Pinnacle West Capital (NYSE:PNW) Posts Earnings Results, Beats Expectations By $0.25 EPS

Pinnacle West Capital (NYSE:PNW) posted its quarterly earnings results on Tuesday. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.25, Zacks reports. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. Pinnacle West Capital updated its FY 2025 guidance to 4.400-4.600 EPS.

Pinnacle West Capital Trading Up 1.0 %

PNW traded up $0.93 during mid-day trading on Tuesday, hitting $93.04. 88,446 shares of the stock were exchanged, compared to its average volume of 981,444. The firm’s fifty day moving average is $86.39 and its two-hundred day moving average is $88.07. Pinnacle West Capital has a 1-year low of $66.77 and a 1-year high of $95.42. The company has a market cap of $10.58 billion, a PE ratio of 17.53, a PEG ratio of 3.59 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be paid a $0.895 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.85%. Pinnacle West Capital’s payout ratio is presently 67.80%.

Analysts Set New Price Targets

A number of analysts have issued reports on PNW shares. Citigroup raised their target price on Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Barclays downgraded shares of Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $93.00 to $91.00 in a research note on Monday, November 18th. Morgan Stanley dropped their price target on shares of Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group cut their price target on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price objective on Pinnacle West Capital from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.21.

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.