Q4 Earnings Estimate for PNW Issued By KeyCorp

Pinnacle West Capital Corporation (NYSE:PNW) – Research analysts at KeyCorp issued their Q4 2026 earnings estimates for shares of Pinnacle West Capital in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp anticipates that the utilities provider will earn ($0.13) per share 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Other analysts also recently issued reports about the company. Morgan Stanley set a $97.00 price target on Pinnacle West Capital in a research note on Wednesday. Truist Financial lowered their price objective on Pinnacle West Capital from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company set a $106.00 target price on Pinnacle West Capital in a report on Tuesday, April 21st. Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Barclays upped their price target on shares of Pinnacle West Capital from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $104.07.

Pinnacle West Capital Price Performance

Shares of NYSE PNW opened at $106.22 on Monday. The firm has a market cap of $12.87 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 3.86 and a beta of 0.43. The business’s 50 day moving average is $104.42 and its 200-day moving average is $100.56. The company has a current ratio of 0.60, a quick ratio of 0.39 and a debt-to-equity ratio of 1.38. Pinnacle West Capital has a 1-year low of $85.32 and a 1-year high of $111.16.

Institutional Trading of Pinnacle West Capital

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Pinnacle West Capital by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,755 shares of the utilities provider’s stock worth $1,386,000 after purchasing an additional 100 shares during the period. Excelsior Advisor Network LLC raised its stake in Pinnacle West Capital by 4.3% in the first quarter. Excelsior Advisor Network LLC now owns 2,625 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 108 shares in the last quarter. Empowered Funds LLC lifted its position in Pinnacle West Capital by 3.8% during the fourth quarter. Empowered Funds LLC now owns 3,166 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 116 shares during the period. Everhart Financial Group Inc. lifted its position in Pinnacle West Capital by 5.1% during the second quarter. Everhart Financial Group Inc. now owns 2,481 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 120 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in Pinnacle West Capital by 109.6% during the second quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after buying an additional 126 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total transaction of $650,133.00. Following the transaction, the executive vice president owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Pinnacle West Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend 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 currently 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.