About Pinnacle West Capital Corporation (NYSE:PNW)
Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. It owned and leased 6,236 megawatt (MW) of regulated generation capacity and the Company held a mix of both long-term and short-term purchased power agreements for additional capacity, including agreements for the purchase of renewable energy, as of December 31, 2016. Its subsidiaries include Arizona Public Service Company, which is a vertically-integrated electric utility that provides retail or wholesale electric service to the State of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: Electric Utilities
- Symbol: NYSE:PNW
- CUSIP: 72348410
- Web: www.pinnaclewest.com
Capitalization:- Market Cap: $9.90998 billion
- Outstanding Shares: 111,624,000
Average Prices:- 50 Day Moving Avg: $87.37
- 200 Day Moving Avg: $86.88
- 52 Week Range: $70.86 - $90.92
P/E:- Trailing P/E Ratio: 19.61
- Foreward P/E Ratio: 19.73
- P/E Growth: 3.40
Sales & Book Value:- Annual Revenue: $3.53 billion
- Price / Sales: 2.81
- Book Value: $43.53 per share
- Price / Book: 2.04
Dividend:- Annual Dividend: $2.62
- Dividend Yield: 3.0%
Profitability:- EBITDA: $1.53 billion
- Net Margins: 14.37%
- Return on Equity: 10.20%
- Return on Assets: 3.14%
Debt:- Debt-to-Equity Ratio: 0.84%
- Current Ratio: 0.65%
- Quick Ratio: 0.48%
Misc:- Average Volume: 657,362 shs.
- Beta: 0.36
- Short Ratio: 4.1
Frequently Asked Questions for Pinnacle West Capital Corporation (NYSE:PNW)
What is Pinnacle West Capital Corporation's stock symbol?
Pinnacle West Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW."
How often does Pinnacle West Capital Corporation pay dividends? What is the dividend yield for Pinnacle West Capital Corporation?
Pinnacle West Capital Corporation announced a quarterly dividend on Wednesday, October 18th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.695 per share on Friday, December 1st. This represents a $2.78 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from Pinnacle West Capital Corporation's previous quarterly dividend of $0.66. View Pinnacle West Capital Corporation's Dividend History.
How were Pinnacle West Capital Corporation's earnings last quarter?
Pinnacle West Capital Corporation (NYSE:PNW) released its quarterly earnings results on Thursday, August, 3rd. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.33. The company earned $944.59 million during the quarter, compared to the consensus estimate of $921.79 million. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.20%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. View Pinnacle West Capital Corporation's Earnings History.
When will Pinnacle West Capital Corporation make its next earnings announcement?
What guidance has Pinnacle West Capital Corporation issued on next quarter's earnings?
Pinnacle West Capital Corporation issued an update on its FY17 earnings guidance on Monday, August, 21st. The company provided earnings per share (EPS) guidance of $4.15-4.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.26. The company issued revenue guidance of $3.54-3.6 billion, compared to the consensus revenue estimate of $3.60 billion.
Where is Pinnacle West Capital Corporation's stock going? Where will Pinnacle West Capital Corporation's stock price be in 2017?
10 brokers have issued 1-year price objectives for Pinnacle West Capital Corporation's shares. Their forecasts range from $74.00 to $90.00. On average, they anticipate Pinnacle West Capital Corporation's stock price to reach $84.00 in the next twelve months. View Analyst Ratings for Pinnacle West Capital Corporation.
Who are some of Pinnacle West Capital Corporation's key competitors?
Some companies that are related to Pinnacle West Capital Corporation include Eversource Energy (ES), Fortis (FTS), Entergy Corporation (ETR), FirstEnergy Corporation (FE), Sse Plc (SSE), Enersis Americas S.A. (ENIA), Alliant Energy Corporation (LNT), CPFL Energia S.A. (CPL), Vistra Energy Corp. (VST), NRG Energy (NRG), Westar Energy (WR), Empresa Nacional de Electricidad S.A. (EOCC), OGE Energy Corporation (OGE), The AES Corporation (AES), Scana Corporation (SCG), Great Plains Energy (GXP), Pepco Holdings LLC (POM) and Calpine Corporation (CPN).
Who are Pinnacle West Capital Corporation's key executives?
