Pinnacle West Capital (PNW) Scheduled to Post Quarterly Earnings on Thursday

Pinnacle West Capital (NYSE:PNW) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Pinnacle West Capital to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pinnacle West Capital Trading Up 0.1 %

Shares of Pinnacle West Capital stock opened at $74.54 on Thursday. The company’s fifty day simple moving average is $71.64 and its 200-day simple moving average is $72.13. The stock has a market capitalization of $8.46 billion, a PE ratio of 16.90, a P/E/G ratio of 2.09 and a beta of 0.49. Pinnacle West Capital has a 1-year low of $65.20 and a 1-year high of $86.03. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.67 and a quick ratio of 0.50.

Pinnacle West Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 1st will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, April 30th. Pinnacle West Capital’s dividend payout ratio (DPR) is 79.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PNW. Mizuho lowered their target price on shares of Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Morgan Stanley lifted their target price on shares of Pinnacle West Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Wells Fargo & Company lowered their target price on shares of Pinnacle West Capital from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. LADENBURG THALM/SH SH began coverage on shares of Pinnacle West Capital in a research note on Wednesday, February 14th. They set a “neutral” rating and a $69.00 target price on the stock. Finally, Evercore ISI lowered their target price on shares of Pinnacle West Capital from $76.00 to $69.00 and set an “in-line” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.00.

About Pinnacle West Capital

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.