Pinnacle West Capital Corporation (PNW)
| Market Cap | 10.44B |
| Revenue (ttm) | 5.02B |
| Net Income (ttm) | 615.61M |
| Shares Out | 113.70M |
| EPS (ttm) | 5.34 |
| PE Ratio | 17.19 |
| Forward PE | 20.76 |
| Dividend | $3.58 (3.90%) |
| Ex-Dividend Date | Nov 4, 2024 |
| Volume | 167,405 |
| Open | 92.70 |
| Previous Close | 92.42 |
| Day's Range | 91.80 - 92.99 |
| 52-Week Range | 65.20 - 95.42 |
| Beta | 0.54 |
| Analysts | Buy |
| Price Target | 81.71 (-11.0%) |
| Earnings Date | Nov 6, 2024 |
About 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 stor... [Read more]
Financial Performance
In 2023, Pinnacle West Capital's revenue was $4.70 billion, an increase of 8.59% compared to the previous year's $4.32 billion. Earnings were $501.56 million, an increase of 3.71%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for PNW stock is "Buy." The 12-month stock price forecast is $81.71, which is a decrease of -11.00% from the latest price.
News
ADDING and REPLACING APS Secures Its Largest-Ever Energy Supply to Reliably Serve Customers
PHOENIX--(BUSINESS WIRE)--Arizona Public Service has signed agreements to add its largest-ever energy supply and launches its 2024 All Source Request for Proposals.
Pinnacle West Capital Corporation (PNW) Q3 2024 Earnings Call Transcript
Pinnacle West Capital Corporation (NYSE:PNW) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Amanda Ho - IR Jeffrey Guldner - Chairman, President and CEO Andrew Coo...
Pinnacle West Reports Slightly Lower 2024 Third-Quarter Results Compared to a Year Ago
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital reports slightly lower 2024 third-quarter results compared to a year-ago.
16 Upcoming Dividend Increases
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are six...
Pinnacle West Declares Quarterly Dividend
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital's board voted today to raise the Company's dividend by about 1.7%, or 6 cents per common share annually.
U.S. Department of Energy Funds to Help Strengthen APS Smart Grid With New Technology
PHOENIX--(BUSINESS WIRE)--The U.S. Department of Energy announced it has awarded APS $70 million for smart grid resilience, reliability and wildfire mitigation projects.
Utilities: Why Pinnacle West Capital is a good buy
Today on Yahoo Finance's Good Buy or Goodbye, Host Julie Hyman is joined by Mizuho Americas managing director and senior analyst of utilities Anthony Crowdell to discuss the best and worst stock picks...
Pinnacle West Sets Date for 2024 Third-Quarter Financial Results, Webcast/Conference Call
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 third-quarter financial results before U.S. financial markets open on Wednesday, Nov. 6, 2024.
Bank of America Says These 5 Stocks Could Benefit from Rising Power Demand
Bank of America is predicting a big jump in electrical demand—with some power companies better-positioned to capitalize than others.
5 Recession-Resistant Stocks That Won't Weigh You Down In A Soft Landing
Opposition hedging, while common, can reduce returns as it hedges against the main portfolio direction. We prefer using companies with inherently resilient business models to reduce economic exposure....
Wait On Pinnacle West Capital For Lower Interest Rates
Pinnacle West Capital Corporation is a $9.8 billion market cap company offering a 4.1% dividend and a low 0.50 beta. The company owns the largest nuclear power generating station in the US, benefiting...
Pinnacle West Capital Corporation (PNW) Q2 2024 Earnings Call Transcript
Pinnacle West Capital Corporation (NYSE:PNW) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Amanda Ho - Investor Relations Jeffrey Guldner - Chairman of the Board, P...
Pinnacle West Reports Improved 2024 Second-Quarter Financial Results
PHOENIX--(BUSINESS WIRE)--New customer rates and record heat positively impact Pinnacle West's 2024 second-quarter financial results.
Pinnacle West Sets Date for 2024 Second-Quarter Financial Results, Webcast/Conference Call
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 second-quarter financial results before U.S. financial markets open on Thursday, Aug. 1, 2024.
Pinnacle West Appoints Three New Members to its Board of Directors
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced today that its board of directors has elected three new members to the company's board effective July 1, 2024.
Pinnacle West: Demand For Its Electricity Is Booming
Pinnacle West, the primary electric utility in Phoenix, is expected to benefit from the city's booming population and job growth. The company has a strong growth pipeline, with plans to invest in tran...
Pinnacle West: One Of The Best Utilities, But Fairly Valued
Pinnacle West Capital Corporation reported solid Q1 2024 earnings, beating consensus estimates. The company updated its earnings guidance for 2024. We examine the Pinnacle West Capital Corporation set...
Pinnacle West Upsizes and Prices Offering of $475 Million of 4.75% Convertible Senior Notes Due 2027
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced the upsizing and pricing of its offering of $475 million aggregate principal convertible senior notes due 2027.
Pinnacle West Announces Proposed Offering of $450 Million of Convertible Senior Notes Due 2027
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announces proposed offering of $450 million of convertible senior notes in a private placement.
Pinnacle West Capital Corporation (PNW) Q1 2024 Earnings Call Transcript
Pinnacle West Capital Corporation (NYSE:PNW) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Amanda Ho - Director of Investor Relations Jeff Guldner - Chairman & Chief E...
Pinnacle West Reports 2024 First-quarter Financial Results
PHOENIX--(BUSINESS WIRE)--Pinnacle West reports improved first-quarter results that were positively impacted by customer growth, increased sales and new rates.
Pinnacle West Sets Date for 2024 First-Quarter Financial Results, Webcast/Conference Call
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.
Pinnacle West: Equity Offering Dilution Offset By Credit Stabilization
Pinnacle West Capital Corporation's Q4 2023 results were slightly better than expected, driven by record-breaking weather and increased interest expenses. Guidance for 2024 was a bit lower than expect...
Pinnacle West Announces Pricing of a Public Offering of 9,774,436 Shares of Common Stock
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced that it has priced its registered public offering of its common stock.
Pinnacle West Announces Proposed Public Offering of $650 Million of Common Stock
PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced today that it is commencing a registered public offering of $650 million of its common stock.