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

Pinnacle West Capital (NYSE:PNW) updated its FY25 earnings guidance on Wednesday morning. 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.

Analyst Ratings Changes

PNW has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Pinnacle West Capital from $78.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company boosted their price objective on Pinnacle West Capital from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com raised Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on shares of Pinnacle West Capital in a report on Thursday, September 19th. They issued a “buy” rating and a $104.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Pinnacle West Capital currently has an average rating of “Hold” and a consensus price target of $80.96.

Pinnacle West Capital Stock Performance

Shares of PNW stock opened at $91.81 on Friday. The firm’s 50 day moving average is $88.43 and its 200 day moving average is $82.73. The stock has a market capitalization of $10.43 billion, a P/E ratio of 17.39, a PEG ratio of 2.13 and a beta of 0.52. Pinnacle West Capital has a 12 month low of $65.20 and a 12 month high of $92.59. 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.895 dividend. This is a positive change from Pinnacle West Capital’s previous quarterly dividend of $0.88. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Monday, November 4th. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 67.80%.

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.