Pinnacle West Capital (NYSE:PNW) Releases Earnings Results, Misses Estimates By $0.03 EPS

Pinnacle West Capital (NYSE:PNW) issued its earnings results on Tuesday. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03), FiscalAI reports. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company earned $1.58 EPS. Pinnacle West Capital’s quarterly revenue was up 7.1% on a year-over-year basis. Pinnacle West Capital updated its FY 2026 guidance to 4.550-4.750 EPS.

Pinnacle West Capital Stock Performance

Shares of NYSE:PNW traded up $0.29 during trading on Tuesday, hitting $101.10. 254,588 shares of the stock traded hands, compared to its average volume of 1,254,875. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average price of $104.53 and a two-hundred day moving average price of $101.13. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $111.16. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 3.67 and a beta of 0.44.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd 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 of this dividend is Monday, August 3rd. Pinnacle West Capital’s payout ratio is 67.78%.

Insider Transactions at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total transaction of $650,133.00. Following the sale, the executive vice president directly owned 6,634 shares of the company’s stock, valued at approximately $656,766. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PNW. CYBER HORNET ETFs LLC acquired a new position in shares of Pinnacle West Capital in the second quarter worth about $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at about $32,000. Brown Brothers Harriman & Co. increased its stake in shares of Pinnacle West Capital by 102.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 966 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 488 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Pinnacle West Capital in the 4th quarter valued at about $88,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Pinnacle West Capital by 11.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

PNW has been the subject of several research reports. Argus lifted their price objective on shares of Pinnacle West Capital from $95.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. BMO Capital Markets cut their price objective on shares of 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. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. 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. Finally, Barclays increased their price target on Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.07.

Pinnacle West Capital Company Profile

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.