Pinnacle West Capital(PNW)株式概要ピナクル・ウェスト・キャピタル・コーポレーションは、その子会社を通じてアリゾナ州で小売・卸売電気サービスを提供している。 詳細PNW ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績5/6財務の健全性0/6配当金4/6報酬株価収益率( 18.9 x)は、 Electric Utilities業界平均( 21.6 x)を下回っています。収益は年間10.07%増加すると予測されています 過去1年間で収益は11.4%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析利払いは収益で十分にカバーされない 過去3か月間に大規模なインサイダー売却が発生 3.57%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るPNW Community Fair Values Create NarrativeSee what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN3.8% undervaluedAnalystConsensusTarget•24d agoAnalyst Commentary Highlights Modest Valuation Increase for Pinnacle West Capital Amid Sector Tailwinds159010Top Analyst NarrativesPinnacle West CapitalANAnalystConsensusTargetBased on Analyst Price TargetsAnalyst Commentary Highlights Modest Valuation Increase for Pinnacle West Capital Amid Sector TailwindsKey Takeaways Strong customer growth and large-scale infrastructure investments are driving significant revenue and earnings expansion potential, especially from commercial and industrial demand. Regulatory modernization and grid upgrades are improving cost recovery, operational efficiency, and positioning the company for long-term stability and growth.View narrativeUS$105.86FV3.8% 割安 内在価値ディスカウント5.35%Revenue growth p.a.Set Fair ValueView159users have viewed this narrative0users have liked this narrative0users have commented on this narrative10users have followed this narrative24 days ago author updated this narrativeView all narrativesPinnacle West Capital Corporation 競合他社OGE EnergySymbol: NYSE:OGEMarket cap: US$9.9bAlliant EnergySymbol: NasdaqGS:LNTMarket cap: US$18.7bEvergySymbol: NasdaqGS:EVRGMarket cap: US$19.2bIDACORPSymbol: NYSE:IDAMarket cap: US$7.8b価格と性能株価の高値、安値、推移の概要Pinnacle West Capital過去の株価現在の株価US$101.8452週高値US$104.9252週安値US$85.32ベータ0.451ヶ月の変化0.85%3ヶ月変化3.56%1年変化13.29%3年間の変化33.32%5年間の変化20.92%IPOからの変化338.02%最新ニュースライブニュース • May 17Pinnacle West Capital Tops Q1 Expectations With Earnings Beat and Reaffirmed GuidancePinnacle West Capital reported Q1 2026 net income of $32.9 million and earnings per share of $0.27, ahead of expectations that had anticipated a loss. Revenue for the quarter was $1.15 billion, supported by hotter-than-normal weather, higher transmission revenues, 2.2% customer growth, and lower operations and maintenance costs. The company reaffirmed its 2026 weather-normalized earnings guidance of $4.55 to $4.75 per diluted share and continues to advance its 2025 rate case with the Arizona Corporation Commission, with a hearing scheduled for May 18, while progressing on major infrastructure projects and grid reliability investments. The earnings beat, reaffirmed guidance, and ongoing capital projects indicate a company focused on serving rising demand in Arizona while managing regulatory timing through its rate case. Investors may want to watch outcomes from the May 18 rate hearing and any further commentary on insider share sales, as both could influence sentiment toward the stock.Recent Insider Transactions • May 17Insider recently sold US$650k worth of stockOn the 13th of May, Jacob Tetlow sold around 7k shares on-market at roughly US$99.00 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$0.27 (up from US$0.039 loss in 1Q 2025). Revenue: US$1.15b (up 11% from 1Q 2025). Net income: US$32.9m (up US$37.6m from 1Q 2025). Profit margin: 2.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Seeking Alpha • May 05Pinnacle West: An AI Load Growth Beneficiary, But Fairly Priced (Rating Upgrade)Summary Pinnacle West (PNW) is upgraded from sell to hold as shares approach fair value after a strong technical breakout and solid Q1 results. PNW delivered Q1 GAAP EPS of $0.27 and revenue of $1.15B, beating expectations, with robust 9.4% retail sales growth driven by 14.6% C&I demand. Management reaffirmed FY 2026 EPS guidance of $4.55–$4.75 and targets 5–7% long-term EPS growth, supported by $10.4B capex through 2028. Key risks include higher interest rates, regulatory outcomes on the 2025 APS Rate Case, and operational challenges from surging AI-driven demand. Read the full article on Seeking Alphaナラティブの更新 • Apr 27PNW: Regulatory Outcomes And 2026 Earnings Guidance Will Shape Fairly Balanced OutlookThe analyst price target for Pinnacle West Capital has been adjusted slightly higher to around $106, as analysts factor in updated fair value estimates, modest tweaks to revenue growth and margin assumptions, and refreshed P/E expectations following a series of mixed but generally upward target revisions across the Street. Analyst Commentary Recent research on Pinnacle West Capital reflects a mix of cautious optimism and valuation discipline, with several firms updating price targets after Q4 results and model refreshes.Declared Dividend • Apr 26Fourth quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 4th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.