Pinnacle West Capital - PNW Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 4 sell ratings and 7 hold 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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11 brokerages have issued twelve-month 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 $73.15 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts price targets for PNW or view top-rated stocks among Wall Street analysts.

Pinnacle West Capital's stock was trading at $70.59 on January 1st, 2022. Since then, PNW stock has increased by 10.0% and is now trading at $77.62.
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Pinnacle West Capital saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 2,040,000 shares, a drop of 20.0% from the October 31st total of 2,550,000 shares. Based on an average daily volume of 811,900 shares, the days-to-cover ratio is currently 2.5 days.
View Pinnacle West Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our PNW earnings forecast.

Pinnacle West Capital Co. (NYSE:PNW) released its earnings results on Friday, November, 5th. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.22. The utilities provider had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. Pinnacle West Capital had a net margin of 13.01% and a trailing twelve-month return on equity of 8.75%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.07 EPS.
Read the conference call transcript.

Pinnacle West Capital declared a quarterly dividend on Thursday, October 20th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.865 per share on Thursday, December 1st. This represents a $3.46 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, October 31st. This is an increase from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for PNW.

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.46 per share and currently has a dividend yield of 4.43%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PNW will have a dividend payout ratio of 81.99% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PNW.

Pinnacle West Capital updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $4.20-$4.35 for the period, compared to the consensus earnings per share estimate of $4.03. 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 shareholders include Vanguard Group Inc. (12.29%), BlackRock Inc. (8.73%), Lazard Asset Management LLC (7.99%), State Street Corp (6.75%), Barrow Hanley Mewhinney & Strauss LLC (4.99%) and Massachusetts Financial Services Co. MA (2.36%). Insiders that own company stock include Barbara D Lockwood, Daniel T Froetscher, James R Hatfield, Kathryn L Munro and Lee R Nickloy.
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 $77.62.

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.78 billion and generates $3.80 billion in revenue each year. The utilities provider earns $618.72 million in net income (profit) each year or $4.72 on an earnings per share basis.

The company employs 5,872 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.