Research Analysts Offer Predictions for PNW Q3 Earnings

Key Points

• KeyCorp forecasts Pinnacle West Capital's Q3 2025 earnings per share (EPS) at $3.00, maintaining an "Overweight" rating with a target price of $97.00.
• The company's Q2 earnings results matched analyst estimates, reporting an EPS of $1.58 and revenue of $1.36 billion.
• Multiple analysts have recently adjusted their ratings and price objectives, with Pinnacle West Capital receiving a consensus "Hold" rating and an average price target of $96.42.

Pinnacle West Capital Corporation (NYSE:PNW - Free Report) - Equities researchers at KeyCorp issued their Q3 2025 earnings per share (EPS) estimates for shares of Pinnacle West Capital in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $3.00 per share for the quarter. KeyCorp currently has a "Overweight" rating and a $97.00 target price on the stock. The consensus estimate for Pinnacle West Capital's current full-year earnings is $5.13 per share. KeyCorp also issued estimates for Pinnacle West Capital's Q4 2025 earnings at $0.02 EPS, FY2025 earnings at $4.55 EPS, FY2026 earnings at $4.61 EPS, FY2027 earnings at $5.49 EPS and FY2028 earnings at $6.05 EPS.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. Pinnacle West Capital had a return on equity of 8.45% and a net margin of 10.96%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year.

Other analysts also recently issued reports about the company. Morgan Stanley cut their price objective on Pinnacle West Capital from $89.00 to $87.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Mizuho downgraded Pinnacle West Capital from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $102.00 to $90.00 in a research report on Tuesday, September 9th. Weiss Ratings reissued a "buy (b)" rating on shares of Pinnacle West Capital in a research report on Wednesday, October 8th. BMO Capital Markets raised their price objective on Pinnacle West Capital from $96.00 to $98.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, UBS Group raised their price objective on Pinnacle West Capital from $95.00 to $101.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $96.42.

Pinnacle West Capital Stock Down 0.8%

NYSE PNW opened at $92.99 on Friday. Pinnacle West Capital has a 52 week low of $81.47 and a 52 week high of $96.50. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 1.25. The business's fifty day simple moving average is $89.68 and its 200-day simple moving average is $90.78. The firm has a market cap of $11.11 billion, a PE ratio of 19.17, a P/E/G ratio of 9.70 and a beta of 0.46.

Hedge Funds Weigh In On Pinnacle West Capital

Several institutional investors have recently bought and sold shares of the company. ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Pinnacle West Capital by 230.5% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,793,546 shares of the utilities provider's stock worth $266,085,000 after buying an additional 1,948,416 shares in the last quarter. Norges Bank acquired a new position in shares of Pinnacle West Capital during the second quarter worth about $114,384,000. Nuveen LLC acquired a new position in shares of Pinnacle West Capital during the first quarter worth about $99,364,000. Vanguard Group Inc. grew its position in shares of Pinnacle West Capital by 2.2% during the second quarter. Vanguard Group Inc. now owns 14,781,290 shares of the utilities provider's stock worth $1,322,482,000 after buying an additional 316,629 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Pinnacle West Capital by 129.4% during the second quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider's stock worth $34,413,000 after buying an additional 216,984 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,496 shares of Pinnacle West Capital stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $92.37, for a total value of $600,035.52. Following the completion of the transaction, the executive vice president directly owned 56 shares of the company's stock, valued at $5,172.72. The trade was a 99.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

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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