Pinnacle West Capital Corporation's management team includes the folowing people:
- Donald E. Brandt, Chairman of the Board, President and CEO of the Company and APS
- James R. Hatfield, Chief Financial Officer, Executive Vice President of the Company and the APS
- Mark A. Schiavoni, Chief Operating Officer, Executive Vice President of APS
- Jeffrey B. Guldner, Executive Vice President - Public Policy, General Counsel
- Robert S. Bement, Executive Vice President and Chief Nuclear Officer, PVNGS, of APS
- David P. Falck, Executive Vice President - Law
- Daniel T. Froetscher, Senior Vice President - Transmission, Distribution & Customers
- Barbara M. Gomez, enior Vice President, Transmission, Distribution & Customers of APS
- Denise R. Danner, Vice President, Controller and Chief Accounting Officer of Pinnacle West; Chief Accounting Officer of APS
- Lee R. Nickloy, Vice President, Treasurer
Who owns Pinnacle West Capital Corporation stock?
Pinnacle West Capital Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.54%), Assenagon Asset Management S.A. (0.29%), Robeco Institutional Asset Management B.V. (0.24%), PGGM Investments (0.06%), Shell Asset Management Co. (0.03%) and State Treasurer State of Michigan (0.03%). Company insiders that own Pinnacle West Capital Corporation stock include Barbara M Gomez, Daniel T Froetscher, David P Falck, Denis A Cortese, Donald E Brandt, James R Hatfield, John S Hatfield, Kathryn L Munro, Mark A Schiavoni, Michael L Gallagher, Randall K Edington and Robert S Bement. View Institutional Ownership Trends for Pinnacle West Capital Corporation.
Who sold Pinnacle West Capital Corporation stock? Who is selling Pinnacle West Capital Corporation stock?
Pinnacle West Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., PGGM Investments, Shell Asset Management Co., State Treasurer State of Michigan, Ronna Sue Cohen, Meeder Asset Management Inc. and LS Investment Advisors LLC. Company insiders that have sold Pinnacle West Capital Corporation stock in the last year include Barbara M Gomez, Daniel T Froetscher, David P Falck, Denis A Cortese, Donald E Brandt, James R Hatfield, John S Hatfield, Kathryn L Munro and Michael L Gallagher. View Insider Buying and Selling for Pinnacle West Capital Corporation.
Who bought Pinnacle West Capital Corporation stock? Who is buying Pinnacle West Capital Corporation stock?
Pinnacle West Capital Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Quantitative Systematic Strategies LLC and Mutual of America Capital Management LLC. View Insider Buying and Selling for Pinnacle West Capital Corporation.
How do I buy Pinnacle West Capital Corporation stock?
Shares of Pinnacle West Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Pinnacle West Capital Corporation's stock price today?
One share of Pinnacle West Capital Corporation stock can currently be purchased for approximately $88.78.
MarketBeat Community Rating for Pinnacle West Capital Corporation (NYSE PNW)MarketBeat's community ratings are surveys of what our community members think about Pinnacle West Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Pinnacle West Capital Corporation (NYSE:PNW) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 9 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.90) |
