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NYSE:PNW

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

$77.36
+1.29 (+1.70%)
(As of 06/2/2023 ET)
Compare
Today's Range
$75.00
$77.50
50-Day Range
$76.07
$80.94
52-Week Range
$59.03
$81.63
Volume
859,027 shs
Average Volume
851,727 shs
Market Capitalization
$8.76 billion
P/E Ratio
18.91
Dividend Yield
4.47%
Price Target
$74.82

Pinnacle West Capital MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
3.3% Downside
$74.82 Price Target
Short Interest
Bearish
3.12% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.51
Upright™ Environmental Score
News Sentiment
0.44mentions of Pinnacle West Capital in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.07%
From $4.04 to $4.77 Per Share

Overall MarketRank

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

2.15 out of 5 stars

Utilities Sector

58th out of 84 stocks

Electric Services Industry

26th out of 41 stocks


PNW stock logo

About Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co. The company was founded on February 20, 1985, and is headquartered in Phoenix, AZ.

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PNW Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Analyst Expectations for Pinnacle West Capital's Future
Pinnacle West Capital (PNW) Gets a Hold from RBC Capital
Pinnacle West Capital Affirms FY23 EPS Outlook - Update
See More Headlines

PNW Price History

PNW Company Calendar

Ex-Dividend for 6/1 Dividend
4/28/2023
Last Earnings
5/04/2023
Dividend Payable
6/01/2023
Today
6/02/2023
Next Earnings (Estimated)
8/02/2023
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
$74.82
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
-3.1%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$483.60 million
Pretax Margin
12.31%

Debt

Sales & Book Value

Annual Sales
$4.32 billion
Cash Flow
$13.43 per share
Book Value
$54.43 per share

Miscellaneous

Free Float
112,905,000
Market Cap
$8.75 billion
Optionable
Optionable
Beta
0.46

Social Links


Key Executives

  • Jeffrey B. Guldner
    Chairman, President & Chief Executive Officer
  • Andrew Cooper
    Chief Financial Officer & Senior Vice President
  • Robert E. Smith
    Chief Development Officer, EVP & General Counsel
  • Adam C. Heflin
    EVP & Chief Nuclear Officer
  • Elizabeth A. Blankenship
    Chief Accounting Officer, VP & Controller













PNW Stock - Frequently Asked Questions

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 3 sell ratings, 6 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 2023?

10 equities research analysts have issued 1 year target prices for Pinnacle West Capital's shares. Their PNW share price forecasts range from $56.00 to $91.00. On average, they anticipate the company's stock price to reach $74.82 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
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 at the beginning of the year. Since then, PNW stock has increased by 1.6% and is now trading at $77.23.
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 May. As of May 15th, there was short interest totaling 3,530,000 shares, an increase of 36.8% from the April 30th total of 2,580,000 shares. Based on an average daily volume of 854,800 shares, the days-to-cover ratio is currently 4.1 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 Wednesday, August 2nd 2023.
View our PNW earnings forecast
.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) released its quarterly earnings results on Thursday, May, 4th. The utilities provider reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.06. The utilities provider earned $944.60 million during the quarter, compared to analysts' expectations of $808.33 million. Pinnacle West Capital had a net margin of 10.33% and a trailing twelve-month return on equity of 7.50%. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 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, April 19th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.865 per share on Thursday, June 1st. This represents a $3.46 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 28th.
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 4.48%. 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 84.60%. 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 72.54% 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 updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $3.95-$4.15 for the period, compared to the consensus earnings per share estimate of $4.06. 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.10%), State Street Corp (6.22%), Barrow Hanley Mewhinney & Strauss LLC (4.54%), Geode Capital Management LLC (2.20%), Envestnet Asset Management Inc. (2.02%) and American Century Companies Inc. (1.88%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield and Kathryn L Munro.
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 $77.23.

How much money does Pinnacle West Capital make?

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.75 billion and generates $4.32 billion in revenue each year. The utilities provider earns $483.60 million in net income (profit) each year or $4.09 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 6/2/2023 by MarketBeat.com Staff

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