NYSE:PNW Pinnacle West Capital (PNW) Stock Forecast, Price & News $78.73 -0.77 (-0.97%) (As of 03:28 PM ET) Add Compare Share Share Today's Range$78.71▼$79.6350-Day Range$74.09▼$85.4152-Week Range$59.03▼$86.03Volume245,684 shsAverage Volume835,814 shsMarket Capitalization$8.92 billionP/E Ratio21.99Dividend Yield4.39%Price Target$77.90 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Pinnacle West Capital MarketRank™ ForecastAnalyst RatingHold2.22 Rating ScoreUpside/Downside1.8% Downside$78.10 Price TargetShort InterestHealthy1.54% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.10Upright™ Environmental ScoreNews Sentiment0.71Based on 16 Articles This WeekInsider TradingSelling Shares$558 Sold Last QuarterProj. Earnings Growth15.88%From $4.22 to $4.89 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.50 out of 5 starsUtilities Sector42nd out of 86 stocksElectric Services Industry21st out of 39 stocks 1.1 Analyst's Opinion Consensus RatingPinnacle West Capital has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.10, Pinnacle West Capital has a forecasted downside of 1.8% from its current price of $79.55.Amount of Analyst CoveragePinnacle West Capital has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.54% of the outstanding shares of Pinnacle West Capital have been sold short.Short Interest Ratio / Days to CoverPinnacle West Capital has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Pinnacle West Capital has recently increased by 38.89%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipPinnacle West Capital is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPinnacle West Capital has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of Pinnacle West Capital is 96.65%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Pinnacle West Capital will have a dividend payout ratio of 70.76% next year. This indicates that Pinnacle West Capital will be able to sustain or increase its dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePinnacle West Capital has received a 0.81% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retailing electricity produced with nuclear fuels", "Electricity produced with nuclear fuels", "Retailing electricity produced with coal", "Electricity produced with coal", and "Electricity produced with photovoltaic solar power" products. See details.Environmental SustainabilityThe Environmental Impact score for Pinnacle West Capital is -5.10. Previous Next 3.7 News and Social Media Coverage News SentimentPinnacle West Capital has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Pinnacle West Capital this week, compared to 5 articles on an average week.Search Interest2 people have searched for PNW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows3 people have added Pinnacle West Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pinnacle West Capital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $558.00 in company stock.Percentage Held by InsidersOnly 0.31% of the stock of Pinnacle West Capital is held by insiders.Percentage Held by Institutions84.95% of the stock of Pinnacle West Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Pinnacle West Capital are expected to grow by 15.88% in the coming year, from $4.22 to $4.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pinnacle West Capital is 22.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Pinnacle West Capital is 22.22, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 92.73.Price to Earnings Growth RatioPinnacle West Capital has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPinnacle West Capital has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Pinnacle West Capital (NYSE:PNW) StockPinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, 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, as well as owns and maintains transmission and distribution substations. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.Read More PNW Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNW Stock News HeadlinesSeptember 19, 2023 | markets.businessinsider.comPinnacle West Capital (PNW) Receives a Buy from Mizuho SecuritiesSeptember 19, 2023 | americanbankingnews.comPinnacle West Capital Co. (NYSE:PNW) Given Average Rating of "Hold" by AnalystsSeptember 21, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 17, 2023 | americanbankingnews.comPinnacle West Capital (NYSE:PNW) Receives Buy Rating from MizuhoSeptember 16, 2023 | msn.comMizuho Reiterates Pinnacle West Capital (PNW) Buy RecommendationSeptember 15, 2023 | finance.yahoo.comPinnacle West Capital (NYSE:PNW) Is Reinvesting At Lower Rates Of ReturnSeptember 15, 2023 | americanbankingnews.comZacks Research Comments on Pinnacle West Capital Co.'s Q3 2024 Earnings (NYSE:PNW)September 14, 2023 | americanbankingnews.comZacks Research Research Analysts Lift Earnings Estimates for Pinnacle West Capital Co. (NYSE:PNW)September 21, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 11, 