NYSE:PNW Pinnacle West Capital (PNW) Stock Forecast, Price & News $77.36 +1.29 (+1.70%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$75.00▼$77.5050-Day Range$76.07▼$80.9452-Week Range$59.03▼$81.63Volume859,027 shsAverage Volume851,727 shsMarket Capitalization$8.76 billionP/E Ratio18.91Dividend Yield4.47%Price Target$74.82 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Pinnacle West Capital MarketRank™ ForecastAnalyst RatingHold1.80 Rating ScoreUpside/Downside3.3% Downside$74.82 Price TargetShort InterestBearish3.12% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-4.51Upright™ Environmental ScoreNews Sentiment0.44Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth18.07%From $4.04 to $4.77 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector58th out of 84 stocksElectric Services Industry26th out of 41 stocks 0.9 Analyst's Opinion Consensus RatingPinnacle West Capital has received a consensus rating of Hold. The company's average rating score is 1.80, and is based on 1 buy rating, 6 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $74.82, Pinnacle West Capital has a forecasted downside of 3.3% from its current price of $77.36.Amount of Analyst CoveragePinnacle West Capital has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.12% of the outstanding shares of Pinnacle West Capital have been sold short.Short Interest Ratio / Days to CoverPinnacle West Capital has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Pinnacle West Capital has recently increased by 36.82%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipPinnacle West Capital is a leading dividend payer. It pays a dividend yield of 4.48%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPinnacle West Capital has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of Pinnacle West Capital is 84.60%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Pinnacle West Capital will have a dividend payout ratio of 72.54% next year. This indicates that Pinnacle West Capital will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePinnacle West Capital has received a 22.28% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Local electricty grid operation services for electricty produced by renewable energy sources", "Main electricity grid operation services for electricity produced by nuclear fuels", "Main electricity grid operation services for electricity produced by fossil fuels", "Local electricty grid operation services for electricty produced by fossil fuels", and "Local electricity grid operation services for electricity produced by nuclear fuels" products. See details.Environmental SustainabilityThe Environmental Impact score for Pinnacle West Capital is -4.51. Previous Next 1.9 News and Social Media Coverage News SentimentPinnacle West Capital has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Pinnacle West Capital this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for PNW on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows4 people have added Pinnacle West Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pinnacle West Capital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.31% of the stock of Pinnacle West Capital is held by insiders.Percentage Held by Institutions85.21% of the stock of Pinnacle West Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Pinnacle West Capital are expected to grow by 18.07% in the coming year, from $4.04 to $4.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pinnacle West Capital is 18.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Pinnacle West Capital is 18.91, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.08.Price to Earnings Growth RatioPinnacle West Capital has a PEG Ratio of 3.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPinnacle West Capital has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Pinnacle West Capital (NYSE:PNW) StockPinnacle 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.Read More Receive PNW Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Pinnacle West Capital and its competitors with MarketBeat's FREE daily newsletter. Email Address PNW Stock News HeadlinesMay 26, 2023 | msn.comB of A Securities Upgrades Pinnacle West Capital (PNW)May 26, 2023 | americanbankingnews.comPinnacle West Capital (NYSE:PNW) Upgraded to Neutral at Bank of AmericaJune 2, 2023 | Behind the Markets (Ad)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.May 26, 2023 | americanbankingnews.comKeyCorp Weighs in on Pinnacle West Capital Co.'s Q2 2023 Earnings (NYSE:PNW)May 23, 2023 | finance.yahoo.comAfter a year of 8.3% returns, Pinnacle West Capital Corporation's (NYSE:PNW) share price drop last week may have less