Key Points
- Pinnacle West SVP Jose Luis Esparza Jr. sold 1,800 shares at an average price of $102.01, generating $183,618 and reducing his ownership by 26.83% to 4,910 shares.
- Pinnacle West reported quarterly EPS of $1.43, narrowly missing estimates of $1.46, while revenue rose 7.1% year over year to $1.46 billion. The company maintained fiscal 2026 EPS guidance of $4.55–$4.75.
- The utility declared a quarterly dividend of $0.91 per share, equivalent to a $3.64 annualized payout and a 3.6% yield. Analysts’ consensus rating remains Hold, with an average price target of $104.07.
Pinnacle West Capital Corporation (NYSE:PNW - Get Free Report) CAO Elizabeth Blankenship sold 980 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the transaction, the chief accounting officer owned 10,886 shares in the company, valued at approximately $1,079,564.62. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Pinnacle West Capital Price Performance
Shares of NYSE:PNW opened at $100.03 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. The firm has a 50-day simple moving average of $104.56 and a 200 day simple moving average of $101.45. Pinnacle West Capital Corporation has a fifty-two week low of $85.32 and a fifty-two week high of $111.16. The company has a market cap of $12.12 billion, a PE ratio of 19.16, a P/E/G ratio of 3.63 and a beta of 0.44.
Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. On average, sell-side analysts anticipate that Pinnacle West Capital Corporation will post 4.7 EPS for the current year.
Pinnacle West Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a dividend of $0.91 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.6%. Pinnacle West Capital's dividend payout ratio is currently 69.73%.
Analyst Ratings Changes
PNW has been the subject of a number of analyst reports. Barclays boosted their target price 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. Weiss Ratings reissued a "buy (b)" rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Truist Financial lowered their target price 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. Argus lifted their target price on Pinnacle West Capital from $95.00 to $106.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets reduced their price target on Pinnacle West Capital from $106.00 to $104.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $104.07.
Check Out Our Latest Analysis on Pinnacle West Capital
Institutional Trading of Pinnacle West Capital
A number of hedge funds and other institutional investors have recently made changes to their positions in PNW. Allworth Financial LP acquired a new stake in shares of Pinnacle West Capital in the 2nd quarter worth approximately $153,000. Virtus Advisers LLC acquired a new position in shares of Pinnacle West Capital during the second quarter valued at approximately $504,000. Silvant Capital Management LLC acquired a new position in shares of Pinnacle West Capital during the second quarter valued at approximately $193,000. Ceredex Value Advisors LLC bought a new stake in Pinnacle West Capital during the second quarter worth approximately $11,874,000. Finally, Portfolio Design Labs LLC bought a new stake in Pinnacle West Capital during the second quarter worth approximately $1,054,000. 91.51% of the stock is currently owned by institutional investors.
Pinnacle West Capital Company Profile
(
Get Free Report)
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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