NYSE:PNWPinnacle West Capital Stock Price, Forecast & News

Pinnacle West Capital's stock was trading at $89.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PNW shares have decreased by 15.1% and is now trading at $76.03. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pinnacle West Capital.

Pinnacle West Capital is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Pinnacle West Capital.

Pinnacle West Capital Co. (NYSE:PNW) issued its quarterly earnings data on Friday, May, 8th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.11. The utilities provider had revenue of $661.93 million for the quarter, compared to analysts' expectations of $749.63 million. Pinnacle West Capital had a return on equity of 9.92% and a net margin of 16.22%. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. View Pinnacle West Capital's earnings history.

Pinnacle West Capital announced a quarterly dividend on Wednesday, June 17th. Investors of record on Monday, August 3rd will be paid a dividend of $0.7825 per share on Tuesday, September 1st. This represents a $3.13 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, July 31st. View Pinnacle West Capital's dividend history.

Pinnacle West Capital updated its FY 2020 Pre-Market earnings guidance on Friday, May, 8th. The company provided EPS guidance of 4.75-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.81.

14 analysts have issued twelve-month price targets for Pinnacle West Capital's shares. Their forecasts range from $75.00 to $102.00. On average, they anticipate Pinnacle West Capital's stock price to reach $90.27 in the next year. This suggests a possible upside of 18.7% from the stock's current price. View analysts' price targets for Pinnacle West Capital.

News coverage about PNW stock has been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pinnacle West Capital earned a daily sentiment score of -1.7 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Pinnacle West Capital.

Pinnacle West Capital saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,290,000 shares, a decrease of 20.5% from the May 31st total of 2,880,000 shares. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the company's stock are short sold. View Pinnacle West Capital's Current Options Chain.

Some companies that are related to Pinnacle West Capital include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), PPL (PPL), Edison International (EIX), Entergy (ETR), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE) and Portland General Electric (POR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinnacle West Capital investors own include Verizon Communications (VZ), Intel (INTC), Spark Energy (SPKE), Exxon Mobil (XOM), IBM (IBM), Bank of America (BAC), Procter & Gamble (PG), Altria Group (MO), Netflix (NFLX) and NVIDIA (NVDA).

Pinnacle West Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNW."

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, Robinhood, Fidelity, and Charles Schwab.

One share of PNW stock can currently be purchased for approximately $76.03.

Pinnacle West Capital has a market capitalization of $8.55 billion and generates $3.47 billion in revenue each year. The utilities provider earns $538.32 million in net income (profit) each year or $4.77 on an earnings per share basis. Pinnacle West Capital employs 6,210 workers across the globe.

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

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]