Pinnacle West Capital (NYSE:PNW) Issues FY 2025 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 4.900-5.100 for the period, compared to the consensus EPS estimate of 4.570. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2026 guidance to 4.550-4.750 EPS.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $89.46 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.37 and a current ratio of 0.52. The company has a market cap of $10.68 billion, a PE ratio of 18.44, a P/E/G ratio of 9.23 and a beta of 0.46. The business has a 50-day simple moving average of $89.55 and a two-hundred day simple moving average of $90.66. Pinnacle West Capital has a fifty-two week low of $81.47 and a fifty-two week high of $96.50.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.35. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $3.37 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, equities analysts expect that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a dividend of $0.91 per share. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 3rd. Pinnacle West Capital’s dividend payout ratio (DPR) is 75.05%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PNW. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Pinnacle West Capital in a research report on Tuesday. Argus cut their price objective on Pinnacle West Capital from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada upgraded Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. UBS Group boosted their price objective on Pinnacle West Capital from $95.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $99.00 price objective on shares of Pinnacle West Capital in a research report on Monday, October 20th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.54.

Insider Activity

In other news, EVP Jacob Tetlow sold 6,496 shares of Pinnacle West Capital stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $92.37, for a total value of $600,035.52. Following the sale, the executive vice president directly owned 56 shares of the company’s stock, valued at $5,172.72. The trade was a 99.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of Pinnacle West Capital

Institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Pinnacle West Capital in the second quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new position in Pinnacle West Capital during the second quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in Pinnacle West Capital by 11.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after buying an additional 140 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Pinnacle West Capital by 36.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,142 shares of the utilities provider’s stock worth $192,000 after buying an additional 575 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Pinnacle West Capital by 109.8% during the first quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,180 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

About Pinnacle West Capital

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.