Q4 Earnings Forecast for PNW Issued By KeyCorp

Pinnacle West Capital Corporation (NYSE:PNW) – Research analysts at KeyCorp issued their Q4 2026 earnings per share estimates for shares of Pinnacle West Capital in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of ($0.13) for the quarter. The consensus estimate for Pinnacle West Capital’s current full-year earnings is $4.74 per share. KeyCorp also issued estimates for Pinnacle West Capital’s FY2030 earnings at $7.01 EPS.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.30. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Pinnacle West Capital’s revenue was up 11.4% compared to the same quarter last year. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Several other equities research analysts have also commented on PNW. Weiss Ratings raised shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Truist Financial dropped their price objective on shares of Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Barclays boosted their target price on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 target price on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Morgan Stanley set a $97.00 price target on shares of Pinnacle West Capital in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.07.

Pinnacle West Capital Trading Down 0.5%

Shares of NYSE:PNW opened at $105.57 on Monday. The stock’s 50-day simple moving average is $104.53 and its two-hundred day simple moving average is $100.68. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 3.86 and a beta of 0.43. Pinnacle West Capital has a 52-week low of $85.32 and a 52-week high of $111.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PNW. JFS Wealth Advisors LLC raised its stake in Pinnacle West Capital by 109.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 126 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Pinnacle West Capital in the second quarter worth approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of Pinnacle West Capital in the second quarter worth $32,000. Clearstead Advisors LLC increased its stake in shares of Pinnacle West Capital by 88.5% in the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 185 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Pinnacle West Capital during the 4th quarter valued at $69,000. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Pinnacle West Capital

In other news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares of the company’s stock, valued at $656,766. This trade 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 available through this hyperlink. 0.19% of the stock is owned by company insiders.

Pinnacle West Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a $0.91 dividend. The ex-dividend date is Monday, August 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 3.4%. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

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.