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

Pinnacle West Capital (NYSE:PNW) issued an update on 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 -.

Pinnacle West Capital Price Performance

NYSE:PNW opened at $101.00 on Tuesday. The stock has a market capitalization of $12.24 billion, a PE ratio of 18.81, a P/E/G ratio of 3.67 and a beta of 0.44. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $111.16. The firm has a fifty day simple moving average of $104.53 and a 200 day simple moving average of $101.13. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, research analysts expect that Pinnacle West Capital will post 4.74 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PNW shares. 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. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a report on Wednesday, July 22nd. Truist Financial lowered their price target on 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. BMO Capital Markets dropped their price objective on Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus target price of $104.07.

Insider Buying and Selling at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of Pinnacle West Capital stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Pinnacle West Capital

Large investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. bought a new stake in shares of Pinnacle West Capital during the fourth quarter worth $68,008,000. Wellington Management Group LLP bought a new position in shares of Pinnacle West Capital in the 4th quarter valued at $57,379,000. Qube Research & Technologies Ltd boosted its holdings in shares of Pinnacle West Capital by 458.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 296,963 shares of the utilities provider’s stock valued at $26,626,000 after acquiring an additional 243,769 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Pinnacle West Capital by 129.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock valued at $34,413,000 after acquiring an additional 216,984 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Pinnacle West Capital by 99.9% during the 4th quarter. Renaissance Technologies LLC now owns 413,400 shares of the utilities provider’s stock worth $36,669,000 after acquiring an additional 206,600 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 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.