Pinnacle West Capital Stock Forecast, Price & News

Pinnacle West Capital's stock was trading at $89.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PNW stock has decreased by 21.4% and is now trading at $70.43.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Pinnacle West Capital.

Pinnacle West Capital Co. (NYSE:PNW) posted its quarterly earnings data on Thursday, August, 6th. The utilities provider reported $1.71 EPS for the quarter, beating the Zacks' consensus estimate of $1.48 by $0.23. The utilities provider earned $929.50 million during the quarter, compared to the consensus estimate of $915.14 million. Pinnacle West Capital had a net margin of 17.37% and a return on equity of 10.69%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS.
View Pinnacle West Capital's earnings history.

Pinnacle West Capital announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.7825 per share on Tuesday, September 1st. This represents a $3.13 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, July 31st.
View Pinnacle West Capital's dividend history.

Pinnacle West Capital issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.82.

10 equities research analysts have issued 1-year target prices for Pinnacle West Capital's shares. Their forecasts range from $80.00 to $97.00. On average, they anticipate Pinnacle West Capital's share price to reach $88.13 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price.
View analysts' price targets for Pinnacle West Capital.

Pinnacle West Capital saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,620,000 shares, a decrease of 20.2% from the August 15th total of 2,030,000 shares. Based on an average trading volume of 999,000 shares, the short-interest ratio is presently 1.6 days.
View Pinnacle West Capital's Short Interest.

Some companies that are related to Pinnacle West Capital include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Xcel Energy (XEL), Exelon (EXC), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE) and PNM Resources (PNM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Pinnacle West Capital investors own include Verizon Communications (VZ), Intel (INTC), Pfizer (PFE), AT&T (T), Procter & Gamble (PG), Exxon Mobil (XOM), IBM (IBM), AbbVie (ABBV), Cisco Systems (CSCO) and Chevron (CVX).

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.13%), AQR Capital Management LLC (1.35%), Bank of New York Mellon Corp (1.06%), Duff & Phelps Investment Management Co. (0.95%), FMR LLC (0.90%) and California Public Employees Retirement System (0.84%). Company insiders that own Pinnacle West Capital stock include Barbara D Lockwood, Bruce J Nordstrom, Daniel T Froetscher, Denis A Cortese, Denise R Danner, Donald E Brandt, Donna M Easterly, James R Hatfield, Jeffrey B Guldner, Lee R Nickloy, Michael L Gallagher and Robert S Bement.
View institutional ownership trends for Pinnacle West Capital.

PNW stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., First Trust Advisors LP, WINTON GROUP Ltd, Bank of Nova Scotia, CIBC Asset Management Inc, and APG Asset Management N.V.. Company insiders that have sold Pinnacle West Capital company stock in the last year include Barbara D Lockwood, Daniel T Froetscher, James R Hatfield, and Lee R Nickloy.
View insider buying and selling activity for Pinnacle West Capital.

PNW stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, AJO LP, Duff & Phelps Investment Management Co., Electron Capital Partners LLC, Cincinnati Insurance Co., Victory Capital Management Inc., CIBC Private Wealth Group LLC, and Two Sigma Advisers LP.
View insider buying and selling activity for Pinnacle West Capital.

Shares of PNW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PNW stock can currently be purchased for approximately $70.43.

Pinnacle West Capital has a market capitalization of $7.93 billion and generates $3.47 billion in revenue each year. The utilities provider earns $538.32 million in net income (profit) each year or $4.77 on an earnings per share basis. Pinnacle West Capital employs 6,210 workers across the globe.

The official website for Pinnacle West Capital is www.pinnaclewest.com.

Pinnacle West Capital's mailing address is 400 NORTH FIFTH STREET MS8695, PHOENIX AZ, 85072. The utilities provider can be reached via phone at 602-250-1000 or via email at [email protected]