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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle West Capital in the last twelve months. There are currently 7 hold ratings and 4 buy 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 equities research analysts have issued twelve-month price objectives for Pinnacle West Capital's shares. Their PNW share price targets range from $61.00 to $80.00. On average, they expect the company's share price to reach $73.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
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Pinnacle West Capital's stock was trading at $71.84 at the beginning of the year. Since then, PNW shares have decreased by 0.9% and is now trading at $71.2050.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PNW earnings forecast.

Pinnacle West Capital will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50305".

Pinnacle West Capital Co. (NYSE:PNW) announced its earnings results on Thursday, August, 3rd. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by $0.25. The utilities provider earned $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Pinnacle West Capital had a net margin of 10.68% and a trailing twelve-month return on equity of 8.02%. Pinnacle West Capital's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS.
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Pinnacle West Capital announced a quarterly dividend on Wednesday, December 13th. Investors of record on Thursday, February 1st will be paid a dividend of $0.88 per share on Friday, March 1st. This represents a $3.52 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Wednesday, January 31st.
Read our dividend analysis for PNW.

Pinnacle West Capital (NYSE:PNW) pays an annual dividend of $3.52 per share and currently has a dividend yield of 4.87%. 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 79.82%. 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.

ETFs with the largest weight of Pinnacle West Capital (NYSE:PNW) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), First Trust Utilities AlphaDEX Fund (FXU), iShares Focused Value Factor ETF (FOVL), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and Acruence Active Hedge U.S. Equity ETF (XVOL).

Pinnacle West Capital issued an update on its FY24 earnings guidance on Tuesday, April, 9th. The company provided earnings per share (EPS) guidance of $4.60-4.80 for the period, compared to the consensus EPS estimate of $4.73.

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's stock is owned by a number of institutional and retail investors. Top institutional investors include Perpetual Ltd (0.26%), Keystone Financial Planning Inc. (0.07%), Gateway Investment Advisers LLC (0.05%), Butensky & Cohen Financial Security Inc. (0.05%), Wealth Enhancement Advisory Services LLC (0.02%) and MADDEN SECURITIES Corp (0.02%). Insiders that own company stock include Barbara D Lockwood, James R Hatfield, Kathryn L Munro, Robert Edgar Smith and Theodore N Geisler.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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