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

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PNW. StockNews.com raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of 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. Wells Fargo & Company lifted their price target on shares of 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 boosted their price objective on shares of Pinnacle West Capital from $78.00 to $83.00 and gave the company an “equal weight” rating in a research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.79.

Pinnacle West Capital Stock Up 5.9 %

Shares of PNW stock traded up $5.14 on Wednesday, hitting $91.85. The stock had a trading volume of 754,396 shares, compared to its average volume of 1,127,533. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.13 and a beta of 0.52. The stock’s 50 day moving average is $88.24 and its 200-day moving average is $82.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.48 and a current ratio of 0.66. Pinnacle West Capital has a 52-week low of $65.20 and a 52-week high of $92.25.

Pinnacle West Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend yield of 3.90%. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, November 4th. Pinnacle West Capital’s dividend payout ratio is 65.06%.

Insiders Place Their Bets

In related news, EVP Robert Edgar Smith sold 4,950 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by corporate 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.