Pinnacle West Capital Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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Wall Street analysts have given Pinnacle West Capital a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Pinnacle West Capital wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Pinnacle West Capital saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 4,330,000 shares, an increase of 52.5% from the April 29th total of 2,840,000 shares. Based on an average daily trading volume, of 908,400 shares, the short-interest ratio is currently 4.8 days.
View Pinnacle West Capital's Short Interest.

Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Pinnacle West Capital.

Pinnacle West Capital Co. (NYSE:PNW) issued its quarterly earnings results on Wednesday, May, 5th. The utilities provider reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.07. The utilities provider had revenue of $696.48 million for the quarter, compared to the consensus estimate of $709.94 million. Pinnacle West Capital had a trailing twelve-month return on equity of 9.62% and a net margin of 15.36%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS.
View Pinnacle West Capital's earnings history.

Pinnacle West Capital's stock was trading at $89.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PNW shares have decreased by 9.0% and is now trading at $81.48.
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Pinnacle West Capital declared a quarterly dividend on Wednesday, April 21st. Stockholders of record on Monday, May 3rd will be paid a dividend of $0.83 per share on Tuesday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, April 30th.
View Pinnacle West Capital's dividend history.

Pinnacle West Capital pays an annual dividend of $3.32 per share and currently has a dividend yield of 4.02%. 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 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Pinnacle West Capital is 68.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Pinnacle West Capital will have a dividend payout ratio of 65.74% next year. This indicates that Pinnacle West Capital will be able to sustain or increase its dividend.
View Pinnacle West Capital's dividend history.

9 analysts have issued 12-month price targets for Pinnacle West Capital's stock. Their forecasts range from $78.00 to $100.00. On average, they anticipate Pinnacle West Capital's stock price to reach $89.00 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
View analysts' price targets for Pinnacle West Capital or view top-rated stocks among Wall Street analysts.

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), The Southern (SO), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM), ALLETE (ALE) and MGE Energy (MGEE).
View all of PNW's competitors.

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), The 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.40%), Franklin Resources Inc. (3.63%), Massachusetts Financial Services Co. MA (2.59%), Ameriprise Financial Inc. (2.24%), Geode Capital Management LLC (1.82%) and Mitsubishi UFJ Trust & Banking Corp (1.57%). Company insiders that own Pinnacle West Capital stock include Barbara D Lockwood, Daniel T Froetscher, James R Hatfield and Lee R Nickloy.
View institutional ownership trends for Pinnacle West Capital.

PNW stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Alliancebernstein L.P., Morgan Stanley, Assenagon Asset Management S.A., BNP Paribas Arbitrage SA, Franklin Resources Inc., AQR Capital Management LLC, and Glenmede Trust Co. NA.
View insider buying and selling activity for Pinnacle West Capital or view top insider-selling stocks.

PNW stock was acquired by a variety of institutional investors in the last quarter, including ClearBridge Investments Ltd, Credit Suisse AG, River Road Asset Management LLC, Mitsubishi UFJ Trust & Banking Corp, SG Americas Securities LLC, BlackRock Inc., APG Asset Management N.V., and Boston Partners.
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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 $81.48.

Pinnacle West Capital has a market capitalization of $9.19 billion and generates $3.59 billion in revenue each year. The utilities provider earns $550.56 million in net income (profit) each year or $4.87 on an earnings per share basis.

Pinnacle West Capital employs 6,026 workers across the globe.

Pinnacle West Capital was founded in 1894.

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

Pinnacle West Capital is headquartered at 400 NORTH FIFTH STREET MS8695, PHOENIX AZ, 85072.

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]