NYSE:PNW - Pinnacle West Capital Stock Price, Forecast & 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. Since then, PNW stock has decreased by 13.3% and is now trading at $77.63. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pinnacle West Capital.

Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Pinnacle West Capital.

Pinnacle West Capital Co. (NYSE:PNW) released its quarterly earnings results on Friday, February, 21st. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.10. The utilities provider had revenue of $670.40 million for the quarter, compared to analyst estimates of $783.63 million. Pinnacle West Capital had a return on equity of 9.80% and a net margin of 15.51%. Pinnacle West Capital's quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. View Pinnacle West Capital's earnings history.

Pinnacle West Capital declared a quarterly dividend on Thursday, December 19th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.7825 per share on Monday, March 2nd. This represents a $3.13 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, January 31st. View Pinnacle West Capital's dividend history.

Pinnacle West Capital updated its FY20 earnings guidance on Friday, February, 21st. The company provided EPS guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.86.

11 brokerages have issued twelve-month target prices for Pinnacle West Capital's stock. Their forecasts range from $66.00 to $110.00. On average, they anticipate Pinnacle West Capital's stock price to reach $93.33 in the next year. This suggests a possible upside of 20.2% from the stock's current price. View analysts' price targets for Pinnacle West Capital.

Media coverage about PNW stock has been trending very negative on Sunday, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pinnacle West Capital earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutPinnacle West Capital.

Pinnacle West Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,230,000 shares, an increase of 18.3% from the February 13th total of 2,730,000 shares. Based on an average trading volume of 1,000,000 shares, the short-interest ratio is presently 3.2 days. Currently, 2.9% of the shares of the company are sold short. View Pinnacle West Capital's Current Options Chain.

Some companies that are related to Pinnacle West Capital include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), FirstEnergy (FE), PPL (PPL), Entergy (ETR), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE) and Portland General Electric (POR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinnacle West Capital investors own include Spark Energy (SPKE), Verizon Communications (VZ), Intel (INTC), Exxon Mobil (XOM), Altria Group (MO), NVIDIA (NVDA), IBM (IBM), Wells Fargo & Co (WFC), Netflix (NFLX) and Walgreens Boots Alliance (WBA).

Pinnacle West Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW."

Pinnacle West Capital's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (5.80%), AQR Capital Management LLC (3.61%), Renaissance Technologies LLC (2.70%), Geode Capital Management LLC (1.68%), Massachusetts Financial Services Co. MA (1.35%) and Franklin Resources Inc. (1.23%). 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, Mark A Schiavoni, 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 Barrow Hanley Mewhinney & Strauss LLC, Reaves W H & Co. Inc., Brookfield Public Securities Group LLC, AQR Capital Management LLC, Man Group plc, Renaissance Technologies LLC, Panagora Asset Management Inc., and Teacher Retirement System of Texas. Company insiders that have sold Pinnacle West Capital company stock in the last year include Barbara D Lockwood, Daniel T Froetscher, Denis A Cortese, James R Hatfield, Lee R Nickloy, and Michael L Gallagher. View insider buying and selling activity for Pinnacle West Capital.

PNW stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, Retirement Systems of Alabama, Bank of Montreal Can, Russell Investments Group Ltd., Massachusetts Financial Services Co. MA, Amundi Pioneer Asset Management Inc., and FIL Ltd. 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 $77.63.

Pinnacle West Capital has a market capitalization of $8.73 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. View additional information about Pinnacle West Capital.

The official website for Pinnacle West Capital is http://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]