Pinnacle West Capital (NYSE:PNW) Announces Earnings Results

Pinnacle West Capital (NYSE:PNW) issued its quarterly earnings results on Tuesday. The utilities provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25, Zacks reports. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. Pinnacle West Capital updated its FY 2025 guidance to 4.400-4.600 EPS.

Pinnacle West Capital Stock Performance

Shares of Pinnacle West Capital stock traded down $0.29 on Thursday, reaching $91.35. 153,278 shares of the company traded hands, compared to its average volume of 1,002,890. The company has a 50 day moving average of $86.68 and a 200 day moving average of $88.14. The firm has a market capitalization of $10.39 billion, a PE ratio of 17.30, a PEG ratio of 3.59 and a beta of 0.57. Pinnacle West Capital has a 52 week low of $66.77 and a 52 week high of $95.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, February 3rd. Pinnacle West Capital’s dividend payout ratio is currently 67.80%.

Analyst Ratings Changes

A number of analysts have commented on PNW shares. Citigroup upped their price target on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley cut their price objective on shares of Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays cut shares of Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $93.00 to $91.00 in a research report on Monday, November 18th. Finally, Jefferies Financial Group cut their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $86.58.

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.