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About Pinnacle West Capital (NYSE:PNW)
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million homes and businesses. It owns or leases approximately 6,236 megawatts of regulated generation capacity. The company was founded in 1920 and is headquartered in Phoenix, Arizona.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
SymbolNYSE:PNW
CUSIP72348410
Phone602-250-1000
Debt
Debt-to-Equity Ratio0.83
Current Ratio0.51
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio17.94
Forward P/E Ratio17.53
P/E Growth3.6
Sales & Book Value
Annual Sales$3.57 billion
Price / Sales2.45
Cash Flow$9.8759 per share
Price / Cash7.90
Book Value$46.04 per share
Price / Book1.69
Profitability
EPS (Most Recent Fiscal Year)$4.35
Net Income$488.45 million
Net Margins13.08%
Return on Equity9.11%
Return on Assets2.76%
Miscellaneous
Employees6,292
Outstanding Shares111,930,000
Pinnacle West Capital (NYSE:PNW) Frequently Asked Questions
What is Pinnacle West Capital's stock symbol?
Pinnacle West Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW."
How often does Pinnacle West Capital pay dividends? What is the dividend yield for Pinnacle West Capital?
Pinnacle West Capital announced a quarterly dividend on Wednesday, April 18th. Investors of record on Tuesday, May 1st will be paid a dividend of $0.695 per share on Friday, June 1st. This represents a $2.78 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Monday, April 30th. View Pinnacle West Capital's Dividend History.
How were Pinnacle West Capital's earnings last quarter?
Pinnacle West Capital Co. (NYSE:PNW) issued its earnings results on Wednesday, May, 2nd. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by $0.07. The utilities provider had revenue of $692.71 million for the quarter, compared to analyst estimates of $680.96 million. Pinnacle West Capital had a net margin of 13.08% and a return on equity of 9.11%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. View Pinnacle West Capital's Earnings History.
When is Pinnacle West Capital's next earnings date?
What guidance has Pinnacle West Capital issued on next quarter's earnings?
Pinnacle West Capital updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $4.35-4.55 for the period, compared to the Thomson Reuters consensus estimate of $4.47.
What price target have analysts set for PNW?
11 analysts have issued 1-year price objectives for Pinnacle West Capital's shares. Their forecasts range from $80.00 to $89.00. On average, they anticipate Pinnacle West Capital's stock price to reach $84.20 in the next year. View Analyst Ratings for Pinnacle West Capital.
Who are some of Pinnacle West Capital's key competitors?
Some companies that are related to Pinnacle West Capital include American Electric Power (AEP), CLP Group (CLPHY), Tenaga Nasional Bhd (TNABY), Korea Electric Power (KEP), Edison International (EIX), SSE (SSEZY), PPL (PPL), Eversource Energy (ES), DTE Energy (DTE), FirstEnergy (FE), Avangrid (AGR), EDP-Energias de Portugal, S.A (EDPFY), Entergy (ETR), Fortis (FTS) and Vistra Energy (VST).
Who are Pinnacle West Capital's key executives?
Pinnacle West Capital's management team includes the folowing people:
- Mr. Donald E. Brandt CPA, Chairman, Pres & CEO (Age 63)
- Mr. James R. Hatfield, Exec. VP & CFO (Age 60)
- Mr. David P. Falck, Exec. VP of Law (Age 65)
- Mr. Robert S. Bement, EVP & Chief Nuclear Officer of Palo Verde Nuclear Generating Station - Arizona Public Service Co. (Age 62)
- Ms. Denise R. Danner, VP, Controller & Chief Accounting Officer (Age 62)
Has Pinnacle West Capital been receiving favorable news coverage?
News articles about PNW stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle West Capital earned a coverage optimism score of 0.17 on Accern's scale. They also assigned news stories about the utilities provider an impact score of 46.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Pinnacle West Capital's major shareholders?
Pinnacle West Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.71%), Boston Partners (3.21%), American Century Companies Inc. (2.43%), Barrow Hanley Mewhinney & Strauss LLC (2.25%), Millennium Management LLC (1.66%) and Wedge Capital Management L L P NC (1.54%). Company insiders that own Pinnacle West Capital stock include Barbara M Gomez, Daniel T Froetscher, David P Falck, Denis A Cortese, Donald E Brandt, James R Hatfield, John S Hatfield, Kathryn L Munro, Michael L Gallagher and Robert S Bement. View Institutional Ownership Trends for Pinnacle West Capital.
