Equities Analysts Offer Predictions for PNW Q4 Earnings

Pinnacle West Capital Corporation (NYSE:PNW) – Equities research analysts at KeyCorp issued their Q4 2026 earnings per share (EPS) estimates for shares of Pinnacle West Capital in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will earn ($0.13) per share for the quarter. The consensus estimate for Pinnacle West Capital’s current full-year earnings is $4.74 per share. KeyCorp also issued estimates for Pinnacle West Capital’s FY2030 earnings at $7.01 EPS.

Other equities research analysts have also issued research reports about the stock. Argus boosted their price target on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Truist Financial lowered their price target on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings raised shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $129.00 price objective on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $104.07.

Pinnacle West Capital Stock Up 0.2%

Shares of Pinnacle West Capital stock opened at $105.55 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $111.16. The firm’s 50-day moving average is $104.61 and its two-hundred day moving average is $100.80. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 3.83 and a beta of 0.43.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.30. 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 9.27% and a net margin of 11.99%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Pinnacle West Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 3.4%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.78%.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares in the company, valued at $656,766. The trade was a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Trading of Pinnacle West Capital

A number of institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Pinnacle West Capital by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after buying an additional 100 shares during the period. Excelsior Advisor Network LLC boosted its holdings in shares of Pinnacle West Capital by 4.3% in the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 108 shares during the period. Empowered Funds LLC boosted its holdings in shares of Pinnacle West Capital by 3.8% in the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 116 shares during the period. Everhart Financial Group Inc. grew its position in shares of Pinnacle West Capital by 5.1% during the second quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 120 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of Pinnacle West Capital by 109.6% during the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 126 shares during the last quarter. 91.51% of the stock is currently owned by 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.