Pinnacle West Capital (NYSE:PNW) Issues FY 2025 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 4.900-5.100 for the period, compared to the consensus EPS estimate of 4.570. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2026 guidance to 4.550-4.750 EPS.

Pinnacle West Capital Price Performance

PNW stock opened at $88.55 on Monday. The firm has a 50 day moving average price of $89.56 and a 200-day moving average price of $90.69. Pinnacle West Capital has a 52-week low of $81.47 and a 52-week high of $96.50. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 9.23 and a beta of 0.46. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.37 and a current ratio of 0.52.

Pinnacle West Capital (NYSE:PNW) last released its earnings results on Monday, November 3rd. The utilities provider reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.60. Pinnacle West Capital had a net margin of 10.96% and a return on equity of 8.45%. During the same quarter last year, the business earned $3.37 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. Equities research analysts forecast that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 4.1%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Monday, November 3rd. Pinnacle West Capital’s payout ratio is 75.05%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PNW. Barclays raised their price target on shares of Pinnacle West Capital from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada raised shares of Pinnacle West Capital to a “hold” rating in a research report on Tuesday, October 28th. BMO Capital Markets reissued a “market perform” rating and set a $99.00 price target on shares of Pinnacle West Capital in a research report on Monday, October 20th. KeyCorp reduced their price target on shares of Pinnacle West Capital from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Finally, Mizuho downgraded shares of Pinnacle West Capital from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $102.00 to $90.00 in a research report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pinnacle West Capital has an average rating of “Hold” and an average target price of $96.69.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,496 shares of Pinnacle West Capital stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $92.37, for a total value of $600,035.52. Following the completion of the sale, the executive vice president owned 56 shares of the company’s stock, valued at approximately $5,172.72. The trade was a 99.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Pinnacle West Capital

Large investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in Pinnacle West Capital in the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 140 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Pinnacle West Capital by 36.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,142 shares of the utilities provider’s stock valued at $192,000 after acquiring an additional 575 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 1,180 shares during the period. Institutional investors own 91.51% of the company’s stock.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.