Brokers Set Expectations for PNW FY2026 Earnings

Pinnacle West Capital Corporation (NYSE:PNW) – Stock analysts at Scotiabank issued their FY2026 earnings estimates for shares of Pinnacle West Capital in a note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the utilities provider will post earnings per share of $4.72 for the year. Scotiabank has a “Sector Outperform” rating and a $104.00 price target on the stock. The consensus estimate for Pinnacle West Capital’s current full-year earnings is $4.72 per share. Scotiabank also issued estimates for Pinnacle West Capital’s FY2027 earnings at $5.63 EPS.

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

Other research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a research report on Monday, August 3rd. Barclays lowered their target price on shares of Pinnacle West Capital from $108.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 1st. Morgan Stanley cut their target price on shares of Pinnacle West Capital from $94.00 to $89.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Truist Financial reduced their price target on shares of Pinnacle West Capital from $101.00 to $99.00 and set a “hold” rating for the company in a research report on Monday. Finally, TD Cowen reiterated a “hold” rating on shares of Pinnacle West Capital in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.64.

Pinnacle West Capital Stock Up 2.2%

Shares of NYSE PNW opened at $98.07 on Monday. The stock has a market cap of $11.89 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 3.50 and a beta of 0.43. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. Pinnacle West Capital has a 52-week low of $86.18 and a 52-week high of $111.16. The business has a 50-day moving average price of $97.40 and a 200 day moving average price of $101.06.

Institutional Investors Weigh In On Pinnacle West Capital

A number of hedge funds have recently added to or reduced their stakes in PNW. Fox Run Management L.L.C. acquired a new position in shares of Pinnacle West Capital in the fourth quarter worth $1,789,000. Wellington Management Group LLP increased its stake in Pinnacle West Capital by 101.3% during the second quarter. Wellington Management Group LLP now owns 1,456,941 shares of the utilities provider’s stock worth $155,893,000 after acquiring an additional 733,069 shares during the last quarter. Dockside LLC purchased a new stake in Pinnacle West Capital during the fourth quarter worth approximately $1,190,000. Y Intercept Hong Kong Ltd raised its position in Pinnacle West Capital by 109.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 19,891 shares of the utilities provider’s stock valued at $2,004,000 after purchasing an additional 10,386 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Pinnacle West Capital by 233.3% in the 2nd quarter. Tidal Investments LLC now owns 35,637 shares of the utilities provider’s stock worth $3,813,000 after acquiring an additional 24,946 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Pinnacle West Capital

In related news, CAO Elizabeth Blankenship sold 980 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the sale, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at $1,079,564.62. This trade represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Luis Esparza, Jr. sold 1,800 shares of Pinnacle West Capital stock in a transaction on Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the completion of the transaction, the senior vice president owned 4,910 shares in the company, valued at approximately $500,869.10. This trade represents a 26.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is owned by corporate insiders.

About Pinnacle West Capital

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

APS operates a diverse portfolio of power resources, including natural gas, nuclear, solar and other renewable generation facilities. The company is also one of the owners and operators of the Palo Verde Generating Station, a nuclear power facility west of Phoenix that supplies electricity to customers in Arizona and other western states.

Pinnacle West was incorporated in 1985 and has focused primarily on providing reliable electricity and supporting Arizona’s growing energy needs.