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NYSE:PNW

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

$77.09
-0.72 (-0.93%)
(As of 11:21 AM ET)
Compare
Today's Range
$76.78
$77.57
50-Day Range
$74.09
$85.41
52-Week Range
$59.03
$86.03
Volume
74,864 shs
Average Volume
831,947 shs
Market Capitalization
$8.74 billion
P/E Ratio
21.53
Dividend Yield
4.49%
Price Target
$78.10

Pinnacle West Capital MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
0.4% Upside
$78.10 Price Target
Short Interest
Healthy
1.54% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.10
Upright™ Environmental Score
News Sentiment
0.97mentions of Pinnacle West Capital in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$558 Sold Last Quarter
Proj. Earnings Growth
15.88%
From $4.22 to $4.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Utilities Sector

38th out of 85 stocks

Electric Services Industry

18th out of 41 stocks


PNW stock logo

About Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle 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.

PNW Price History

PNW Stock News Headlines

Pinnacle West Capital (PNW) Receives a Buy from Mizuho Securities
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Pinnacle West Capital (NYSE:PNW) Receives Buy Rating from Mizuho
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Pinnacle West: Stellar Outperformance Amongst Utilities
RBC Capital Remains a Hold on Pinnacle West Capital (PNW)
Is Pinnacle West Capital (PNW) Modestly Undervalued?
Why Utilities Are the S&P 500's Biggest Gainer Today
Q2 2023 Pinnacle West Capital Corp Earnings Call
See More Headlines
Receive PNW Stock News and Ratings via Email

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PNW Company Calendar

Ex-Dividend for 9/1 Dividend
7/31/2023
Last Earnings
8/03/2023
Dividend Payable
9/01/2023
Today
9/25/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
72348410
Employees
5,861
Year Founded
1894

Price Target and Rating

Average Stock Price Forecast
$78.10
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$483.60 million
Pretax Margin
10.65%

Debt

Sales & Book Value

Annual Sales
$4.32 billion
Cash Flow
$13.39 per share
Book Value
$54.44 per share

Miscellaneous

Free Float
113,029,000
Market Cap
$8.78 billion
Optionable
Optionable
Beta
0.48

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Key Executives

  • Mr. Jeffrey B. Guldner (Age 57)
    Chairman, Pres & CEO
    Comp: $2.85M
  • Mr. Andrew D. Cooper (Age 44)
    Sr. VP & CFO
    Comp: $1.01M
  • Mr. Robert E. Smith (Age 53)
    Exec. VP, Gen. Counsel & Chief Devel. Officer
    Comp: $1.35M
  • Mr. Adam C. Heflin (Age 58)
    EVP & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company
    Comp: $1.43M
  • Mr. Theodore N. GeislerMr. Theodore N. Geisler (Age 44)
    Pres of Arizona Public Service Company
    Comp: $1.49M
  • Mr. Jacob Tetlow (Age 50)
    Exec. VP of Operations for Arizona Public Service Company
    Comp: $512.31k
  • Ms. Elizabeth A. Blankenship (Age 51)
    VP, Controller & Chief Accounting Officer
  • Amanda Ho
    Director of Investor Relations
  • Mr. Paul J. Mountain (Age 45)
    VP of Fin. & Treasurer
  • Diane Wood
    Assistant VP & Corp. Sec.













PNW Stock - Frequently Asked Questions

Should I buy or sell Pinnacle West Capital stock right now?

9 Wall Street research 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 research 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 equities research analysts have issued twelve-month price objectives for Pinnacle West Capital's stock. Their PNW share price forecasts range from $61.00 to $91.00. On average, they predict the company's share price to reach $78.10 in the next year. This suggests a possible upside of 0.7% from the stock's current price.
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 on January 1st, 2023. Since then, PNW shares have increased by 1.9% and is now trading at $77.52.
View the best growth stocks for 2023 here
.

Are investors shorting Pinnacle West Capital?

Pinnacle West Capital saw a increase in short interest during the month of 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 trading volume of 823,400 shares, the short-interest ratio is presently 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) posted its quarterly earnings results on Thursday, August, 3rd. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by $0.25. The utilities provider earned $1.12 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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 4.46%. The ex-dividend date of this dividend is Monday, July 31st.
Read our dividend analysis for PNW
.

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 4.45%. 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 issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $4.10-$4.30 for the period, compared to the consensus EPS 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 many different institutional and retail investors. Top institutional shareholders 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 $77.52.

How much money does Pinnacle West Capital make?

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.78 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 9/25/2023 by MarketBeat.com Staff

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