Pinnacle West Capital Corporation (PNW) To Go Ex-Dividend on November 2nd

Pinnacle West Capital Corporation (NYSE:PNW) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.9250 per share by the utilities provider on Tuesday, December 1st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 2nd. This is a 1.6% increase from Pinnacle West Capital’s previous quarterly dividend of $0.91.

Pinnacle West Capital has a dividend payout ratio of 71.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pinnacle West Capital to earn $5.59 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 65.1%.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $106.59 on Friday. The stock’s 50 day moving average is $97.54 and its 200 day moving average is $101.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The firm has a market cap of $12.92 billion, a P/E ratio of 19.90, a P/E/G ratio of 3.72 and a beta of 0.43. Pinnacle West Capital has a one year low of $86.18 and a one year high of $111.16.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. As a group, research analysts expect that Pinnacle West Capital will post 4.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Pinnacle West Capital from $129.00 to $109.00 and set a “buy” rating for the company in a research report on Monday, October 5th. HSBC assumed coverage on shares of Pinnacle West Capital in a report on Thursday. They issued a “buy” rating and a $119.50 target price on the stock. Citigroup reaffirmed a “neutral” rating on shares of Pinnacle West Capital in a research report on Thursday, October 8th. Truist Financial cut their price target on shares of Pinnacle West Capital from $101.00 to $99.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $103.39.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.