Pinnacle West Capital (PNW) to Post Earnings on Tuesday

Pinnacle West Capital (NYSE:PNW) is anticipated to issue its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect Pinnacle West Capital to post earnings of $1.48 per share and revenue of $1.3965 billion for the quarter. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Individuals may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 12:00 PM ET.

Pinnacle West Capital (NYSE:PNW) last posted its earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.30. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts expect Pinnacle West Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Pinnacle West Capital Price Performance

Shares of PNW traded up $1.84 during mid-day trading on Tuesday, reaching $107.22. The company had a trading volume of 168,472 shares, compared to its average volume of 1,242,549. The company’s 50-day moving average is $104.53 and its 200-day moving average is $100.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.39. The company has a market capitalization of $12.99 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.86 and a beta of 0.43. Pinnacle West Capital has a twelve month low of $85.32 and a twelve month high of $111.16.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.64 annualized dividend and a dividend yield of 3.4%. Pinnacle West Capital’s dividend payout ratio is presently 67.78%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company set a $106.00 price objective on shares of Pinnacle West Capital in a research note on Tuesday, April 21st. TD Cowen lifted their target price on shares of Pinnacle West Capital from $100.00 to $101.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Wall Street Zen raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Argus increased their price target on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus price target of $104.07.

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 that occurred on Wednesday, May 13th. The shares were sold at an average price of $99.00, for a total transaction of $650,133.00. Following the completion of the sale, the executive vice president directly owned 6,634 shares in the company, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Pinnacle West Capital

A number of hedge funds have recently added to or reduced their stakes in PNW. Balyasny Asset Management L.P. acquired a new stake in shares of Pinnacle West Capital in the fourth quarter valued at about $68,008,000. Wellington Management Group LLP acquired a new position in Pinnacle West Capital in the fourth quarter valued at $57,379,000. Qube Research & Technologies Ltd grew its holdings in Pinnacle West Capital by 458.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 296,963 shares of the utilities provider’s stock worth $26,626,000 after acquiring an additional 243,769 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Pinnacle West Capital by 129.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 384,629 shares of the utilities provider’s stock worth $34,413,000 after acquiring an additional 216,984 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Pinnacle West Capital by 99.9% during the fourth quarter. Renaissance Technologies LLC now owns 413,400 shares of the utilities provider’s stock worth $36,669,000 after purchasing an additional 206,600 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Pinnacle West Capital Company Profile

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.