Pinnacle West Capital - PNW Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 6 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.
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11 brokers have issued 12 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 $71.42 in the next year. This suggests that the stock has a possible downside of 8.3%.
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Pinnacle West Capital's stock was trading at $70.59 at the beginning of 2022. Since then, PNW stock has increased by 10.3% and is now trading at $77.87.
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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 trading volume of 773,200 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.5% of the company's shares are short sold.
View Pinnacle West Capital's Short Interest.

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

Pinnacle West Capital Co. (NYSE:PNW) issued its quarterly 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 earned $1.06 billion during the quarter, compared to analyst estimates of $974.60 million. Pinnacle West Capital had a trailing twelve-month return on equity of 9.04% and a net margin of 13.88%. Pinnacle West Capital's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share.
Read the conference call transcript.

Pinnacle West Capital declared a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Monday, August 1st will be paid a dividend of $0.85 per share on Thursday, September 1st. This represents a $3.40 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for PNW.

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.40 per share and currently has a dividend yield of 4.36%. 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.

Pinnacle West Capital updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $3.90-$4.10 for the period, compared to the consensus EPS estimate of $4.02. 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 institutional and retail investors. Top institutional investors include Lazard Asset Management LLC (9.03%), State Street Corp (6.69%), Franklin Resources Inc. (2.51%), Massachusetts Financial Services Co. MA (2.35%), Mitsubishi UFJ Trust & Banking Corp (1.95%) and Envestnet Asset Management Inc. (0.98%). Insiders that own company stock include Barbara D Lockwood, Barbara D Lockwood, Daniel T Froetscher, James R Hatfield and Lee R Nickloy.
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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 $77.87.

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.80 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.

The company employs 5,872 workers across the globe.

Pinnacle West Capital was founded in 1894.

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.