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

Company Overview

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.

Key Stats

• Today's Range: $90.54 to $91.80
• 50-Day Range: $85.52 to $91.91
• 52-Week Range: $65.20 to $93.12
• Volume: 867,469 shs
• Average Volume: 1.17 million shs
• Market Capitalization: $10.44 billion
• P/E Ratio: 17.38
• Dividend Yield: 3.90%
• Price Target: $82.04
• Consensus Rating: Hold

Pinnacle West Capital Stock Analysis - MarketRank™

Pinnacle West Capital scored higher than 73% of companies evaluated by MarketBeat, and ranked 45th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Pinnacle West Capital has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 5 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Pinnacle West Capital has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -13.46%

Earnings Growth

Earnings for Pinnacle West Capital are expected to decrease by -13.46% in the coming year, from $5.20 to $4.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pinnacle West Capital is 17.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pinnacle West Capital is 17.38, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.93.

Price to Earnings Growth Ratio

Pinnacle West Capital has a PEG Ratio of 2.15. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Pinnacle West Capital has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.91% of the outstanding shares of Pinnacle West Capital have been sold short.

Short Interest Ratio / Days to Cover

Pinnacle West Capital has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pinnacle West Capital has recently increased by 8.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Pinnacle West Capital is a leading dividend payer. It pays a dividend yield of 3.90%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Pinnacle West Capital has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Pinnacle West Capital is 67.80%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, Pinnacle West Capital will have a dividend payout ratio of 79.56% in the coming year. This indicates that Pinnacle West Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 1.5 / 5
• Environmental Score: -5.54

Percentage of Shares Shorted

2.91% of the outstanding shares of Pinnacle West Capital have been sold short.

Short Interest Ratio / Days to Cover

Pinnacle West Capital has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pinnacle West Capital has recently increased by 8.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.54

News Sentiment

Pinnacle West Capital has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Pinnacle West Capital this week, compared to 6 articles on an average week.

Search Interest

6 people have searched for PNW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Pinnacle West Capital to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Pinnacle West Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.23% of the stock of Pinnacle West Capital is held by insiders.

Percentage Held by Institutions

91.51% of the stock of Pinnacle West Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PNW Stock Analysis - Frequently Asked Questions

How have PNW shares performed this year?

Pinnacle West Capital's stock was trading at $71.84 on January 1st, 2024. Since then, PNW shares have increased by 27.8% and is now trading at $91.79.
View the best growth stocks for 2024 here.

How were Pinnacle West Capital's earnings last quarter?

Pinnacle West Capital Co. (NYSE:PNW) released its quarterly earnings data on Thursday, August, 1st. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.45. The firm's quarterly revenue was up 15.7% on a year-over-year basis.
Read the conference call transcript.

Who are Pinnacle West Capital's major shareholders?

Top institutional investors of Pinnacle West Capital include State Street Corp (5.63%), Zimmer Partners LP (2.55%), Massachusetts Financial Services Co. MA (2.38%) and Geode Capital Management LLC (2.35%). Insiders that own company stock include Kathryn L Munro, Robert Edgar Smith, Susan T Flanagan, Theodore N Geisler and Barbara D Lockwood.
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.

What other stocks do shareholders of Pinnacle West Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pinnacle West Capital investors own include Chevron (CVX), NVIDIA (NVDA), Verizon Communications (VZ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Meta Platforms (META) and AbbVie (ABBV).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 9/3 Dividend: 8/01/2024
• Dividend Payable: 9/03/2024
• Ex-Dividend for 12/2 Dividend: 11/04/2024
• Today: 11/20/2024
• Dividend Payable: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:PNW
• CUSIP: 72348410
• CIK: 764622
• Web: www.pinnaclewest.com
• Phone: (602) 250-1000
• Fax: 602-379-2625
• Employees: 6,133
• Year Founded: 1894

Price Target and Rating

• Average Stock Price Target: $82.04
• High Stock Price Target: $104.00
• Low Stock Price Target: $69.00
• Potential Upside/Downside: -10.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.42
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.28
• Trailing P/E Ratio: 17.38
• Forward P/E Ratio: 17.65
• P/E Growth: 2.15
• Net Income: $501.56 million
• Net Margins: 12.26%
• Pretax Margin: 14.86%
• Return on Equity: 9.60%
• Return on Assets: 2.43%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 0.71
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $5.02 billion
• Price / Sales: 2.08
• Cash Flow: $16.75 per share
• Price / Cash Flow: 5.48
• Book Value: $55.42 per share
• Price / Book: 1.66

Miscellaneous

• Outstanding Shares: 113,700,000
• Free Float: 113,438,000
• Market Cap: $10.44 billion
• Optionable: Optionable
• Beta: 0.52