Q2 Earnings Forecast for PNW Issued By KeyCorp

Pinnacle West Capital Corporation (NYSE:PNW) – Stock analysts at KeyCorp issued their Q2 2026 earnings estimates for shares of Pinnacle West Capital in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will earn $1.45 per share for the quarter. The consensus estimate for Pinnacle West Capital’s current full-year earnings is $4.74 per share. KeyCorp also issued estimates for Pinnacle West Capital’s Q3 2026 earnings at $3.12 EPS, FY2026 earnings at $4.71 EPS, FY2028 earnings at $6.05 EPS and FY2029 earnings at $6.50 EPS.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.30. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Pinnacle West Capital had a net margin of 11.99% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Several other analysts have also recently commented on the stock. Wall Street Zen raised shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. TD Cowen increased their price target on Pinnacle West Capital from $100.00 to $101.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Argus raised their price objective on Pinnacle West Capital from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Weiss Ratings raised Pinnacle West Capital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $129.00 target price on shares of Pinnacle West Capital in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $104.07.

Pinnacle West Capital Stock Performance

Shares of PNW opened at $106.22 on Friday. Pinnacle West Capital has a 1 year low of $85.32 and a 1 year high of $111.16. The company’s 50 day simple moving average is $104.42 and its 200 day simple moving average is $100.47. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 3.83 and a beta of 0.43. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.39 and a current ratio of 0.60.

Pinnacle West Capital Dividend Announcement

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

Insider Buying and Selling

In other Pinnacle West Capital news, EVP Jacob Tetlow sold 6,567 shares of the 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 transaction, the executive vice president owned 6,634 shares of the company’s stock, valued at $656,766. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Pinnacle West Capital

Several institutional investors have recently made changes to their positions in the stock. JFS Wealth Advisors LLC raised its position in shares of Pinnacle West Capital by 109.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 241 shares of the utilities provider’s stock worth $26,000 after buying an additional 126 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Pinnacle West Capital during the second quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new stake in Pinnacle West Capital during the second quarter valued at about $32,000. Clearstead Advisors LLC increased its stake in Pinnacle West Capital by 88.5% during the fourth quarter. Clearstead Advisors LLC now owns 394 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 185 shares during the last quarter. Finally, Dorato Capital Management acquired a new stake in Pinnacle West Capital during the fourth quarter worth about $69,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.