Which major investors are selling Pinnacle West Capital stock?
PNW stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Franklin Resources Inc., Lord Abbett & CO. LLC, California Public Employees Retirement System, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Ontario Teachers Pension Plan Board and Swiss National Bank. Company insiders that have sold Pinnacle West Capital company stock in the last year include Daniel T Froetscher, David P Falck, Donald E Brandt, John S Hatfield, Kathryn L Munro and Michael L Gallagher. View Insider Buying and Selling for Pinnacle West Capital.
Which major investors are buying Pinnacle West Capital stock?
PNW stock was bought by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, BlackRock Inc., Epoch Investment Partners Inc., Monarch Partners Asset Management LLC, JPMorgan Chase & Co., Forsta AP Fonden, Boston Partners and Guggenheim Capital LLC. View Insider Buying and Selling for Pinnacle West Capital.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Pinnacle West Capital's stock price today?
One share of PNW stock can currently be purchased for approximately $78.02.
How big of a company is Pinnacle West Capital?
Pinnacle West Capital has a market capitalization of $8.59 billion and generates $3.57 billion in revenue each year. The utilities provider earns $488.45 million in net income (profit) each year or $4.35 on an earnings per share basis. Pinnacle West Capital employs 6,292 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, 85004. The utilities provider can be reached via phone at 602-250-1000 or via email at [email protected]
MarketBeat Community Rating for Pinnacle West Capital (PNW)
MarketBeat's community ratings are surveys of what our community members think about Pinnacle West Capital and other stocks. Vote "Outperform" if you believe PNW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PNW will underperform the S&P 500 over the long term. You may vote once every thirty days.
Pinnacle West Capital (NYSE:PNW) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Pinnacle West Capital in the last 12 months. Their average twelve-month price target is $84.20, suggesting that the stock has a possible upside of 7.92%. The high price target for PNW is $89.00 and the low price target for PNW is $80.00. There are currently 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.18 | 2.00 | 1.91 | 1.90 |
| Ratings Breakdown: | 0 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
10 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $84.20 | $84.50 | $84.50 | $85.3333 |
| Price Target Upside: | 7.92% upside | 7.10% upside | 5.43% upside | 4.42% downside |
Pinnacle West Capital (NYSE:PNW) Consensus Price Target History
Pinnacle West Capital (NYSE:PNW) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Pinnacle West Capital (NYSE:PNW) Dividend Information
Pinnacle West Capital pays an annual dividend of $2.78 per share, with a dividend yield of 3.56%. PNW's next quarterly dividend payment will be made on Friday, June 1. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 5.00% each year. Pinnacle West Capital pays out 63.91% of its earnings out as a dividend.
