Pinnacle West Capital (NYSE:PNW – Get Free Report) is projected to announce its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect the company to post earnings of $1.46 per share and revenue of $1.3965 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 12:00 PM ET.
Pinnacle West Capital (NYSE:PNW – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.30. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) EPS. On average, analysts expect Pinnacle West Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Pinnacle West Capital Stock Performance
Shares of PNW opened at $100.95 on Monday. The company has a market cap of $12.23 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.67 and a beta of 0.44. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. The stock has a 50-day moving average price of $104.57 and a 200-day moving average price of $101.06. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $111.16.
Pinnacle West Capital Announces Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. TD Cowen increased 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. Jefferies Financial Group restated a “buy” rating and set a $129.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, July 8th. Barclays lifted their price objective on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital presently has an average rating of “Hold” and a consensus price target of $104.07.
Read Our Latest Stock Analysis on Pinnacle West Capital
Insiders Place Their Bets
In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of the sale, the executive vice president owned 6,634 shares of the company’s stock, valued at $656,766. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in PNW. CYBER HORNET ETFs LLC bought a new stake in shares of Pinnacle West Capital in the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new position in shares of Pinnacle West Capital during the 2nd quarter valued at $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of Pinnacle West Capital by 102.1% during 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 during the last quarter. Kestra Advisory Services LLC purchased a new position in Pinnacle West Capital in the 4th quarter worth $88,000. Finally, EverSource Wealth Advisors LLC raised its position in 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 worth $119,000 after purchasing an additional 140 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.
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.
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