最新情報をもっと見るRecent updatesライブニュース • May 17Pinnacle West Capital Tops Q1 Expectations With Earnings Beat and Reaffirmed GuidancePinnacle West Capital reported Q1 2026 net income of $32.9 million and earnings per share of $0.27, ahead of expectations that had anticipated a loss. Revenue for the quarter was $1.15 billion, supported by hotter-than-normal weather, higher transmission revenues, 2.2% customer growth, and lower operations and maintenance costs. The company reaffirmed its 2026 weather-normalized earnings guidance of $4.55 to $4.75 per diluted share and continues to advance its 2025 rate case with the Arizona Corporation Commission, with a hearing scheduled for May 18, while progressing on major infrastructure projects and grid reliability investments. The earnings beat, reaffirmed guidance, and ongoing capital projects indicate a company focused on serving rising demand in Arizona while managing regulatory timing through its rate case. Investors may want to watch outcomes from the May 18 rate hearing and any further commentary on insider share sales, as both could influence sentiment toward the stock.Recent Insider Transactions • May 17Insider recently sold US$650k worth of stockOn the 13th of May, Jacob Tetlow sold around 7k shares on-market at roughly US$99.00 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$0.27 (up from US$0.039 loss in 1Q 2025). Revenue: US$1.15b (up 11% from 1Q 2025). Net income: US$32.9m (up US$37.6m from 1Q 2025). Profit margin: 2.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Seeking Alpha • May 05Pinnacle West: An AI Load Growth Beneficiary, But Fairly Priced (Rating Upgrade)Summary Pinnacle West (PNW) is upgraded from sell to hold as shares approach fair value after a strong technical breakout and solid Q1 results. PNW delivered Q1 GAAP EPS of $0.27 and revenue of $1.15B, beating expectations, with robust 9.4% retail sales growth driven by 14.6% C&I demand. Management reaffirmed FY 2026 EPS guidance of $4.55–$4.75 and targets 5–7% long-term EPS growth, supported by $10.4B capex through 2028. Key risks include higher interest rates, regulatory outcomes on the 2025 APS Rate Case, and operational challenges from surging AI-driven demand. Read the full article on Seeking Alphaナラティブの更新 • Apr 27PNW: Regulatory Outcomes And 2026 Earnings Guidance Will Shape Fairly Balanced OutlookThe analyst price target for Pinnacle West Capital has been adjusted slightly higher to around $106, as analysts factor in updated fair value estimates, modest tweaks to revenue growth and margin assumptions, and refreshed P/E expectations following a series of mixed but generally upward target revisions across the Street. Analyst Commentary Recent research on Pinnacle West Capital reflects a mix of cautious optimism and valuation discipline, with several firms updating price targets after Q4 results and model refreshes.Declared Dividend • Apr 26Fourth quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 4th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24Pinnacle West Capital Corporation announces Quarterly dividend, payable on June 01, 2026Pinnacle West Capital Corporation announced Quarterly dividend of USD 0.9100 per share payable on June 01, 2026, ex-date on May 04, 2026 and record date on May 04, 2026.ナラティブの更新 • Apr 12PNW: Regulatory Progress And 2026 Earnings Guidance Will Shape Core Holding PotentialAnalyst price targets for Pinnacle West Capital have moved higher, with the fair value estimate rising by about $2.63 to $104.85 as analysts factor in updated models following recent Q4 results, modestly adjusted growth and profitability assumptions, and a slightly higher future P/E of 19.89x. Analyst Commentary Recent research updates around Pinnacle West Capital point to a cluster of higher price targets following Q4 results, with several firms recalibrating their models and ratings.お知らせ • Apr 07Pinnacle West Capital Corporation to Report Q1, 2026 Results on May 04, 2026Pinnacle West Capital Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 04, 2026お知らせ • Apr 06Pinnacle West Capital Corporation, Annual General Meeting, May 14, 2026Pinnacle West Capital Corporation, Annual General Meeting, May 14, 2026.ナラティブの更新 • Mar 29PNW: Regulatory Execution And 2026 Earnings Outlook Will Shape Core Holding AppealThe analyst price target for Pinnacle West Capital has edged higher by about $0.21 to $102.21, reflecting a series of recent target increases as analysts factor in updated models, Q4 results, and ongoing regulatory execution as key drivers. Analyst Commentary Recent Street research on Pinnacle West Capital points to a mixed but generally constructive tone, with several firms adjusting their models and fine tuning views on regulatory execution, earnings quality, and relative valuation within the utilities group.ナラティブの更新 • Mar 15PNW: Regulatory Progress And Earnings Quality Will Shape Core Holding CaseThe analyst fair value estimate for Pinnacle West Capital has moved from $100.85 to $102.00, reflecting a series of higher Street price targets clustered in the $96 to $109 range, as analysts factor in recent earnings, updated models, and the importance of regulatory execution over the coming year. Analyst Commentary Street research on Pinnacle West Capital has shifted toward higher fair value ranges, but with clear conditions attached, especially around regulation and earnings quality.