What is Scotiabank’s Estimate for PNW FY2026 Earnings?

Pinnacle West Capital Corporation (NYSE:PNW) – Analysts at Scotiabank issued their FY2026 EPS estimates for Pinnacle West Capital in a research report issued on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the utilities provider will post earnings of $4.72 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $104.00 target price on the stock. The consensus estimate for Pinnacle West Capital’s current full-year earnings is $4.72 per share. Scotiabank also issued estimates for Pinnacle West Capital’s FY2027 earnings at $5.63 EPS.

A number of other brokerages also recently commented on PNW. TD Cowen reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research report on Wednesday, August 12th. Morgan Stanley decreased their price target on Pinnacle West Capital from $94.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Wall Street Zen upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets dropped their price objective on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pinnacle West Capital in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.64.

Pinnacle West Capital Price Performance

Pinnacle West Capital stock opened at $95.96 on Monday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 18.38, a P/E/G ratio of 3.50 and a beta of 0.43. Pinnacle West Capital has a 12-month low of $86.18 and a 12-month high of $111.16. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The firm’s 50-day moving average is $97.55 and its two-hundred day moving average is $101.08.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pinnacle West Capital had a return on equity of 8.99% and a net margin of 11.52%.Pinnacle West Capital’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS.

Institutional Trading of Pinnacle West Capital

Several hedge funds have recently added to or reduced their stakes in PNW. Envestnet Asset Management Inc. lifted its position in Pinnacle West Capital by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 201,227 shares of the utilities provider’s stock worth $21,531,000 after purchasing an additional 818 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Pinnacle West Capital by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,651 shares of the utilities provider’s stock valued at $26,606,000 after purchasing an additional 5,199 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Pinnacle West Capital by 45.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,841 shares of the utilities provider’s stock valued at $1,588,000 after purchasing an additional 4,620 shares during the period. Tidal Investments LLC raised its stake in shares of Pinnacle West Capital by 233.3% in the 2nd quarter. Tidal Investments LLC now owns 35,637 shares of the utilities provider’s stock worth $3,813,000 after buying an additional 24,946 shares in the last quarter. Finally, MCF Advisors LLC raised its stake in shares of Pinnacle West Capital by 11.7% in the 2nd quarter. MCF Advisors LLC now owns 10,889 shares of the utilities provider’s stock worth $1,165,000 after buying an additional 1,142 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $102.01, for a total transaction of $183,618.00. Following the sale, the senior vice president directly owned 4,910 shares in the company, valued at approximately $500,869.10. This represents a 26.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Elizabeth A. Blankenship sold 980 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the sale, the chief accounting officer directly owned 10,886 shares in the company, valued at $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by insiders.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company headquartered in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers across Arizona.

APS operates a diverse portfolio of power resources, including natural gas, nuclear, solar and other renewable generation facilities. The company is also one of the owners and operators of the Palo Verde Generating Station, a nuclear power facility west of Phoenix that supplies electricity to customers in Arizona and other western states.

Pinnacle West was incorporated in 1985 and has focused primarily on providing reliable electricity and supporting Arizona’s growing energy needs.