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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:PNW

Pinnacle West Capital Stock Forecast, Price & News

$71.75
+1.79 (+2.56%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$70.08
$72.24
50-Day Range
$65.92
$78.72
52-Week Range
$62.78
$86.87
Volume
1.05 million shs
Average Volume
809,259 shs
Market Capitalization
$8.11 billion
P/E Ratio
13.54
Dividend Yield
4.86%
Price Target
$73.18
30 days | 90 days | 365 days | Advanced Chart

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PNW Stock Forecast (MarketRank)

Overall MarketRank

2.66 out of 5 stars

Utilities Sector

33rd out of 120 stocks

Electric Services Industry

12th out of 56 stocks

Analyst Opinion: 1.8Community Rank: 2.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Pinnacle West Capital logo

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. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

PNW Stock News Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
72348410
Employees
5,872
Year Founded
1894

Company Calendar

Ex-Dividend for 6/1 Dividend
4/29/2022
Last Earnings
5/04/2022
Dividend Payable
6/01/2022
Today
6/24/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$73.18
High Stock Price Forecast
$84.48
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+2.0%
Consensus Rating
Hold
Rating Score (0-4)
1.61538461538462
Research Coverage
13 Analysts

Profitability

Net Income
$618.72 million
Pretax Margin
18.90%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Cash Flow
$12.88 per share
Book Value
$53.39 per share

Miscellaneous

Free Float
112,651,000
Market Cap
$8.11 billion
Optionable
Optionable
Beta
0.31

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Pinnacle West Capital Frequently Asked Questions

Should I buy or sell Pinnacle West Capital stock right now?

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.
View analyst ratings for Pinnacle West Capital
or view top-rated stocks.

What is Pinnacle West Capital's stock price forecast for 2022?

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.
View analysts' price targets for Pinnacle West Capital
or view top-rated stocks among Wall Street analysts.

How has Pinnacle West Capital's stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Pinnacle West Capital's next earnings date?

Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Pinnacle West Capital
.

How were Pinnacle West Capital's earnings last quarter?

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
.

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, 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.
View Pinnacle West Capital's dividend history
.

Is Pinnacle West Capital a good dividend stock?

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.
View Pinnacle West Capital's dividend history.

What guidance has Pinnacle West Capital issued on next quarter's earnings?

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 -.

Who are Pinnacle West Capital's key executives?

Pinnacle West Capital's management team includes the following people:
  • Mr. Jeffrey B. Guldner, Chairman, Pres & CEO (Age 56, Pay $2.92M)
  • Mr. Robert E. Smith, Exec. VP, Gen. Counsel & Chief Devel. Officer (Age 52, Pay $1.28M)
  • Ms. Maria L. Lacal, Exec. VP & Advisor to the Chief Exec. Officer - Arizona Public Service Company (Age 61, Pay $1.43M)
  • Mr. Theodore N. Geisler, Pres of Arizona Public Service Company (Age 43, Pay $926.25k)
  • Mr. Andrew D. Cooper, Sr. VP & CFO (Age 43)
  • Ms. Elizabeth A. Blankenship, VP, Controller & Chief Accounting Officer (Age 50)
  • Amanda Ho, Director of Investor Relations
  • Mr. John J. Cadogan, Sr. VP of Site Ops, Palo Verde Nuclear Generating Station - Arizona Public Service Co.
  • Mr. Adam C. Heflin, EVP & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company (Age 57)
  • Mr. Paul J. Mountain, VP of Fin. & Treasurer

What is Don Brandt's approval rating as Pinnacle West Capital's CEO?

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.

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 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.
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 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.
View insider buying and selling activity for Pinnacle West Capital
or view top insider-selling stocks.

Which major investors are buying Pinnacle West Capital stock?

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.
View insider buying and selling activity for Pinnacle West Capital
or or view top insider-buying stocks.

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 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 $71.75.

How much money does Pinnacle West Capital make?

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.

How many employees does Pinnacle West Capital have?

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

When was Pinnacle West Capital founded?

Pinnacle West Capital was founded in 1894.

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 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.

This page (NYSE:PNW) was last updated on 6/25/2022 by MarketBeat.com Staff

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