Pinnacle West Capital Corporation (PNW) To Go Ex-Dividend on August 3rd

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.91 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Pinnacle West Capital has increased its dividend payment by an average of 0.0%annually over the last three years. Pinnacle West Capital has a payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pinnacle West Capital to earn $5.57 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 65.4%.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $100.95 on Friday. The business’s 50-day moving average price is $104.57 and its 200-day moving average price is $100.98. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $111.16. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.68 and a beta of 0.43. 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 released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted ($0.04) earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Equities research analysts forecast that Pinnacle West Capital will post 4.74 EPS for the current year.

Analysts Set New Price Targets

PNW has been the topic of a number of research reports. Argus boosted their target price on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Barclays raised their price target on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. TD Cowen lifted their price target on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.07.

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.