.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PNW shares. Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Morgan Stanley raised their price objective on Pinnacle West Capital from $89.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a research note on Monday, August 3rd. Scotiabank assumed coverage on Pinnacle West Capital in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $104.00 target price on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Pinnacle West Capital in a research note on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Pinnacle West Capital has an average rating of “Hold” and a consensus price target of $103.39.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.