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NYSE:PNW

Pinnacle West Capital (PNW) Stock Price, News & Analysis

$76.43
+0.70 (+0.92%)
(As of 02:45 PM ET)
Today's Range
$75.76
$76.72
50-Day Range
$71.21
$78.62
52-Week Range
$65.20
$86.03
Volume
374,128 shs
Average Volume
1.20 million shs
Market Capitalization
$8.68 billion
P/E Ratio
16.65
Dividend Yield
4.61%
Price Target
$74.58

Pinnacle West Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
2.2% Downside
$74.58 Price Target
Short Interest
Healthy
3.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.44
Upright™ Environmental Score
News Sentiment
0.87mentions of Pinnacle West Capital in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.46%
From $4.76 to $5.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Utilities Sector

21st out of 90 stocks

Electric Services Industry

5th out of 41 stocks

PNW stock logo

About Pinnacle West Capital Stock (NYSE:PNW)

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains transmission and distribution substations; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

PNW Stock Price History

PNW Stock News Headlines

Pinnacle West Capital Corp.
Pinnacle West Capital Corporation (PNW)
Pinnacle West Capital declares $0.88 dividend
Pinnacle West Declares Quarterly Dividend
Barclays Keeps Their Buy Rating on Pinnacle West Capital (PNW)
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
1/31/2024
Dividend Payable
3/01/2024
Ex-Dividend for 6/3 Dividend
4/30/2024
Last Earnings
5/02/2024
Today
5/30/2024
Dividend Payable
6/03/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
72348410
Employees
6,133
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$74.58
High Stock Price Target
$81.00
Low Stock Price Target
$61.00
Potential Upside/Downside
-1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$501.56 million
Pretax Margin
13.15%

Debt

Sales & Book Value

Annual Sales
$4.70 billion
Cash Flow
$16.61 per share
Book Value
$55.57 per share

Miscellaneous

Free Float
113,298,000
Market Cap
$8.60 billion
Optionable
Optionable
Beta
0.48

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PNW Stock Analysis - Frequently Asked Questions

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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

12 Wall Street analysts have issued 1 year price targets for Pinnacle West Capital's stock. Their PNW share price targets range from $61.00 to $81.00. On average, they expect the company's share price to reach $74.58 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for PNW
or view top-rated stocks among Wall Street analysts.

How have PNW shares performed in 2024?

Pinnacle West Capital's stock was trading at $71.84 at the beginning of 2024. Since then, PNW shares have increased by 6.2% and is now trading at $76.26.
View the best growth stocks for 2024 here
.

When is Pinnacle West Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our PNW earnings forecast
.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) posted its earnings results on Thursday, May, 2nd. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.17. The utilities provider earned $951.71 million during the quarter, compared to analysts' expectations of $981.82 million. Pinnacle West Capital had a trailing twelve-month return on equity of 8.29% and a net margin of 11.09%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) 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 announced a quarterly dividend on Wednesday, April 17th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.88 per share on Monday, June 3rd. This represents a $3.52 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, April 30th.
Read our dividend analysis for PNW
.

Is Pinnacle West Capital a good dividend stock?

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.60%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 76.69%. 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 70.12% 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 FY24 earnings guidance on Thursday, May, 2nd. The company provided earnings per share guidance of $4.60-4.80 for the period, compared to the consensus earnings per share estimate of $4.74.

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).

Who are Pinnacle West Capital's major shareholders?

Pinnacle West Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.44%), Capital Research Global Investors (11.32%), Lazard Asset Management LLC (5.92%), Zimmer Partners LP (2.34%), Reaves W H & Co. Inc. (0.85%) and Captrust Financial Advisors (0.75%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield, Kathryn L Munro, Robert Edgar Smith and Theodore N Geisler.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PNW) was last updated on 5/30/2024 by MarketBeat.com Staff

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