Pinnacle West Capital (PNW) Stock Forecast, Price & News

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PNW earnings forecast.

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.

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.

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 (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.

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 -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW."

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.

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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One share of PNW stock can currently be purchased for approximately $79.50.

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.

The company employs 5,861 workers across the globe.

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.