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

Pinnacle West Capital (NYSE:PNW) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 4.900-5.100 for the period, compared to the consensus earnings per share estimate of 4.570. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2026 guidance to 4.550-4.750 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $99.00 target price on shares of Pinnacle West Capital in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pinnacle West Capital in a report on Wednesday, October 8th. Barclays upped their target price on shares of Pinnacle West Capital from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Zacks Research downgraded shares of Pinnacle West Capital from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Finally, TD Cowen assumed coverage on shares of Pinnacle West Capital in a report on Thursday, October 16th. They issued a “hold” rating and a $97.00 target price for the company. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.69.

Pinnacle West Capital Stock Down 1.1%

Shares of PNW stock opened at $88.55 on Monday. The stock has a market cap of $10.58 billion, a P/E ratio of 18.26, a PEG ratio of 9.23 and a beta of 0.46. 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 company’s fifty day simple moving average is $89.56 and its two-hundred day simple moving average is $90.69.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $3.39 EPS for the quarter, topping the consensus estimate of $2.79 by $0.60. Pinnacle West Capital had a net margin of 10.96% and a return on equity of 8.45%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.37 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. FY 2025 guidance at 4.900-5.100 EPS. Analysts predict that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 3rd. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.90. Pinnacle West Capital’s dividend payout ratio is presently 75.05%.

Insider Buying and Selling

In other news, EVP Jacob Tetlow sold 6,496 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $92.37, for a total transaction of $600,035.52. Following the sale, the executive vice president directly owned 56 shares in the company, valued at approximately $5,172.72. This represents a 99.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

Institutional Trading of Pinnacle West Capital

Hedge funds have recently made changes to their positions in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new stake in shares of Pinnacle West Capital during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its position 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 valued at $119,000 after buying an additional 140 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Pinnacle West Capital by 36.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,142 shares of the utilities provider’s stock valued at $192,000 after buying an additional 575 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Pinnacle West Capital by 109.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,255 shares of the utilities provider’s stock valued at $215,000 after buying an additional 1,180 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Pinnacle West Capital

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.