Pinnacle West Capital Stock Price, News & Analysis (NYSE:PNW)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 4 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.
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7 Wall Street analysts have issued 1-year price targets for Pinnacle West Capital's shares. Their PNW share price targets range from $61.00 to $88.00. On average, they expect the company's share price to reach $75.75 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
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Pinnacle West Capital's stock was trading at $76.04 at the start of the year. Since then, PNW stock has decreased by 1.0% and is now trading at $75.30.
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Pinnacle West Capital saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,120,000 shares, an increase of 23.3% from the October 31st total of 1,720,000 shares. Based on an average daily volume of 833,500 shares, the days-to-cover ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our PNW earnings forecast.

Pinnacle West Capital Co. (NYSE:PNW) announced its quarterly earnings results on Thursday, November, 2nd. The utilities provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.33 by $0.17. The utilities provider had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.54 billion. Pinnacle West Capital had a net margin of 10.13% and a trailing twelve-month return on equity of 7.68%.

Pinnacle West Capital declared a quarterly dividend on Wednesday, October 18th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.88 per share on Friday, December 1st. This represents a $3.52 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PNW.

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.63%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 83.81%. 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 71.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNW.

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).

Pinnacle West Capital issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $4.10-4.30 for the period, compared to the consensus estimate of $4.23.

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.

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).

Pinnacle West Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (3.52%), Lazard Asset Management LLC (3.40%), Massachusetts Financial Services Co. MA (2.45%), American Century Companies Inc. (1.68%), Envestnet Asset Management Inc. (1.27%) and Morgan Stanley (1.16%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield, Kathryn L Munro and Theodore N Geisler.
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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.
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