2023 | seekingalpha.comPinnacle West: Stellar Outperformance Amongst UtilitiesSeptember 7, 2023 | markets.businessinsider.comRBC Capital Remains a Hold on Pinnacle West Capital (PNW)September 6, 2023 | finance.yahoo.comUnveiling Pinnacle West Capital (PNW)'s Value: Is It Really Priced Right? A Comprehensive GuideAugust 23, 2023 | msn.comBarclays Initiates Coverage of Pinnacle West Capital (PNW) with Overweight RecommendationAugust 22, 2023 | msn.comMizuho Upgrades Pinnacle West Capital (PNW)August 21, 2023 | finance.yahoo.comIs Pinnacle West Capital (PNW) Modestly Undervalued?August 18, 2023 | finance.yahoo.comWhy Utilities Are the S&P 500's Biggest Gainer TodayAugust 17, 2023 | finance.yahoo.comPinnacle West (PNW) Rides on Investments, Clean Power GenerationAugust 12, 2023 | msn.comEvercore ISI Group Upgrades Pinnacle West Capital (PNW)August 8, 2023 | finance.yahoo.comPinnacle West Capital Corporation: Maintaining BUY following 2Q earningsAugust 8, 2023 | gurufocus.comIs Pinnacle West Capital Corp (PNW) Modestly Undervalued?August 7, 2023 | markets.businessinsider.comBank of America Securities Remains a Hold on Pinnacle West Capital (PNW)August 4, 2023 | markets.businessinsider.comPinnacle West Capital Corp. Announces Drop In Q2 Income, misses estimatesAugust 4, 2023 | benzinga.com10 Analysts Have This to Say About Pinnacle West CapitalAugust 4, 2023 | finance.yahoo.comPinnacle West Capital Corporation (NYSE:PNW) Q2 2023 Earnings Call TranscriptAugust 4, 2023 | finance.yahoo.comQ2 2023 Pinnacle West Capital Corp Earnings CallAugust 3, 2023 | finance.yahoo.comPinnacle West (PNW) Misses on Q2 Earnings, Raises '23 EPS ViewAugust 3, 2023 | seekingalpha.comPinnacle West Capital Corporation 2023 Q2 - Results - Earnings Call PresentationSee More Headlines Receive PNW Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pinnacle West Capital and its competitors with MarketBeat's FREE daily newsletter. Email Address PNW Company Calendar Ex-Dividend for 9/1 Dividend7/31/2023Last Earnings8/03/2023Dividend Payable9/01/2023Today9/21/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:PNW CUSIP72348410 CIK764622 Webwww.pinnaclewest.com Phone(602) 250-1000Fax602-379-2625Employees5,861Year Founded1894Price Target and Rating Average Stock Price Forecast$77.90 High Stock Price Forecast$91.00 Low Stock Price Forecast$61.00 Forecasted Upside/Downside-2.0%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.58 Trailing P/E Ratio22.21 Forward P/E Ratio18.84 P/E Growth2.9Net Income$483.60 million Net Margins8.92% Pretax Margin10.65% Return on Equity6.55% Return on Assets1.74% Debt Debt-to-Equity Ratio1.34 Current Ratio0.96 Quick Ratio0.70 Sales & Book Value Annual Sales$4.32 billion Price / Sales2.08 Cash Flow$13.54 per share Price / Cash Flow5.87 Book Value$54.44 per share Price / Book1.46Miscellaneous Outstanding Shares113,310,000Free Float112,961,000Market Cap$9.01 billion OptionableOptionable Beta0.48 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Jeffrey B. Guldner (Age 57)Chairman, Pres & CEO Comp: $2.85MMr. Andrew D. Cooper (Age 44)Sr. VP & CFO Comp: $1.01MMr. Robert E. Smith (Age 53)Exec. VP, Gen. Counsel & Chief Devel. Officer Comp: $1.35MMr. Adam C. Heflin (Age 58)EVP & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company Comp: $1.43MMr. Theodore N. Geisler (Age 44)Pres of Arizona Public Service Company Comp: $1.49MMr. Jacob Tetlow (Age 50)Exec. VP of Operations for Arizona Public Service Company Comp: $512.31kMs. Elizabeth A. Blankenship (Age 51)VP, Controller & Chief Accounting Officer Amanda HoDirector of Investor RelationsMr. Paul J. Mountain (Age 45)VP of Fin. & Treasurer Diane WoodAssistant VP & Corp. Sec.More ExecutivesKey CompetitorsOGE EnergyNYSE:OGEIDACORPNYSE:IDAPortland General ElectricNYSE:PORPNM ResourcesNYSE:PNMOtter TailNASDAQ:OTTRView All CompetitorsInsiders & InstitutionsST Germain D J Co. Inc.Bought 1,234 shares on 9/7/2023Ownership: 0.001%Alberta Investment Management CorpBought 24,301 shares on 8/24/2023Ownership: 0.116%Theodore N. GeislerSold 7 sharesTotal: $558.11 ($79.73/share)Wolverine Trading LLCSold 3,800 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 4,400 shares on 8/22/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions PNW Stock - Frequently Asked Questions Should I buy or sell Pinnacle West Capital stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PNW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNW, but not buy additional shares or sell existing shares. View PNW analyst ratings or view top-rated stocks. What is Pinnacle West Capital's stock price forecast for 2023? 