| Consensus Price Target: | $84.00 (5.38% downside) |
Consensus Price Target History for Pinnacle West Capital Corporation (NYSE:PNW)
Analysts' Ratings History for Pinnacle West Capital Corporation (NYSE:PNW)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/12/2017 | SunTrust Banks, Inc. | Reiterated Rating | Hold | $84.00 | N/A |  |
| 9/20/2017 | Credit Suisse Group | Initiated Coverage | Neutral -> Neutral | $90.00 | Low | |
| 9/8/2017 | Morgan Stanley | Boost Price Target | Underweight | $83.00 -> $86.00 | Low | |
| 9/1/2017 | KeyCorp | Reiterated Rating | Hold | | Low | |
| 8/29/2017 | Royal Bank Of Canada | Reiterated Rating | Hold | $89.00 | Low | |
| 8/4/2017 | BMO Capital Markets | Reiterated Rating | Hold | $89.00 | Low | |
| 3/7/2017 | Williams Capital | Downgrade | Buy -> Hold | $79.00 | N/A | |
| 2/27/2017 | Mizuho | Boost Price Target | Neutral -> Neutral | $78.00 -> $81.00 | N/A | |
| 1/17/2017 | Goldman Sachs Group, Inc. (The) | Upgrade | Sell -> Neutral | $71.00 -> $74.00 | N/A | |
| 11/22/2016 | Bank of America Corporation | Upgrade | Underperform -> Neutral | | N/A | |
| 3/19/2016 | Barclays PLC | Reiterated Rating | Hold | | N/A | |
| 2/29/2016 | Evercore ISI | Boost Price Target | | $66.00 -> $67.00 | N/A | |
(Data available from 10/22/2015 forward)
Earnings History for Pinnacle West Capital Corporation (NYSE:PNW)Earnings History by Quarter for Pinnacle West Capital Corporation (NYSE PNW)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/3/2017 | | $2.32 | | | | | N/A | |
| 8/3/2017 | Q2 2017 | $1.16 | $1.49 | $921.79 million | $944.59 million | View | Listen | |
| 5/2/2017 | Q1 2017 | $0.15 | $0.21 | $704.09 million | $677.73 million | View | Listen | |
| 2/24/2017 | Q4 2016 | $0.47 | $0.47 | $791.38 million | $739.00 million | View | N/A | |
| 11/3/2016 | Q316 | $2.41 | $2.35 | $1.21 billion | $1.17 billion | View | N/A | |
| 8/2/2016 | Q216 | $1.14 | $1.08 | $915.40 million | $915.40 million | View | N/A | |
| 4/29/2016 | Q116 | $0.12 | $0.04 | $696.50 million | $677.20 million | View | Listen | |
| 2/19/2016 | Q415 | $0.26 | $0.37 | $763.38 million | $734.43 million | View | Listen | |
| 10/30/2015 | Q315 | $2.32 | $2.30 | $1.20 billion | $1.20 billion | View | Listen | |
| 7/30/2015 | Q215 | $1.23 | $1.10 | $933.63 million | $890.65 million | View | Listen | |
| 5/1/2015 | Q115 | $0.18 | $0.14 | $726.92 million | $671.20 million | View | Listen | |
| 2/20/2015 | Q414 | $0.20 | $0.05 | $733.93 million | $726.50 million | View | Listen | |
| 10/31/2014 | Q314 | $2.15 | $2.20 | $1.18 billion | $1.17 billion | View | Listen | |
| 7/31/2014 | Q214 | $1.15 | $1.19 | $931.65 million | $906.26 million | View | Listen | |
| 5/2/2014 | Q114 | $0.13 | $0.14 | $695.78 million | $686.25 million | View | Listen | |
| 2/21/2014 | Q413 | $0.18 | $0.22 | $664.58 million | $699.76 million | View | Listen | |
| 10/31/2013 | Q313 | $2.15 | $2.04 | $1.11 billion | $1.15 billion | View | Listen | |
| 8/2/2013 | Q2 2013 | $1.07 | $1.18 | $880.80 million | $915.82 million | View | Listen | |
| 5/3/2013 | Q1 2013 | $0.09 | $0.22 | $638.90 million | $686.65 million | View | Listen | |
