Pinnacle West Capital - PNW Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNW shares. 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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10 brokers have issued 1 year price targets for Pinnacle West Capital's shares. Their PNW share price forecasts range from $56.00 to $91.00. On average, they anticipate the company's stock price to reach $73.73 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
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Pinnacle West Capital's stock was trading at $76.04 at the beginning of the year. Since then, PNW stock has decreased by 0.9% and is now trading at $75.34.
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Pinnacle West Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,060,000 shares, an increase of 34.6% from the February 13th total of 1,530,000 shares. Based on an average daily trading volume, of 963,500 shares, the short-interest ratio is currently 2.1 days.
View Pinnacle West Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PNW earnings forecast.

Pinnacle West Capital Co. (NYSE:PNW) announced its quarterly earnings data on Monday, February, 27th. The utilities provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.03. The utilities provider had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $638.28 million. Pinnacle West Capital had a net margin of 11.18% and a trailing twelve-month return on equity of 7.87%. Pinnacle West Capital's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS.
Read the conference call transcript.

Pinnacle West Capital declared a quarterly dividend on Wednesday, December 14th. Investors of record on Wednesday, February 1st will be paid a dividend of $0.865 per share on Wednesday, March 1st. This represents a $3.46 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Tuesday, January 31st.
Read our dividend analysis for PNW.

ETFs with the largest weight of Pinnacle West Capital (NYSE:PNW) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco DWA Utilities Momentum ETF (PUI), Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), ALPS Sector Dividend Dogs ETF (SDOG), KFA Value Line Dynamic Core Equity Index ETF (KVLE) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.46 per share and currently has a dividend yield of 4.35%. PNW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 81.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNW will have a dividend payout ratio of 73.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNW.

Pinnacle West Capital issued an update on its FY 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share (EPS) guidance of $3.95-$4.15 for the period, compared to the consensus earnings per share estimate of $4.14. The company issued revenue guidance of -.

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

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 a variety of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (6.22%), Barrow Hanley Mewhinney & Strauss LLC (4.86%), Geode Capital Management LLC (2.44%), American Century Companies Inc. (2.28%), Envestnet Asset Management Inc. (1.34%) and Franklin Resources Inc. (1.26%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield and Kathryn L Munro.
View institutional ownership trends.

Shares of PNW stock 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 $75.34.

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.53 billion and generates $4.32 billion in revenue each year. The utilities provider earns $483.60 million in net income (profit) each year or $4.27 on an earnings per share basis.

The company employs 5,861 workers across the globe.

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