Pinnacle West Capital - PNW Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 4 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street 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 analysts 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 expect the company's stock price to reach $74.18 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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Pinnacle West Capital's stock was trading at $76.04 on January 1st, 2023. Since then, PNW stock has decreased by 0.2% and is now trading at $75.88.
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Pinnacle West Capital saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,340,000 shares, an increase of 29.3% from the December 31st total of 1,810,000 shares. Based on an average daily trading volume, of 897,900 shares, the short-interest ratio is currently 2.6 days.
View Pinnacle West Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our PNW earnings forecast.

Pinnacle West Capital will be holding an earnings conference call on Monday, February 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "47401".

Pinnacle West Capital Co. (NYSE:PNW) posted its quarterly earnings results on Friday, November, 5th. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.22. The utilities provider earned $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. Pinnacle West Capital had a net margin of 13.01% and a trailing twelve-month return on equity of 8.75%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.07 EPS.
Read the conference call transcript.

Pinnacle West Capital announced a quarterly dividend on Wednesday, December 14th. Stockholders of record on Wednesday, February 1st will be given a dividend of $0.865 per share on Wednesday, March 1st. This represents a $3.46 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Tuesday, January 31st.
Read our dividend analysis for PNW.

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.46 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 73.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PNW will have a dividend payout ratio of 83.98% 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 issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $4.20-$4.35 for the period, compared to the consensus estimate of $4.03. 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 many different institutional and retail investors. Top institutional investors include Newport Trust Co (0.67%), Wedge Capital Management L L P NC (0.22%), Bank of Montreal Can (0.19%), New York State Teachers Retirement System (0.13%), PATRIZIA Pty Ltd (0.13%) and MUFG Securities EMEA plc (0.12%). Insiders that own company stock include Barbara D Lockwood, Daniel T Froetscher, James R Hatfield, Kathryn L Munro 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 $75.88.

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.59 billion and generates $3.80 billion in revenue each year. The utilities provider earns $618.72 million in net income (profit) each year or $4.72 on an earnings per share basis.

The company employs 5,872 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.