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

Key Points

• Pinnacle West updated its FY 2026 EPS guidance to $4.55–$4.75, versus the sell‑side consensus of $4.70.
• The company announced a quarterly dividend of $0.91 (annualized $3.64) with an ex‑dividend date of May 4 and a yield of about 3.5%, payable June 1.
• Pinnacle West beat Q1 expectations with EPS of $0.27 vs a loss of $0.03 estimated and revenue of $1.15B vs $1.08B, while the stock trades near $103.67 and carries a consensus analyst rating of Hold (average target $103.00).

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

Analyst Ratings Changes

Several analysts have weighed in on PNW shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $103.00 price objective on shares of Pinnacle West Capital in a report on Friday, January 23rd. Wells Fargo & Company set a $106.00 price target on Pinnacle West Capital in a research report on Tuesday, April 21st. Citigroup raised their target price on Pinnacle West Capital from $100.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Weiss Ratings restated a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Thursday, January 22nd. Finally, BMO Capital Markets lifted their price objective on Pinnacle West Capital from $98.00 to $107.00 and gave the stock a "market perform" rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.00.

Pinnacle West Capital Trading Up 0.1%

PNW opened at $103.67 on Monday. Pinnacle West Capital has a 12 month low of $85.32 and a 12 month high of $104.92. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 3.79 and a beta of 0.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.36. The business has a fifty day moving average price of $101.45 and a 200 day moving average price of $94.55.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.08 billion. Pinnacle West Capital had a return on equity of 8.82% and a net margin of 11.55%.Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Sell-side analysts expect that Pinnacle West Capital will post 4.7 earnings per share for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. Pinnacle West Capital's dividend payout ratio is 71.94%.

Institutional Trading of Pinnacle West Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of Pinnacle West Capital by 3.8% during the 4th quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider's stock worth $281,000 after buying an additional 116 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Pinnacle West Capital by 11.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the utilities provider's stock worth $119,000 after buying an additional 140 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Pinnacle West Capital by 5.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,299 shares of the utilities provider's stock worth $381,000 after buying an additional 223 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Pinnacle West Capital by 5.8% during the 3rd quarter. Advisory Services Network LLC now owns 4,174 shares of the utilities provider's stock worth $374,000 after buying an additional 228 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Pinnacle West Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,979 shares of the utilities provider's stock worth $3,585,000 after buying an additional 234 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Pinnacle West Capital Company Profile

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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