Pinnacle West Capital Corporation (PNW)
Utilities · NYQ · US
Price as at 1 Oct 2026, 13:28 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Pinnacle West Capital Corporation trades at $93.04, which is 38% above the $58.05 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 44 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PNW dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.73 | 3 |
| 2025 | $3.60 | 4 |
| 2024 | $3.54 | 4 |
| 2023 | $3.47 | 4 |
| 2022 | $3.42 | 4 |
| 2021 | $3.34 | 4 |
| 2020 | $3.18 | 4 |
| 2019 | $3.00 | 4 |
| 2018 | $2.82 | 4 |
| 2017 | $2.66 | 4 |
| 2016 | $2.53 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
PNW earnings and analyst estimates
Recommendation mix, 17 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Pinnacle West Capital Corporation
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
PNW passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Capital Research Global, Capital Research Global Investors$1.76B · 0.3% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$269.36M · 0.2% of book
- Joel Greenblatt, Gotham Asset Management, LLC$50.78M · 0.1% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$46.55M · 0.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$46.31M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in PNW
Trades in PNW disclosed by members of Congress and executive-branch officials, latest first:
- Donna Shalala · HouseSell · $1,001 - $15,000 · traded 24 Jun 2019 · disclosed 27 Apr 2020
- Donna Shalala · HouseBuy · $1,001 - $15,000 · traded 3 Apr 2019 · disclosed 27 Apr 2020
- Donna Shalala · HouseBuy · $1,001 - $15,000 · traded 19 Mar 2019 · disclosed 27 Apr 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
PNW peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- NGG National Grid plc
- ES Eversource Energy
- HRNNF Hydro One Limited
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- OGE OGE Energy Corp.
- ELPC Companhia Paranaense de Energia
Every utilities company we cover is on the Utilities hub.
Common questions
Is Pinnacle West Capital Corporation (PNW) undervalued?
Against our fair value estimate of $58.05, PNW at $93.04 is 38% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own PNW?
13 of the institutions we track reported a position in PNW in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is PNW's P/E ratio?
PNW trades at 17.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Pinnacle West Capital Corporation (PNW) pay a dividend?
Yes. Pinnacle West Capital Corporation yields 3.90% at the current share price. It has paid $3.64 per share over the trailing twelve months. It has paid a dividend in each of the last 33 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does PNW report earnings next?
Pinnacle West Capital Corporation is scheduled to report on 3 Nov 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its PNW data?
Fundamentals for PNW come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 13:28 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for PNW, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.