| 2/22/2013 | Q4 2012 | $0.17 | $0.24 | $701.01 million | $693.12 million | View | Listen | |
| 11/2/2012 | Q312 | $2.25 | $2.21 | $1.14 billion | $1.11 billion | View | N/A | |
| 8/2/2012 | | $1.03 | $1.12 | | | View | N/A | |
| 5/3/2012 | | ($0.08) | ($0.07) | | | View | N/A | |
| 2/24/2012 | | $0.05 | $0.11 | | | View | N/A | |
| 11/1/2011 | | $2.11 | $2.24 | | | View | N/A | |
| 8/2/2011 | | $0.89 | $0.78 | | | View | N/A | |
| 4/29/2011 | | ($0.01) | ($0.14) | | | View | N/A | |
| 2/18/2011 | | $0.01 | $0.06 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Pinnacle West Capital Corporation (NYSE:PNW)2017 EPS Consensus Estimate: $3.98
2018 EPS Consensus Estimate: $4.41
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.05 | $0.15 | $0.09 |
| Q2 2017 | 3 | $1.11 | $1.28 | $1.21 |
| Q3 2017 | 3 | $2.23 | $2.66 | $2.41 |
| Q4 2017 | 2 | $0.25 | $0.29 | $0.27 |
| Q1 2018 | 2 | $0.22 | $0.23 | $0.23 |
| Q2 2018 | 2 | $1.18 | $1.24 | $1.21 |
| Q3 2018 | 2 | $2.36 | $2.73 | $2.55 |
| Q4 2018 | 2 | $0.34 | $0.51 | $0.43 |
| Q1 2019 | 1 | $0.23 | $0.23 | $0.23 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Pinnacle West Capital Corporation (NYSE:PNW)| Next Dividend: | 12/1/2017 |
| Annual Dividend: | $2.62 |
| Dividend Yield: | 2.95% |
| Dividend Growth: | 4.70% (3 Year Average) |
| Payout Ratio: | 57.96% (Trailing 12 Months of Earnings)
61.36% (Based on This Year's Estimates)
58.22% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Pinnacle West Capital Corporation (NYSE PNW)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/18/2017 | quarterly | $0.70 | 3.14% | 10/31/2017 | 11/1/2017 | 12/1/2017 |
| 6/21/2017 | quarterly | $0.66 | 2.97% | 7/28/2017 | 8/1/2017 | 9/1/2017 |
| 4/19/2017 | quarterly | $0.66 | 3.07% | 4/27/2017 | 5/1/2017 | 6/1/2017 |
| 12/21/2016 | quarterly | $0.66 | 3.38% | 1/30/2017 | 2/1/2017 | 3/1/2017 |
| 10/20/2016 | quarterly | $0.12 | 3.54% | 10/28/2016 | 11/1/2016 | 12/1/2016 |
| 6/22/2016 | quarterly | $0.63 | 3.23% | 7/28/2016 | 8/1/2016 | 9/1/2016 |
| 4/20/2016 | quarterly | $0.63 | 3.52% | 4/28/2016 | 5/2/2016 | 6/1/2016 |
| 12/16/2015 | quarterly | $0.63 | 3.93% | 1/28/2016 | 2/1/2016 | 3/1/2016 |
| 10/21/2015 | quarterly | $0.63 | 3.75% | 10/29/2015 | 11/2/2015 | 12/1/2015 |
| 6/17/2015 | quarterly | $0.60 | 4.1% | 7/30/2015 | 8/3/2015 | 9/1/2015 |
| 4/22/2015 | quarterly | $0.60 | 3.73% | 4/30/2015 | 5/4/2015 | 6/1/2015 |
| 12/17/2014 | quarterly | $0.60 | 3.54% | 1/29/2015 | 2/2/2015 | 3/2/2015 |
| 10/23/2014 | quarterly | $0.60 | 4.02% | 10/30/2014 | 11/3/2014 | 12/1/2014 |
| 6/18/2014 | quarterly | $0.57 | 4.01% | 7/30/2014 | 8/1/2014 | 9/2/2014 |
| 4/23/2014 | quarterly | $0.57 | 4.04% | 5/1/2014 | 5/5/2014 | 6/2/2014 |
| 12/18/2013 | quarterly | $0.57 | 4.27% | 1/30/2014 | 2/3/2014 | 3/3/2014 |
| 10/23/2013 | quarterly | $0.57 | 3.93% | 10/30/2013 | 11/1/2013 | 12/2/2013 |
| 6/19/2013 | quarterly | $0.55 | 4.17% | 7/30/2013 | 8/1/2013 | 9/3/2013 |
| 4/17/2013 | quarterly | $0.55 | 3.72% | 4/29/2013 | 5/1/2013 | 6/3/2013 |
| 12/19/2012 | quarterly | $0.55 | 4.17% | 1/30/2013 | 2/1/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Pinnacle West Capital Corporation (NYSE:PNW)Insider Ownership Percentage: 0.70%
