Pinnacle West Capital (NYSE:PNW) Releases FY25 Earnings Guidance

Pinnacle West Capital (NYSE:PNW - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.40-4.60 for the period, compared to the consensus EPS estimate of $4.74. Pinnacle West Capital also updated its FY 2024 guidance to 5.000-5.200 EPS.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PNW shares. Morgan Stanley lifted their price target on shares of Pinnacle West Capital from $78.00 to $83.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. StockNews.com raised Pinnacle West Capital from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Wells Fargo & Company boosted their price target on Pinnacle West Capital from $87.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on shares of Pinnacle West Capital in a report on Thursday, September 19th. They set a "buy" rating and a $104.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $80.79.

Pinnacle West Capital Stock Performance

Shares of Pinnacle West Capital stock traded up $3.39 during trading on Wednesday, hitting $90.10. 3,197,533 shares of the company's stock were exchanged, compared to its average volume of 1,138,897. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.13 and a beta of 0.52. The business has a 50-day simple moving average of $88.24 and a 200-day simple moving average of $82.51. Pinnacle West Capital has a 52-week low of $65.20 and a 52-week high of $92.59. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.895 dividend. This is an increase from Pinnacle West Capital's previous quarterly dividend of $0.88. The ex-dividend date is Monday, November 4th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.97%. Pinnacle West Capital's dividend payout ratio is presently 65.06%.

Insider Activity at Pinnacle West Capital

In other Pinnacle West Capital news, EVP Robert Edgar Smith sold 4,950 shares of Pinnacle West Capital stock in a transaction on Friday, August 9th. The shares were sold at an average price of $85.80, for a total value of $424,710.00. Following the completion of the transaction, the executive vice president now owns 6,397 shares of the company's stock, valued at approximately $548,862.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is 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.