NYSE:PNWPinnacle West Capital Stock Price, Forecast & News

Pinnacle West Capital's stock was trading at $89.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PNW shares have decreased by 17.0% and is now trading at $74.34. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last year. There are currently 1 sell rating, 8 hold ratings and 4 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) posted its quarterly earnings data on Friday, May, 8th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks' 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%. Pinnacle West Capital's revenue was down 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. View Pinnacle West Capital's earnings history.

Pinnacle West Capital announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 4th will be paid a dividend of $0.7825 per share on Monday, June 1st. This represents a $3.13 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Friday, May 1st. 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 earnings per share (EPS) guidance of 4.75-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.81.

13 brokers have issued 1 year target prices for Pinnacle West Capital's stock. Their forecasts range from $73.00 to $102.00. On average, they expect Pinnacle West Capital's stock price to reach $89.70 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View analysts' price targets for Pinnacle West Capital.

News headlines about PNW stock have been trending extremely negative recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing 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 positive five, with scores closest to five being the most favorable. Pinnacle West Capital earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutPinnacle West Capital.

Pinnacle West Capital saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,850,000 shares, a decline of 18.5% from the April 30th total of 2,270,000 shares. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.7% 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.72%), State Street Corp (5.90%), Invesco Ltd. (2.62%), AQR Capital Management LLC (2.37%), Zimmer Partners LP (2.14%) and Geode Capital Management LLC (1.70%). 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, Mark A Schiavoni, 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 AQR Capital Management LLC, Wells Fargo & Company MN, Deutsche Bank AG, Janus Henderson Group PLC, APG Asset Management N.V., UBS Group AG, BlackRock Inc., and JPMorgan Chase & Co.. 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 bought by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Invesco Ltd., AMF Pensionsforsakring AB, Banco Santander S.A., Massachusetts Financial Services Co. MA, Swiss National Bank, State Street Corp, and Unigestion Holding SA. 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 $74.34.

Pinnacle West Capital has a market capitalization of $8.36 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]