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 reached pandemic status according to the World Health Organization. Since then, PNW stock has decreased by 10.8% and is now trading at $79.91. 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 6th 2020. View our earnings forecast for Pinnacle West Capital.

Pinnacle West Capital will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Pinnacle West Capital Co. (NYSE:PNW) issued its earnings results on Friday, May, 8th. The utilities provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.11. The utilities provider earned $661.93 million during the quarter, compared to analyst estimates of $749.63 million. Pinnacle West Capital had a net margin of 16.22% and a return on equity of 9.92%. The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the firm 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 3.92%. The ex-dividend date is Friday, July 31st. View Pinnacle West Capital's dividend history.

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

14 Wall Street analysts have issued 12-month price targets for Pinnacle West Capital's stock. Their forecasts range from $75.00 to $102.00. On average, they expect Pinnacle West Capital's stock price to reach $90.27 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for Pinnacle West Capital.

Media stories about PNW stock have trended positive recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Pinnacle West Capital earned a news impact score of 2.1 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news about Pinnacle West Capital.

Pinnacle West Capital saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,610,000 shares, an increase of 14.0% from the June 15th total of 2,290,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.3% of the company's stock are sold short. 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), Edison International (EIX), PPL (PPL), 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."

Pinnacle West Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%), Gateway Investment Advisers LLC (0.03%), Envestnet Asset Management Inc. (0.02%), City Holding Co. (0.02%), DNB Asset Management AS (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Pinnacle West Capital stock include Barbara D Lockwood, Bruce J Nordstrom, Daniel T Froetscher, Denis A Cortese, Denise R Danner, Donald E Brandt, Donna M Easterly, James R Hatfield, Jeffrey B Guldner, Lee R Nickloy, Michael L Gallagher and Robert S Bement. View institutional ownership trends for Pinnacle West Capital.

PNW stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, IFM Investors Pty Ltd, State of Alaska Department of Revenue, and Wedbush Securities Inc.. Company insiders that have sold Pinnacle West Capital company stock in the last year include Barbara D Lockwood, Daniel T Froetscher, James R Hatfield, and Lee R Nickloy. View insider buying and selling activity for Pinnacle West Capital.

PNW stock was purchased by a variety of institutional investors in the last quarter, including Cypress Capital Group, Envestnet Asset Management Inc., City Holding Co., DNB Asset Management AS, Global Retirement Partners LLC, and CHICAGO TRUST Co NA. View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PNW stock can currently be purchased for approximately $79.91.

Pinnacle West Capital has a market capitalization of $8.99 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]