| Next Dividend: | 6/1/2018 |
| Annual Dividend: | $2.78 |
| Dividend Yield: | 3.56% |
| Dividend Growth: | 5.00% (3 Year Average) |
| Payout Ratio(s): | 63.91% (Trailing 12 Months of Earnings)
62.47% (Based on This Year's Estimates)
59.02% (Based on Next Year's Estimates)
28.15% (Based on Cash Flow)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Pinnacle West Capital (NYSE:PNW) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/18/2018 | quarterly | $0.6950 | 3.51% | 4/30/2018 | 5/1/2018 | 6/1/2018 |
| 12/20/2017 | quarterly | $0.6950 | 3.26% | 1/31/2018 | 2/1/2018 | 3/1/2018 |
| 10/18/2017 | quarterly | $0.6950 | 3.14% | 10/31/2017 | 11/1/2017 | 12/1/2017 |
| 6/21/2017 | quarterly | $0.6550 | 2.97% | 7/28/2017 | 8/1/2017 | 9/1/2017 |
| 4/19/2017 | quarterly | $0.6550 | 3.07% | 4/27/2017 | 5/1/2017 | 6/1/2017 |
| 12/21/2016 | quarterly | $0.6550 | 3.38% | 1/30/2017 | 2/1/2017 | 3/1/2017 |
| 10/20/2016 | quarterly | $0.12 | 3.54% | 10/28/2016 | 11/1/2016 | 12/1/2016 |
| 6/22/2016 | quarterly | $0.6250 | 3.23% | 7/28/2016 | 8/1/2016 | 9/1/2016 |
| 4/20/2016 | quarterly | $0.6250 | 3.52% | 4/28/2016 | 5/2/2016 | 6/1/2016 |
| 12/16/2015 | quarterly | $0.6250 | 3.93% | 1/28/2016 | 2/1/2016 | 3/1/2016 |
| 10/21/2015 | quarterly | $0.6250 | 3.75% | 10/29/2015 | 11/2/2015 | 12/1/2015 |
| 6/17/2015 | quarterly | $0.5950 | 4.1% | 7/30/2015 | 8/3/2015 | 9/1/2015 |
| 4/22/2015 | quarterly | $0.5950 | 3.73% | 4/30/2015 | 5/4/2015 | 6/1/2015 |
| 12/17/2014 | quarterly | $0.5950 | 3.54% | 1/29/2015 | 2/2/2015 | 3/2/2015 |
| 10/23/2014 | quarterly | $0.5950 | 4.02% | 10/30/2014 | 11/3/2014 | 12/1/2014 |
| 6/18/2014 | quarterly | $0.5675 | 4.01% | 7/30/2014 | 8/1/2014 | 9/2/2014 |
| 4/23/2014 | quarterly | $0.5675 | 4.04% | 5/1/2014 | 5/5/2014 | 6/2/2014 |
| 12/18/2013 | quarterly | $0.5675 | 4.27% | 1/30/2014 | 2/3/2014 | 3/3/2014 |
| 10/23/2013 | quarterly | $0.5675 | 3.93% | 10/30/2013 | 11/1/2013 | 12/2/2013 |
| 6/19/2013 | quarterly | $0.5450 | 4.17% | 7/30/2013 | 8/1/2013 | 9/3/2013 |
| 4/17/2013 | quarterly | $0.5450 | 3.72% | 4/29/2013 | 5/1/2013 | 6/3/2013 |
| 12/19/2012 | quarterly | $0.5450 | 4.17% | 1/30/2013 | 2/1/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Pinnacle West Capital (NYSE PNW) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.53%
Institutional Ownership Percentage: 82.51%
Pinnacle West Capital (NYSE PNW) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | John S Hatfield | VP | Sell | 2,145 | $76.14 | $163,320.30 | 1,443 |  |
| 3/7/2018 | Kathryn L Munro | Director | Sell | 2,666 | $75.36 | $200,909.76 | 15,630 | |
| 3/1/2018 | Donald E Brandt | CEO | Sell | 39,083 | $77.23 | $3,018,380.09 | 88,741 | |
| 1/19/2018 | Donald E Brandt | Chairman | Sell | 24,216 | $79.21 | $1,918,149.36 | 94,358 | |
| 12/14/2017 | David P Falck | EVP | Sell | 4,500 | $89.07 | $400,815.00 | 40,838 | |
| 11/9/2017 | Donald E Brandt | CEO | Sell | 18,153 | $89.54 | $1,625,419.62 | 118,574 | |
| 11/9/2017 | Michael L Gallagher | Director | Sell | 2,012 | $89.37 | $179,812.44 | 12,786 | |
| 8/25/2017 | Kathryn L Munro | Director | Sell | 1,806 | $90.28 | $163,045.68 | 17,852 | |
| 8/24/2017 | David P Falck | EVP | Sell | 4,600 | $89.98 | $413,908.00 | 42,840 | |
