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

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.550-4.750 for the period, compared to the consensus EPS estimate of 4.800. The company issued revenue guidance of -.

Pinnacle West Capital Stock Performance

NYSE PNW opened at $100.14 on Wednesday. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $100.65. The company has a 50 day moving average of $92.49 and a 200-day moving average of $90.54. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 5.96 and a beta of 0.54.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned ($0.06) EPS. Pinnacle West Capital’s revenue was up 3.0% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, equities analysts forecast that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, February 2nd. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PNW shares. Barclays reduced their price target on shares of Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. KeyCorp cut shares of Pinnacle West Capital from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. Zacks Research upgraded shares of Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group increased their price target on shares of Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pinnacle West Capital in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $97.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Pinnacle West Capital by 120.7% in the fourth quarter. Pacer Advisors Inc. now owns 22,201 shares of the utilities provider’s stock valued at $1,969,000 after purchasing an additional 12,142 shares during the last quarter. Compound Planning Inc. boosted its holdings in Pinnacle West Capital by 8.9% during the fourth quarter. Compound Planning Inc. now owns 3,905 shares of the utilities provider’s stock worth $346,000 after buying an additional 319 shares during the last quarter. Invesco Ltd. grew its position in shares of Pinnacle West Capital by 1.8% during the 4th quarter. Invesco Ltd. now owns 4,249,267 shares of the utilities provider’s stock worth $376,910,000 after buying an additional 74,023 shares during the period. Corient Private Wealth LLC increased its stake in shares of Pinnacle West Capital by 299.0% in the 4th quarter. Corient Private Wealth LLC now owns 66,284 shares of the utilities provider’s stock valued at $5,879,000 after acquiring an additional 49,670 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Pinnacle West Capital by 8.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,693 shares of the utilities provider’s stock valued at $2,634,000 after acquiring an additional 2,407 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.