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

Pinnacle West Capital (NYSE:PNW) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.550-4.750 for the period, compared to the consensus estimate of 4.700. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PNW shares. Jefferies Financial Group reissued a “buy” rating and issued a $129.00 price target on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Morgan Stanley set a $97.00 target price on Pinnacle West Capital in a research report on Wednesday, July 22nd. Truist Financial cut their price target on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, April 21st. Finally, TD Cowen increased their target price on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.07.

Pinnacle West Capital Trading Up 0.3%

NYSE PNW opened at $101.80 on Thursday. Pinnacle West Capital has a 52 week low of $85.32 and a 52 week high of $111.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60. The stock’s 50 day moving average price is $104.47 and its two-hundred day moving average price is $101.26. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 3.71 and a beta of 0.44.

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). Pinnacle West Capital had a return on equity of 8.97% and a net margin of 11.52%.The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $1.58 earnings per share. Pinnacle West Capital’s revenue was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, analysts anticipate that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Pinnacle West Capital’s dividend payout ratio is 67.78%.

Insider Buying and Selling

In related news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Pinnacle West Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Pinnacle West Capital in the fourth quarter worth $417,000. NewEdge Advisors LLC boosted its position in 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 grew its holdings 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 worth $215,000 after acquiring an additional 1,180 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Pinnacle West Capital by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 441,047 shares of the utilities provider’s stock worth $42,010,000 after acquiring an additional 41,173 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Pinnacle West Capital by 12.8% in the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 523 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.