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Pinnacle West Capital - PNW Stock Forecast, Price & News

$77.32
+1.62 (+2.14%)
(As of 08/12/2022 04:34 PM ET)
Add
Compare
Today's Range
$76.01
$77.34
50-Day Range
$65.92
$78.10
52-Week Range
$62.78
$81.25
Volume
643,332 shs
Average Volume
803,554 shs
Market Capitalization
$8.74 billion
P/E Ratio
15.98
Dividend Yield
4.49%
Price Target
$71.54

Pinnacle West Capital MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
7.5% Downside
$71.54 Price Target
Short Interest
Healthy
2.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.31
Upright™ Environmental Score
News Sentiment
0.20mentions of Pinnacle West Capital in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$259,058 Sold Last Quarter
Proj. Earnings Growth
5.54%
From $3.97 to $4.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Utilities Sector

65th out of 87 stocks

Electric Services Industry

30th out of 43 stocks

PNW stock logo

About Pinnacle West Capital (NYSE:PNW) Stock

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.

Pinnacle West Capital Stock Performance

PNW Stock traded up $1.62 on Friday, reaching $77.32. The company's stock had a trading volume of 643,332 shares, compared to its average volume of 803,554. Pinnacle West Capital has a 52 week low of $62.78 and a 52 week high of $81.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.69. The company has a market capitalization of $8.74 billion, a P/E ratio of 15.97 and a beta of 0.32. The firm has a fifty day moving average of $72.21 and a two-hundred day moving average of $73.33.

Pinnacle West Capital (NYSE:PNW - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.04. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $974.60 million. Pinnacle West Capital had a return on equity of 9.04% and a net margin of 13.88%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. As a group, analysts predict that Pinnacle West Capital will post 3.97 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 1st will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, July 29th. Pinnacle West Capital's dividend payout ratio (DPR) is presently 70.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PNW shares. UBS Group lowered their price target on shares of Pinnacle West Capital from $74.00 to $67.00 and set a "sell" rating for the company in a research report on Thursday, June 30th. KeyCorp lifted their price objective on shares of Pinnacle West Capital from $62.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 20th. Barclays reduced their price target on shares of Pinnacle West Capital from $78.00 to $68.00 and set an "underweight" rating for the company in a report on Monday, July 18th. Morgan Stanley upped their price objective on shares of Pinnacle West Capital from $70.00 to $71.00 and gave the company an "equal weight" rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group boosted their price objective on Pinnacle West Capital to $69.00 in a report on Tuesday. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.54.

Insiders Place Their Bets

In other Pinnacle West Capital news, SVP Barbara D. Lockwood sold 3,489 shares of the company's stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $74.25, for a total transaction of $259,058.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company's stock.

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PNW Stock News Headlines

Pinnacle West Capital (NYSE:PNW) PT Raised to $77.00 at Mizuho
Low-Risk Retirement Portfolio: Top 10 Stocks
7 Analysts Have This to Say About Pinnacle West Capital
Pinnacle West Capital Corp - Stock Dividends PNW
PNW Crosses Critical Technical Indicator
See More Headlines
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PNW Company Calendar

Ex-Dividend for 6/1 Dividend
4/29/2022
Dividend Payable
6/01/2022
Ex-Dividend for 9/1 Dividend
7/29/2022
Last Earnings
8/03/2022
Today
8/12/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$71.54
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
-7.5%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
12 Analysts

Profitability

Net Income
$618.72 million
Pretax Margin
16.82%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Cash Flow
$12.39 per share
Book Value
$53.27 per share

Miscellaneous

Free Float
112,694,000
Market Cap
$8.74 billion
Optionable
Optionable
Beta
0.32

Social Links


Key Executives

  • Mr. Jeffrey B. Guldner (Age 56)
    Chairman, Pres & CEO
    Comp: $2.92M
  • Mr. Robert E. Smith (Age 52)
    Exec. VP, Gen. Counsel & Chief Devel. Officer
    Comp: $1.28M
  • Ms. Maria L. Lacal (Age 61)
    Exec. VP & Advisor to the Chief Exec. Officer - Arizona Public Service Company
    Comp: $1.43M
  • Mr. Theodore N. Geisler (Age 43)
    Pres of Arizona Public Service Company
    Comp: $926.25k
  • Mr. Andrew D. Cooper (Age 43)
    Sr. VP & CFO
  • Ms. Elizabeth A. Blankenship (Age 50)
    VP, Controller & Chief Accounting Officer
  • 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 (Age 57)
    EVP & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company
  • Mr. Paul J. Mountain
    VP of Fin. & Treasurer













PNW Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 7 sell ratings, 4 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.
View PNW analyst ratings
or view top-rated stocks.

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

12 brokers have issued twelve-month price targets for Pinnacle West Capital's stock. Their PNW share price forecasts range from $58.00 to $80.00. On average, they predict the company's share price to reach $71.54 in the next year. This suggests that the stock has a possible downside of 7.2%.
View analysts price targets for PNW
or view top-rated stocks among Wall Street analysts.

How have PNW shares performed in 2022?

Pinnacle West Capital's stock was trading at $70.59 at the start of the year. Since then, PNW shares have increased by 9.2% and is now trading at $77.05.
View the best growth stocks for 2022 here
.

Are investors shorting Pinnacle West Capital?

Pinnacle West Capital saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,860,000 shares, an increase of 28.3% from the July 15th total of 2,230,000 shares. Based on an average daily trading volume, of 773,200 shares, the short-interest ratio is currently 3.7 days. Currently, 2.5% of the shares of the company are short sold.
View Pinnacle West Capital's Short Interest
.

When is Pinnacle West Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our PNW earnings forecast
.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) released its earnings results on Wednesday, August, 3rd. The utilities provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The utilities provider had revenue of $1.06 billion for the quarter, compared to analyst estimates of $974.60 million. Pinnacle West Capital had a net margin of 13.88% and a trailing twelve-month return on equity of 9.04%. Pinnacle West Capital's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS.
Read the conference call transcript
.

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. Investors 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 4.41%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for PNW
.

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 4.45%. 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 70.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PNW will have a dividend payout ratio of 81.15% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PNW.

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

Pinnacle West Capital updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $3.90-$4.10 for the period, compared to the consensus estimate of $4.02. The company issued revenue guidance of -.

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

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.

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 Lazard Asset Management LLC (9.03%), Franklin Resources Inc. (2.51%), Mitsubishi UFJ Trust & Banking Corp (1.95%), Envestnet Asset Management Inc. (0.98%), JPMorgan Chase & Co. (0.73%) and Personal Capital Advisors Corp (0.71%). Insiders that own company stock include Barbara D Lockwood, Barbara D Lockwood, Daniel T Froetscher, James R Hatfield and Lee R Nickloy.
View institutional ownership trends
.

How do I buy shares of Pinnacle West Capital?

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.
Compare Top Brokerages Here.

What is Pinnacle West Capital's stock price today?

One share of PNW stock can currently be purchased for approximately $77.05.

How much money does Pinnacle West Capital make?

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.71 billion and generates $3.80 billion in revenue each year. The utilities provider earns $618.72 million in net income (profit) each year or $4.84 on an earnings per share basis.

How many employees does Pinnacle West Capital have?

The company 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 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.

This page (NYSE:PNW) was last updated on 8/12/2022 by MarketBeat.com Staff

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