| 8/23/2017 | Donald E Brandt | Chairman | Sell | 35,013 | $89.57 | $3,136,114.41 | 118,574 | |
| 5/26/2017 | Daniel T Froetscher | SVP | Sell | 2,800 | $87.31 | $244,468.00 | 8,568 | |
| 5/16/2017 | Barbara M Gomez | SVP | Sell | 1,900 | $84.00 | $159,600.00 | | |
| 5/11/2017 | Denis A Cortese | Director | Sell | 1,776 | $83.85 | $148,917.60 | | |
| 5/5/2017 | Donald E Brandt | Chairman | Sell | 52,134 | $84.70 | $4,415,749.80 | 153,587 | |
| 5/5/2017 | John S Hatfield | VP | Sell | 2,265 | $84.63 | $191,686.95 | 2,145 | |
| 5/4/2017 | James R Hatfield | CFO | Sell | 10,000 | $84.35 | $843,500.00 | | |
| 12/13/2016 | Donald E Brandt | Chairman | Sell | 50,000 | $77.12 | $3,856,000.00 | 189,659 | |
| 12/12/2016 | David P Falck | EVP | Sell | 5,331 | $76.68 | $408,781.08 | 41,798 | |
| 12/12/2016 | Donald E Brandt | CEO | Sell | 30,735 | $76.79 | $2,360,140.65 | 189,659 | |
| 12/5/2016 | Michael L Gallagher | Director | Sell | 5,000 | $73.41 | $367,050.00 | 19,798 | |
| 9/12/2016 | John S Hatfield | VP | Sell | 4,523 | $75.27 | $340,446.21 | 2,265 | |
| 6/8/2016 | Robert S Bement | SVP | Sell | 4,300 | $75.75 | $325,725.00 | | |
| 5/13/2016 | Randall K Edington | EVP | Sell | 5,500 | $73.99 | $406,945.00 | 9,747 | |
| 5/11/2016 | Randall K Edington | EVP | Sell | 6,500 | $73.69 | $478,985.00 | 9,747 | |
| 5/6/2016 | Denis A Cortese | Director | Sell | 2,000 | $72.87 | $145,740.00 | | |
| 3/2/2016 | Daniel T Froetscher | SVP | Sell | 1,805 | $68.30 | $123,281.50 | 8,150 | |
| 12/7/2015 | David P Falck | EVP | Sell | 6,423 | $62.82 | $403,492.86 | 40,244 | |
| 11/18/2015 | Mark A Schiavoni | COO | Sell | 4,339 | $61.70 | $267,716.30 | 21,705 | |
| 6/9/2015 | Robert S Bement | SVP | Sell | 5,000 | $56.82 | $284,100.00 | | |
| 3/10/2015 | Patrick Dinkel | VP | Sell | 4,195 | $62.39 | $261,726.05 | | |
| 12/10/2014 | John S Hatfield | VP | Sell | 2,554 | $65.38 | $166,980.52 | | |
| 12/4/2014 | Mark A Schiavoni | COO | Sell | 5,000 | $65.44 | $327,200.00 | | |
| 12/2/2014 | David P Falck | EVP | Sell | 6,450 | $64.67 | $417,121.50 | | |
| 11/21/2014 | Jeffrey B Guldner | SVP | Sell | 2,332 | $62.43 | $145,586.76 | | |
| 11/12/2014 | Daniel T Froetscher | SVP | Sell | 2,000 | $61.85 | $123,700.00 | | |
| 12/31/2013 | Daniel Froetscher | VP | Sell | 3,000 | $52.83 | $158,490.00 | 5,364 | |
| 12/31/2013 | David Falck | EVP | Sell | 7,500 | $52.92 | $396,900.00 | 33,678 | |
| 5/20/2013 | Daniel T Froetscher | VP | Sell | 2,000 | $60.18 | $120,360.00 | | |
| 5/16/2013 | Tammy D Mcleod | VP | Sell | 4,000 | $60.00 | $240,000.00 | | |
| 11/23/2012 | Daniel T Froetscher | VP | Sell | 2,000 | $49.16 | $98,320.00 | | |
| 9/4/2012 | David P Falck | EVP | Sell | 1,549 | $52.20 | $80,857.80 | | |
(Data available from 1/1/2013 forward)
Pinnacle West Capital (NYSE PNW) News Headlines
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Pinnacle West Capital (NYSE:PNW) SEC Filings
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Pinnacle West Capital (NYSE:PNW) Income Statement, Balance Sheet and Cash Flow Statement
Pinnacle West Capital (NYSE PNW) Stock Chart for Thursday, May, 24, 2018
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