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Pinnacle West Capital - PNW Stock Forecast, Price & News

$75.34
-2.06 (-2.66%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$75.33
$77.34
50-Day Range
$72.12
$79.62
52-Week Range
$59.03
$80.60
Volume
888,082 shs
Average Volume
1.01 million shs
Market Capitalization
$8.53 billion
P/E Ratio
17.64
Dividend Yield
4.59%
Price Target
$74.18

Pinnacle West Capital MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
2.1% Downside
$73.73 Price Target
Short Interest
Healthy
1.82% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.41
Upright™ Environmental Score
News Sentiment
0.34mentions of Pinnacle West Capital in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.91%
From $4.09 to $4.70 Per Share

Overall MarketRank

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

2.00 out of 5 stars

Utilities Sector

63rd out of 85 stocks

Electric Services Industry

31st out of 40 stocks


PNW stock logo

About Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co. The company was founded on February 20, 1985, and is headquartered in Phoenix, AZ.

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PNW Stock News Headlines

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Earnings Outlook For Pinnacle West Capital
What Awaits Pinnacle West Capital (PNW) in Q4 Earnings?
PPL (PPL) Matches Q4 Earnings Estimates
Duke Energy (DUK) Beats Q4 Earnings and Revenue Estimates
See More Headlines
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PNW Company Calendar

Ex-Dividend for 3/1 Dividend
1/31/2023
Last Earnings
2/27/2023
Dividend Payable
3/01/2023
Today
3/22/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
72348410
Employees
5,861
Year Founded
1894

Price Target and Rating

Average Stock Price Forecast
$73.73
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
-1.8%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$483.60 million
Pretax Margin
13.31%

Debt

Sales & Book Value

Annual Sales
$4.32 billion
Cash Flow
$13.06 per share
Book Value
$54.44 per share

Miscellaneous

Free Float
112,825,000
Market Cap
$8.55 billion
Optionable
Optionable
Beta
0.44

Social Links


Key Executives

  • Jeffrey B. Guldner
    Chairman, President & Chief Executive Officer
  • Andrew Cooper
    Chief Financial Officer & Senior Vice President
  • Robert E. Smith
    Chief Development Officer, EVP & General Counsel
  • Elizabeth A. Blankenship
    Chief Accounting Officer, VP & Controller
  • Robert S. Aiken
    Vice President-Federal Affairs













PNW Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 3 sell ratings, 6 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 2023?

10 brokers 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 anticipate the company's stock price to reach $73.73 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
View analysts price targets for PNW
or view top-rated stocks among Wall Street analysts.

How have PNW shares performed in 2023?

Pinnacle West Capital's stock was trading at $76.04 at the beginning of the year. Since then, PNW stock has decreased by 0.9% and is now trading at $75.34.
View the best growth stocks for 2023 here
.

Are investors shorting Pinnacle West Capital?

Pinnacle West Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,060,000 shares, an increase of 34.6% from the February 13th total of 1,530,000 shares. Based on an average daily trading volume, of 963,500 shares, the short-interest ratio is currently 2.1 days.
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 Wednesday, May 3rd 2023.
View our PNW earnings forecast
.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) announced its quarterly earnings data on Monday, February, 27th. The utilities provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.03. The utilities provider had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $638.28 million. Pinnacle West Capital had a net margin of 11.18% and a trailing twelve-month return on equity of 7.87%. Pinnacle West Capital's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 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 declared a quarterly dividend on Wednesday, December 14th. Investors of record on Wednesday, February 1st will be paid a dividend of $0.865 per share on Wednesday, March 1st. This represents a $3.46 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Tuesday, January 31st.
Read our dividend analysis for PNW
.

Is Pinnacle West Capital a good dividend stock?

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.46 per share and currently has a dividend yield of 4.35%. 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 81.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PNW will have a dividend payout ratio of 73.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNW.

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

Pinnacle West Capital issued an update on its FY 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share (EPS) guidance of $3.95-$4.15 for the period, compared to the consensus earnings per share estimate of $4.14. 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 a variety of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (6.22%), Barrow Hanley Mewhinney & Strauss LLC (4.86%), Geode Capital Management LLC (2.44%), American Century Companies Inc. (2.28%), Envestnet Asset Management Inc. (1.34%) and Franklin Resources Inc. (1.26%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield and Kathryn L Munro.
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 $75.34.

How much money does Pinnacle West Capital make?

Pinnacle West Capital (NYSE:PNW) has a market capitalization of $8.53 billion and generates $4.32 billion in revenue each year. The utilities provider earns $483.60 million in net income (profit) each year or $4.27 on an earnings per share basis.

How many employees does Pinnacle West Capital have?

The company employs 5,861 workers across the globe.

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 3/22/2023 by MarketBeat.com Staff