Institutional Ownership Percentage: 84.16%
Insider Trades by Quarter for Pinnacle West Capital Corporation (NYSE:PNW)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/25/2017 | Kathryn L Munro | Director | Sell | 1,806 | $90.28 | $163,045.68 | |
| 8/24/2017 | David P Falck | EVP | Sell | 4,600 | $89.98 | $413,908.00 | |
| 8/23/2017 | Donald E Brandt | Chairman | Sell | 35,013 | $89.57 | $3,136,114.41 | |
| 5/26/2017 | Daniel T Froetscher | SVP | Sell | 2,800 | $87.31 | $244,468.00 | |
| 5/16/2017 | Barbara M Gomez | SVP | Sell | 1,900 | $84.00 | $159,600.00 | |
| 5/11/2017 | Denis A Cortese | Director | Sell | 1,776 | $83.85 | $148,917.60 | |
| 5/5/2017 | Donald E Brandt | Chairman | Sell | 52,134 | $84.70 | $4,415,749.80 | |
| 5/5/2017 | John S Hatfield | VP | Sell | 2,265 | $84.63 | $191,686.95 | |
| 5/4/2017 | James R Hatfield | CFO | Sell | 10,000 | $84.35 | $843,500.00 | |
| 12/13/2016 | Donald E Brandt | Chairman | Sell | 50,000 | $77.12 | $3,856,000.00 | |
| 12/12/2016 | David P Falck | EVP | Sell | 5,331 | $76.68 | $408,781.08 | |
| 12/12/2016 | Donald E Brandt | CEO | Sell | 30,735 | $76.79 | $2,360,140.65 | |
| 12/5/2016 | Michael L Gallagher | Director | Sell | 5,000 | $73.41 | $367,050.00 | |
| 9/12/2016 | John S Hatfield | VP | Sell | 4,523 | $75.27 | $340,446.21 | |
| 6/8/2016 | Robert S Bement | SVP | Sell | 4,300 | $75.75 | $325,725.00 | |
| 5/13/2016 | Randall K Edington | EVP | Sell | 5,500 | $73.99 | $406,945.00 | |
| 5/11/2016 | Randall K Edington | EVP | Sell | 6,500 | $73.69 | $478,985.00 | |
| 5/6/2016 | Denis A Cortese | Director | Sell | 2,000 | $72.87 | $145,740.00 | |
| 3/2/2016 | Daniel T Froetscher | SVP | Sell | 1,805 | $68.30 | $123,281.50 | |
| 12/7/2015 | David P Falck | EVP | Sell | 6,423 | $62.82 | $403,492.86 | |
| 11/18/2015 | Mark A Schiavoni | COO | Sell | 4,339 | $61.70 | $267,716.30 | |
| 6/9/2015 | Robert S Bement | SVP | Sell | 5,000 | $56.82 | $284,100.00 | |
| 3/10/2015 | Patrick Dinkel | VP | Sell | 4,195 | $62.39 | $261,726.05 | |
| 12/10/2014 | John S Hatfield | VP | Sell | 2,554 | $65.38 | $166,980.52 | |
| 12/4/2014 | Mark A Schiavoni | COO | Sell | 5,000 | $65.44 | $327,200.00 | |
| 12/2/2014 | David P Falck | EVP | Sell | 6,450 | $64.67 | $417,121.50 | |
| 11/21/2014 | Jeffrey B Guldner | SVP | Sell | 2,332 | $62.43 | $145,586.76 | |
| 11/12/2014 | Daniel T Froetscher | SVP | Sell | 2,000 | $61.85 | $123,700.00 | |
| 12/31/2013 | Daniel Froetscher | VP | Sell | 3,000 | $52.83 | $158,490.00 | |
| 12/31/2013 | David Falck | EVP | Sell | 7,500 | $52.92 | $396,900.00 | |
| 5/20/2013 | Daniel T Froetscher | VP | Sell | 2,000 | $60.18 | $120,360.00 | |
| 5/16/2013 | Tammy D Mcleod | VP | Sell | 4,000 | $60.00 | $240,000.00 | |
| 11/23/2012 | Daniel T Froetscher | VP | Sell | 2,000 | $49.16 | $98,320.00 | |
| 9/4/2012 | David P Falck | EVP | Sell | 1,549 | $52.20 | $80,857.80 | |
(Data available from 1/1/2013 forward)
Headline Trends for Pinnacle West Capital Corporation (NYSE:PNW)
Latest Headlines for Pinnacle West Capital Corporation (NYSE:PNW)
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Pinnacle West Capital Corporation (PNW) Chart for Sunday, October, 22, 2017
