Pinnacle West Capital (NYSE:PNW) Updates FY 2026 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.550-4.750 for the period, compared to the consensus EPS estimate of 4.700. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PNW. Weiss Ratings upgraded Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial decreased their target price on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. 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. TD Cowen boosted their price target on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.07.

Pinnacle West Capital Stock Up 0.5%

Shares of NYSE PNW traded up $0.48 during mid-day trading on Tuesday, hitting $101.29. The company had a trading volume of 297,194 shares, compared to its average volume of 1,255,181. The company has a market capitalization of $12.28 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 3.67 and a beta of 0.44. The business’s 50-day simple moving average is $104.53 and its 200 day simple moving average is $101.13. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $111.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39.

Pinnacle West Capital (NYSE:PNW) last released 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 return on equity of 9.27% and a net margin of 11.99%.The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, analysts predict that Pinnacle West Capital will post 4.74 earnings per share for the current year.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.6%. Pinnacle West Capital’s payout ratio is currently 67.78%.

Insider Buying and Selling at Pinnacle West Capital

In related news, EVP Jacob Tetlow sold 6,567 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $656,766. This represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Trending Headlines about Pinnacle West Capital

Here are the key news stories impacting Pinnacle West Capital this week:

• Positive Sentiment: Second-quarter revenue rose 7.1% year over year to $1.46 billion, exceeding the $1.40 billion consensus estimate. The revenue growth provides a positive signal for the utility’s operating performance. Pinnacle West quarterly results
• Neutral Sentiment: Pinnacle West reaffirmed fiscal 2026 EPS guidance of $4.55 to $4.75. The midpoint of $4.65 is slightly below the $4.70 analyst consensus, suggesting limited near-term upside to earnings expectations, although the range remains intact. Pinnacle West reports quarterly earnings
• Negative Sentiment: Second-quarter EPS was $1.43, below estimates ranging from $1.46 to $1.49 and down from $1.58 a year earlier. The earnings decline, despite revenue growth, points to pressure on profitability and was the main negative factor in the report. Pinnacle West Q2 earnings miss
• Negative Sentiment: The company entered into an agreement allowing it to sell up to $500 million of common stock. While the proceeds could support capital investment and balance-sheet needs, the program creates potential shareholder dilution and may weigh on the stock. Pinnacle West $500 million equity program

Institutional Investors Weigh In On Pinnacle West Capital

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