Pinnacle West Capital Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 7 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Pinnacle West Capital stock. 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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13 brokerages have issued 1 year price targets for Pinnacle West Capital's stock. Their PNW stock forecasts range from $58.00 to $84.48. On average, they anticipate Pinnacle West Capital's stock price to reach $73.18 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
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Pinnacle West Capital's stock was trading at $70.59 on January 1st, 2022. Since then, PNW shares have increased by 1.6% and is now trading at $71.75.
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Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Pinnacle West Capital Co. (NYSE:PNW) announced its earnings results on Wednesday, May, 4th. The utilities provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.10. The utilities provider had revenue of $783.53 million for the quarter, compared to analyst estimates of $692.73 million. Pinnacle West Capital had a trailing twelve-month return on equity of 9.96% and a net margin of 15.42%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share.
View Pinnacle West Capital's earnings history.

Pinnacle West Capital announced a quarterly dividend on Wednesday, June 22nd. Shareholders of record on Monday, August 1st will be given a dividend of $0.85 per share on Thursday, September 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, July 29th.
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Pinnacle West Capital(NYSE:PNW) pays an annual dividend of $3.40 per share and currently has a dividend yield of 4.86%. PNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Pinnacle West Capital 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 of Pinnacle West Capital is 64.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Pinnacle West Capital will have a dividend payout ratio of 80.76% in the coming year. This indicates that Pinnacle West Capital may not be able to sustain their current dividend.
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Pinnacle West Capital issued an update on its FY 2022 earnings guidance on Wednesday, May, 11th. The company provided earnings per share (EPS) guidance of $3.90-$4.10 for the period, compared to the consensus earnings per share estimate of $4.02. The company issued revenue guidance of -.

11 employees have rated Pinnacle West Capital CEO Don Brandt on Glassdoor.com. Don Brandt has an approval rating of 54% among Pinnacle West Capital's employees. This puts Don Brandt in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Pinnacle West Capital include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), Eversource Energy (ES), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), PPL (PPL), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM), ALLETE (ALE) and MGE Energy (MGEE).
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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), 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.80%), Lazard Asset Management LLC (8.71%), BlackRock Inc. (8.30%), State Street Corp (6.12%), American Century Companies Inc. (3.21%) and Invesco Ltd. (3.13%). Company insiders that own Pinnacle West Capital stock include Barbara D Lockwood, Barbara D Lockwood, Daniel T Froetscher, James R Hatfield and Lee R Nickloy.
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PNW stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, BlackRock Inc., Ensign Peak Advisors Inc, Massachusetts Financial Services Co. MA, Wellington Management Group LLP, Mitsubishi UFJ Trust & Banking Corp, American Century Companies Inc., and Bank of America Corp DE. Company insiders that have sold Pinnacle West Capital company stock in the last two years include Barbara D Lockwood, and James R Hatfield.
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PNW stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Invesco Ltd., Cincinnati Financial Corp, Vanguard Group Inc., Canada Pension Plan Investment Board, Personal Capital Advisors Corp, JPMorgan Chase & Co., and Employees Retirement System of Texas.
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Shares of PNW 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 $71.75.

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.11 billion and generates $3.80 billion in revenue each year. The utilities provider earns $618.72 million in net income (profit) each year or $5.299990 on an earnings per share basis.

Pinnacle West Capital employs 5,872 workers across the globe.

Pinnacle West Capital was founded in 1894.

Pinnacle West Capital's mailing address is 400 NORTH FIFTH STREET MS8695, PHOENIX AZ, 85072. The official website for Pinnacle West Capital is www.pinnaclewest.com. The utilities provider can be reached via phone at (602) 250-1000, via email at [email protected], or via fax at 602-379-2625.