What is KeyCorp’s Estimate for PNW Q2 Earnings?

Pinnacle West Capital Corporation (NYSE:PNW) – Investment analysts at KeyCorp issued their Q2 2026 earnings estimates for Pinnacle West Capital in a research report issued to clients and investors on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will earn $1.45 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 Q3 2026 earnings at $3.12 EPS, FY2026 earnings at $4.71 EPS, FY2028 earnings at $6.05 EPS and FY2029 earnings at $6.50 EPS.

Pinnacle West Capital (NYSE:PNW) last issued its earnings results 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. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a return on equity of 9.27% and a net margin of 11.99%.Pinnacle West Capital’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Several other brokerages have also issued reports on PNW. Morgan Stanley set a $97.00 target price on Pinnacle West Capital in a research note on Wednesday. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. TD Cowen boosted their price objective on Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $129.00 price objective on shares of Pinnacle West Capital in a report on Wednesday, July 8th. Finally, Wells Fargo & Company set a $106.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.07.

Pinnacle West Capital Trading Up 0.8%

Shares of PNW stock opened at $106.22 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The firm has a market cap of $12.87 billion, a P/E ratio of 19.78, a PEG ratio of 3.86 and a beta of 0.43. The company has a 50 day moving average of $104.42 and a 200-day moving average of $100.47. Pinnacle West Capital has a 12-month low of $85.32 and a 12-month high of $111.16.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 3rd. Pinnacle West Capital’s payout ratio is presently 67.78%.

Insider Transactions at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $99.00, for a total value of $650,133.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Pinnacle West Capital

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Pinnacle West Capital in the 4th quarter valued at $140,468,000. ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Pinnacle West Capital by 44.3% during the 4th quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,461,243 shares of the utilities provider’s stock valued at $395,712,000 after purchasing an additional 1,369,350 shares in the last quarter. Soroban Capital Partners LP increased its holdings in shares of Pinnacle West Capital by 34.0% in the first quarter. Soroban Capital Partners LP now owns 3,854,815 shares of the utilities provider’s stock worth $388,373,000 after purchasing an additional 977,411 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Pinnacle West Capital in the fourth quarter worth $68,008,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Pinnacle West Capital in the fourth quarter worth $57,379,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.