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

Key Points

• Pinnacle West Capital updated its FY 2025 earnings guidance, projecting earnings per share between $4.400-4.600, slightly lower than the consensus estimate of $4.545.
• The company's stock increased by 1.4%, reaching $93.86, with a market cap of $11.21 billion.
• Pinnacle West Capital announced a quarterly dividend of $0.895 per share, translating to an annualized yield of 3.8% and a payout ratio of 71.17%.

Pinnacle West Capital (NYSE:PNW - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 4.400-4.600 for the period, compared to the consensus earnings per share estimate of 4.545. The company issued revenue guidance of -.

Pinnacle West Capital Stock Up 1.4%

Shares of Pinnacle West Capital stock traded up $1.30 during trading on Thursday, hitting $93.86. 748,472 shares of the stock traded hands, compared to its average volume of 1,175,195. The stock's fifty day simple moving average is $90.38 and its 200 day simple moving average is $91.00. The company has a current ratio of 0.50, a quick ratio of 0.34 and a debt-to-equity ratio of 1.18. Pinnacle West Capital has a 52-week low of $81.47 and a 52-week high of $96.50. The firm has a market cap of $11.21 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 9.62 and a beta of 0.38.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.58. Pinnacle West Capital had a return on equity of 8.78% and a net margin of 11.28%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. Pinnacle West Capital's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts predict that Pinnacle West Capital will post 5.13 earnings per share for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 1st will be paid a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 1st. Pinnacle West Capital's payout ratio is currently 71.17%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PNW. UBS Group reiterated a "neutral" rating and issued a $98.00 price target (up from $96.00) on shares of Pinnacle West Capital in a report on Friday, July 11th. Morgan Stanley decreased their price objective on shares of Pinnacle West Capital from $88.00 to $87.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of Pinnacle West Capital from $95.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their target price on shares of Pinnacle West Capital from $96.00 to $98.00 and gave the stock a "market perform" rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Pinnacle West Capital from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pinnacle West Capital currently has a consensus rating of "Hold" and an average price target of $97.11.

Institutional Investors Weigh In On Pinnacle West Capital

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Pinnacle West Capital by 109.8% in the first 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 last quarter. Brighton Jones LLC purchased a new position in Pinnacle West Capital in the fourth quarter valued at about $417,000. Empowered Funds LLC grew its stake in Pinnacle West Capital by 12.8% in the 1st quarter. Empowered Funds LLC now owns 4,600 shares of the utilities provider's stock valued at $438,000 after buying an additional 523 shares in the last quarter. NewEdge Advisors LLC grew its position in Pinnacle West Capital by 999.1% during the first quarter. NewEdge Advisors LLC now owns 8,210 shares of the utilities provider's stock worth $782,000 after buying an additional 7,463 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in Pinnacle West Capital by 40.7% in the first quarter. Woodline Partners LP now owns 9,606 shares of the utilities provider's stock worth $915,000 after purchasing an additional 2,778 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.

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