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

Pinnacle West Capital (NYSE:PNW) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.400-4.600 for the period, compared to the consensus earnings per share estimate of 4.750. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2024 guidance to 5.000-5.200 EPS.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Pinnacle West Capital in a research note on Thursday, September 19th. They issued a “buy” rating and a $104.00 target price for the company. StockNews.com upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Company increased their price target on Pinnacle West Capital from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Morgan Stanley increased their price target on Pinnacle West Capital from $78.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.79.

Pinnacle West Capital Trading Up 5.9 %

Pinnacle West Capital stock traded up $5.14 during midday trading on Wednesday, reaching $91.85. 754,396 shares of the stock traded hands, compared to its average volume of 1,127,533. The company has a 50-day simple moving average of $88.24 and a two-hundred day simple moving average of $82.51. Pinnacle West Capital has a 12-month low of $65.20 and a 12-month high of $92.25. The firm has a market cap of $10.44 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 1.28.

Pinnacle West Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 3.90%. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, November 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is 65.06%.

Insider Activity at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Robert Edgar Smith sold 4,950 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $85.80, for a total value of $424,710.00. Following the sale, the executive vice president now owns 6,397 shares of the company’s stock, valued at $548,862.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by company insiders.

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.