9 Wall Street analysts have issued 1 year price objectives for Pinnacle West Capital's stock. Their PNW share price forecasts range from $61.00 to $91.00. On average, they anticipate the company's stock price to reach $77.90 in the next year. This suggests that the stock has a possible downside of 2.0%. View analysts price targets for PNW or view top-rated stocks among Wall Street analysts. How have PNW shares performed in 2023? Pinnacle West Capital's stock was trading at $76.04 at the start of the year. Since then, PNW stock has increased by 4.6% and is now trading at $79.50. View the best growth stocks for 2023 here. Are investors shorting Pinnacle West Capital? Pinnacle West Capital saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,750,000 shares, an increase of 38.9% from the August 15th total of 1,260,000 shares. Based on an average daily trading volume, of 823,400 shares, the days-to-cover ratio is currently 2.1 days. View Pinnacle West Capital's Short Interest. When is Pinnacle West Capital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our PNW earnings forecast. How were Pinnacle West Capital's earnings last quarter? Pinnacle West Capital Co. (NYSE:PNW) released its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $0.25. The utilities provider had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.09 billion. Pinnacle West Capital had a trailing twelve-month return on equity of 6.55% and a net margin of 8.92%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. Read the conference call transcript. How often does Pinnacle West Capital pay dividends? What is the dividend yield for Pinnacle West Capital? Pinnacle West Capital declared a quarterly dividend on Wednesday, June 21st. Investors of record on Tuesday, August 1st will be paid a dividend of $0.865 per share on Friday, September 1st. This represents a $3.46 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, July 31st. Read our dividend analysis for PNW. What ETFs hold Pinnacle West Capital's stock? ETFs with the largest weight of Pinnacle West Capital (NYSE:PNW) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust Utilities AlphaDEX Fund (FXU), iShares Focused Value Factor ETF (FOVL) and ALPS Sector Dividend Dogs ETF (SDOG). Is Pinnacle West Capital a good dividend stock? Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.46 per share and currently has a dividend yield of 4.38%. PNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 96.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNW will have a dividend payout ratio of 70.76% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PNW. What guidance has Pinnacle West Capital issued on next quarter's earnings? Pinnacle West Capital updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $4.10-$4.30 for the period, compared to the consensus estimate of $4.19. The company issued revenue guidance of -. What is Don Brandt's approval rating as Pinnacle West Capital's CEO? 11 employees have rated Pinnacle West Capital Chief Executive Officer Don Brandt on Glassdoor.com. Don Brandt has an approval rating of 54% among the company's employees. This puts Don Brandt in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Pinnacle West Capital own? Based on aggregate information from My MarketBeat watchlists, some companies that other Pinnacle West Capital investors own include Verizon Communications (VZ), Intel (INTC), AT&T (T), Pfizer (PFE), Exxon Mobil (XOM), International Business Machines (IBM), Procter & Gamble (PG), Walmart (WMT), Chevron (CVX) and AbbVie (ABBV). What is Pinnacle West Capital's stock symbol? Pinnacle West Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW." Who are Pinnacle West Capital's major shareholders? Pinnacle West Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.89%), State Street Corp (6.17%), Lazard Asset Management LLC (5.67%), Geode Capital Management LLC (2.27%), Envestnet Asset Management Inc. (1.43%) and Capital Research Global Investors (1.18%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield, Kathryn L Munro and Theodore N Geisler. View institutional ownership trends. How do I buy shares of Pinnacle West Capital? Shares of PNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Pinnacle West Capital's stock price today? One share of PNW stock can currently be purchased for approximately $79.50. How much money does Pinnacle West Capital make? Pinnacle West Capital (NYSE:PNW) has a market capitalization of $9.01 billion and generates $4.32 billion in revenue each year. The utilities provider earns $483.60 million in net income (profit) each year or $3.58 on an earnings per share basis. How many employees does Pinnacle West Capital have? The company employs 5,861 workers across the globe. How can I contact Pinnacle West Capital? Pinnacle West Capital's mailing address is 400 NORTH FIFTH STREET MS8695, PHOENIX AZ, 85072. The official website for the company is www.pinnaclewest.com. The utilities provider can be reached via phone at (602) 250-1000, via email at investorrelations@pinnaclewest.com, or via fax at 602-379-2625. This page (NYSE:PNW) was last updated on 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Pinnacle West Capital Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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