of an impact on institutional investorsMay 23, 2023 | americanbankingnews.comStockNews.com Lowers Pinnacle West Capital (NYSE:PNW) to SellMay 20, 2023 | americanbankingnews.comPinnacle West Capital Co. (NYSE:PNW) Receives $74.64 Average PT from BrokeragesMay 19, 2023 | msn.comUBS Maintains Pinnacle West Capital (PNW) Sell RecommendationJune 2, 2023 | Behind the Markets (Ad)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.May 19, 2023 | markets.businessinsider.comAnalyst Expectations for Pinnacle West Capital's FutureMay 18, 2023 | americanbankingnews.comCritical Analysis: Pinnacle West Capital (NYSE:PNW) and Fortis (NYSE:FTS)May 16, 2023 | americanbankingnews.comEco Wave Power Global AB (publ) (NASDAQ:WAVE) versus Pinnacle West Capital (NYSE:PNW) Head-To-Head ContrastMay 15, 2023 | americanbankingnews.comPinnacle West Capital (NYSE:PNW) Stock Rating Lowered by StockNews.comMay 14, 2023 | americanbankingnews.comMizuho Boosts Pinnacle West Capital (NYSE:PNW) Price Target to $81.00May 12, 2023 | msn.comMizuho Maintains Pinnacle West Capital (PNW) Neutral RecommendationMay 9, 2023 | markets.businessinsider.comPinnacle West Capital (PNW) Gets a Hold from RBC CapitalMay 8, 2023 | marketwatch.comPinnacle West Capital Corp. stock underperforms Monday when compared to competitorsMay 5, 2023 | msn.comWells Fargo Maintains Pinnacle West Capital (PNW) Equal-Weight RecommendationMay 4, 2023 | finance.yahoo.comPinnacle West (PNW) Q1 Earnings Lag Estimates, Revenues Rise Y/YMay 4, 2023 | markets.businessinsider.comPinnacle West Capital Affirms FY23 EPS Outlook - UpdateMay 4, 2023 | finance.yahoo.comPinnacle West Reports Lower 2023 First-Quarter Financial ResultsMay 4, 2023 | finance.yahoo.comElectric utility Pinnacle West reports quarterly loss on higher costsMay 3, 2023 | americanbankingnews.comPinnacle West Capital (PNW) Set to Announce Earnings on ThursdayMay 2, 2023 | finance.yahoo.comEdison International (EIX) Surpasses Q1 Earnings EstimatesMay 1, 2023 | finance.yahoo.comWhat Awaits Pinnacle West Capital (PNW) in Q1 Earnings?April 27, 2023 | americanbankingnews.comAnalysts Set Pinnacle West Capital Co. (NYSE:PNW) Price Target at $74.00April 26, 2023 | seekingalpha.comPinnacle West: An Expensive Utility, Decent Growth OutlookSee More Headlines PNW Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PNW Company Calendar Ex-Dividend for 6/1 Dividend4/28/2023Last Earnings5/04/2023Dividend Payable6/01/2023Today6/02/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNYSE:PNW CUSIP72348410 CIK764622 Webwww.pinnaclewest.com Phone(602) 250-1000Fax602-379-2625Employees5,861Year Founded1894Price 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 RatingHold Rating Score (0-4)1.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$4.09 Trailing P/E Ratio18.88 Forward P/E Ratio19.12 P/E Growth3.13Net Income$483.60 million Net Margins10.33% Pretax Margin12.31% Return on Equity7.50% Return on Assets2.02% Debt Debt-to-Equity Ratio1.28 Current Ratio1.01 Quick Ratio0.74 Sales & Book Value Annual Sales$4.32 billion Price / Sales2.02 Cash Flow$13.43 per share Price / Cash Flow5.75 Book Value$54.43 per share Price / Book1.42Miscellaneous Outstanding Shares113,260,000Free Float112,905,000Market Cap$8.75 billion OptionableOptionable Beta0.46 Social Links Key ExecutivesJeffrey B. GuldnerChairman, President & Chief Executive OfficerAndrew CooperChief Financial Officer & Senior Vice PresidentRobert E. SmithChief Development Officer, EVP & General CounselAdam C. HeflinEVP & Chief Nuclear OfficerElizabeth A. BlankenshipChief Accounting Officer, VP & ControllerKey CompetitorsOGE EnergyNYSE:OGEIDACORPNYSE:IDAPortland General ElectricNYSE:PORPNM ResourcesNYSE:PNMHawaiian Electric IndustriesNYSE:HEView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 4,838 shares on 6/1/2023Ownership: 0.045%ProShare Advisors LLCBought 1,833 shares on 5/26/2023Ownership: 0.023%Empower Advisory Group LLCBought 866,192 shares on 5/25/2023Ownership: 0.765%Brandywine Global Investment Management LLCSold 1,882 shares on 5/25/2023Ownership: 0.064%Verity Asset Management Inc.Sold 326 shares on 5/24/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Pinnacle West Capital's stock? ETFs with the largest weight of Pinnacle West Capital (NYSE:PNW) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust Utilities AlphaDEX Fund (FXU), Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), Invesco High Yield Equity Dividend Achievers ETF (PEY) and ALPS Sector Dividend Dogs ETF (SDOG). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Pinnacle West Capital Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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