Pinnacle West Capital (NYSE:PNW) Posts Earnings Results, Beats Estimates By $0.12 EPS

Pinnacle West Capital (NYSE:PNW) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12, FiscalAI reports. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Pinnacle West Capital had a return on equity of 8.57% and a net margin of 11.20%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. Pinnacle West Capital updated its FY 2026 guidance to 4.550-4.750 EPS.

Pinnacle West Capital Trading Down 2.4%

NYSE PNW traded down $2.45 during trading hours on Wednesday, hitting $97.60. 108,314 shares of the company’s stock were exchanged, compared to its average volume of 1,259,676. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 5.96 and a beta of 0.54. The stock has a 50-day simple moving average of $92.49 and a 200 day simple 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. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $100.65.

Pinnacle West Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be given a dividend of $0.91 per share. The ex-dividend date is Monday, February 2nd. This represents a $3.64 annualized dividend and a dividend yield of 3.7%. Pinnacle West Capital’s dividend payout ratio is presently 74.74%.

Hedge Funds Weigh In On Pinnacle West Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC increased its stake in shares of Pinnacle West Capital by 3.8% in the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 116 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Pinnacle West Capital by 11.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 140 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in Pinnacle West Capital by 5.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,299 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 223 shares during the period. Advisory Services Network LLC increased its stake in Pinnacle West Capital by 5.8% in the third quarter. Advisory Services Network LLC now owns 4,174 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 228 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Pinnacle West Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 39,979 shares of the utilities provider’s stock valued at $3,585,000 after purchasing an additional 234 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PNW. Wells Fargo & Company lowered their target price on shares of Pinnacle West Capital from $92.00 to $91.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of Pinnacle West Capital in a research report on Tuesday, November 4th. Barclays dropped their price objective on Pinnacle West Capital from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. UBS Group upped their target price on Pinnacle West Capital from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Finally, Zacks Research upgraded Pinnacle West Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.33.

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.