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Pinnacle West Capital - PNW Stock Forecast, Price & News

$75.05
-0.37 (-0.49%)
(As of 08/8/2022 01:06 PM ET)
Add
Compare
Today's Range
$75.03
$76.18
50-Day Range
$65.92
$78.72
52-Week Range
$62.78
$81.25
Volume
9,750 shs
Average Volume
808,289 shs
Market Capitalization
$8.48 billion
P/E Ratio
15.51
Dividend Yield
4.51%
Price Target
$71.62

Pinnacle West Capital MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
5.3% Downside
$71.62 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.31
Upright™ Environmental Score
News Sentiment
0.33mentions of Pinnacle West Capital in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$259,058 Sold Last Quarter
Proj. Earnings Growth
5.54%
From $3.97 to $4.19 Per Share

Overall MarketRank

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

2.22 out of 5 stars

Utilities Sector

45th out of 107 stocks

Electric Services Industry

15th out of 54 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 approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Wall Street Analysts Forecast Growth

PNW has been the topic of a number of research analyst reports. KeyCorp lifted their price target on Pinnacle West Capital from $62.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 20th. Barclays decreased their price target on Pinnacle West Capital from $78.00 to $68.00 and set an "underweight" rating on the stock in a research note on Monday, July 18th. Credit Suisse Group started coverage on Pinnacle West Capital in a report on Monday, April 25th. They issued an "underperform" rating and a $73.00 price objective on the stock. Morgan Stanley boosted their price objective on Pinnacle West Capital from $70.00 to $71.00 and gave the company an "equal weight" rating in a report on Tuesday, July 26th. Finally, UBS Group cut their price target on Pinnacle West Capital from $74.00 to $67.00 and set a "sell" rating on the stock in a report on Thursday, June 30th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $71.62.

Pinnacle West Capital Price Performance

PNW traded down $0.32 during trading on Monday, reaching $75.10. The stock had a trading volume of 9,288 shares, compared to its average volume of 808,289. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 15.58 and a beta of 0.32. Pinnacle West Capital has a 1-year low of $62.78 and a 1-year high of $81.25. The stock has a 50 day moving average of $72.35 and a two-hundred day moving average of $73.22. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital (NYSE:PNW - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $974.60 million. Pinnacle West Capital had a net margin of 13.88% and a return on equity of 9.04%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 earnings per share. As a group, equities analysts anticipate that Pinnacle West Capital will post 3.97 EPS for the current fiscal year.

Pinnacle West Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Friday, July 29th. Pinnacle West Capital's payout ratio is 70.25%.

Insider Activity

In other Pinnacle West Capital news, SVP Barbara D. Lockwood sold 3,489 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $74.25, for a total value of $259,058.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is owned by insiders.

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PNW Stock News Headlines

7 Analysts Have This to Say About Pinnacle West Capital
Pinnacle West Capital Corp - Stock Dividends PNW
PNW Crosses Critical Technical Indicator
11 Analysts Have This to Say About Pinnacle West Capital
How To Trade Pinnacle West Capital PNW
See More Headlines
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PNW Company Calendar

Ex-Dividend for 6/1 Dividend
4/29/2022
Dividend Payable
6/01/2022
Ex-Dividend for 9/1 Dividend
7/29/2022
Last Earnings
8/03/2022
Today
8/08/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
72348410
Employees
5,872
Year Founded
1894

Price Target and Rating

Average Stock Price Forecast
$71.62
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
-4.6%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
12 Analysts

Profitability

Net Income
$618.72 million
Pretax Margin
16.82%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Cash Flow
$12.20 per share
Book Value
$53.39 per share

Miscellaneous

Free Float
112,694,000
Market Cap
$8.48 billion
Optionable
Optionable
Beta
0.32

Social Links


Key Executives

  • Mr. Jeffrey B. Guldner (Age 56)
    Chairman, Pres & CEO
    Comp: $2.92M
  • Mr. Robert E. Smith (Age 52)
    Exec. VP, Gen. Counsel & Chief Devel. Officer
    Comp: $1.28M
  • Ms. Maria L. Lacal (Age 61)
    Exec. VP & Advisor to the Chief Exec. Officer - Arizona Public Service Company
    Comp: $1.43M
  • Mr. Theodore N. Geisler (Age 43)
    Pres of Arizona Public Service Company
    Comp: $926.25k
  • Mr. Andrew D. Cooper (Age 43)
    Sr. VP & CFO
  • Ms. Elizabeth A. Blankenship (Age 50)
    VP, Controller & Chief Accounting Officer
  • Amanda Ho
    Director of Investor Relations
  • Mr. John J. Cadogan
    Sr. VP of Site Ops, Palo Verde Nuclear Generating Station - Arizona Public Service Co.
  • Mr. Adam C. Heflin (Age 57)
    EVP & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company
  • Mr. Paul J. Mountain
    VP of Fin. & Treasurer













PNW Stock - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 7 sell ratings, 4 hold ratings and 1 buy rating 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 2022?

12 analysts have issued 1 year price objectives for Pinnacle West Capital's stock. Their PNW stock forecasts range from $58.00 to $80.00. On average, they predict the company's stock price to reach $71.62 in the next year. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for PNW
or view top-rated stocks among Wall Street analysts.

How has Pinnacle West Capital's stock price performed in 2022?

Pinnacle West Capital's stock was trading at $70.59 at the beginning of the year. Since then, PNW stock has increased by 6.4% and is now trading at $75.13.
View the best growth stocks for 2022 here
.

Are investors shorting Pinnacle West Capital?

Pinnacle West Capital saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,230,000 shares, a decrease of 27.1% from the June 30th total of 3,060,000 shares. Based on an average daily trading volume, of 753,800 shares, the short-interest ratio is currently 3.0 days. Approximately 2.0% of the shares of the company are short sold.
View Pinnacle West Capital's Short Interest
.

When is Pinnacle West Capital's next earnings date?

Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our PNW earnings forecast
.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) posted its quarterly earnings data on Wednesday, August, 3rd. The utilities provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The utilities provider earned $1.06 billion during the quarter, compared to the consensus estimate of $974.60 million. Pinnacle West Capital had a trailing twelve-month return on equity of 9.04% and a net margin of 13.88%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.91 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 announced a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Monday, August 1st will be paid a dividend of $0.85 per share on Thursday, September 1st. This represents a $3.40 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for PNW
.

Is Pinnacle West Capital a good dividend stock?

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.40 per share and currently has a dividend yield of 4.51%. 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 70.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PNW will have a dividend payout ratio of 81.15% in the coming year. This indicates that the company may not be able to sustain their current 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 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $3.90-$4.10 for the period, compared to the consensus earnings per share estimate of $4.02. 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 retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.98%), Personal Capital Advisors Corp (0.71%), Russell Investments Group Ltd. (0.35%), Wedge Capital Management L L P NC (0.22%), New York State Teachers Retirement System (0.12%) and State Board of Administration of Florida Retirement System (0.11%). Insiders that own company stock include Barbara D Lockwood, Barbara D Lockwood, Daniel T Froetscher, James R Hatfield and Lee R Nickloy.
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 $75.13.

How much money does Pinnacle West Capital make?

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.49 billion and generates $3.80 billion in revenue each year. The utilities provider earns $618.72 million in net income (profit) each year or $4.84 on an earnings per share basis.

How many employees does Pinnacle West Capital have?

Pinnacle West Capital employs 5,872 workers across the globe.

When was Pinnacle West Capital founded?

Pinnacle West Capital was founded in 1894.

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 8/8/2022 by MarketBeat.com Staff

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