ナラティブの更新 • Mar 01PNW: Regulatory Execution And Sector Trends Will Shape Core Holding PotentialThe updated analyst price target for Pinnacle West Capital moves to $100.85 from $95.92, reflecting higher Street targets in a $96 to $109 range as analysts factor in Q4 results and the view that better regulatory execution could support the company becoming a core utility holding. Analyst Commentary Street research on Pinnacle West Capital has been active around the latest Q4 print, with several firms updating models and resetting price targets in a fairly tight band.お知らせ • Feb 25Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Year 2026Pinnacle West Capital Corporation provided consolidated earnings guidance for the year 2026. For the year, the company continues to estimate its consolidated earnings to be within a range of $4.55 to $4.75 per diluted share on a weather-normalized basis.ナラティブの更新 • Feb 15PNW: Arizona Regulation And Sector Repricing Will Shape Steady Earnings ExpectationsAnalyst price targets on Pinnacle West Capital have shifted in a mixed but slightly higher range, with recent changes including $4 increases from RBC Capital and Morgan Stanley, along with $1 and $5 trims from Wells Fargo and Barclays, as analysts update their views on regulated utilities and valuation assumptions. Analyst Commentary Recent research updates on Pinnacle West Capital show both supportive and cautious views, with adjustments reflecting broader moves across regulated utilities and refreshed valuation work.ナラティブの更新 • Feb 01PNW: Arizona Regulation And Data Demand Will Shape Steady Earnings ExpectationsAnalysts have made a modest trim to their Pinnacle West Capital price target to about $95.92, reflecting updated assumptions around revenue growth, profit margins, and future P/E multiples following mixed recent target changes across the Street. Analyst Commentary Recent research updates on Pinnacle West Capital show a mix of cautious and constructive views, with several firms adjusting price targets both higher and lower.お知らせ • Jan 27Pinnacle West Capital Corporation to Report Q4, 2025 Results on Feb 25, 2026Pinnacle West Capital Corporation announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 25, 2026Upcoming Dividend • Jan 26Upcoming dividend of US$0.91 per shareEligible shareholders must have bought the stock before 02 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.8%).分析記事 • Jan 09The Returns At Pinnacle West Capital (NYSE:PNW) Aren't GrowingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Declared Dividend • Dec 14Third quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 2nd February 2026 Payment date: 2nd March 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 11Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on March 2, 2026The board of directors of Pinnacle West Capital Corporation declared a quarterly dividend of $0.91 per share of common stock, payable on March 2, 2026, to shareholders of record at the close of business on February 2, 2026.ナラティブの更新 • Dec 06PNW: Arizona Regulation And Data Demand Will Shape A Balanced Earnings PathPinnacle West Capital's analyst price target nudged slightly lower to about $96 from roughly $97 as analysts balance improving earnings visibility and load driven growth against lingering regulatory uncertainty and only gradual progress in Arizona's rate environment. Analyst Commentary Recent Street research on Pinnacle West Capital reflects a generally balanced stance, with most firms maintaining neutral to moderately positive ratings while fine tuning price targets around the mid to upper $90 range.ナラティブの更新 • Nov 22PNW: Improving Arizona Regulation And Data Demand Will Shape Earnings OutlookPinnacle West Capital's analyst price target has modestly declined, dropping from $96.07 to $95.93 per share. Analysts cite ongoing uncertainties around regulatory improvements in Arizona and tempered expectations for near-term earnings growth, even though there are positive long-term structural trends.分析記事 • Nov 06Pinnacle West Capital Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearPinnacle West Capital Corporation ( NYSE:PNW ) came out with its quarterly results last week, and we wanted to see how...ナラティブの更新 • Nov 06PNW: Future Sector Tailwinds And Regulatory Changes Will Shape Earnings PathPinnacle West Capital's analyst price target was modestly reduced by $0.18 to $96.07. Analysts cite steady sector conditions, regulatory uncertainty in Arizona, and incremental updates to growth and profit outlooks as supporting factors.Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$3.45. Revenue: US$1.82b (up 2.9% from 3Q 2024). Net income: US$413.2m (up 4.6% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electric Utilities industry in the US.お知らせ • Nov 04+ 1 more updatePinnacle West Capital Corporation Revises Consolidated Earnings Guidance for the Year 2025Pinnacle West Capital Corporation revised consolidated earnings guidance for the year 2025. Given the positive customer and sales growth and impact of weather and through the first three quarters of the year – partially offset by higher than previously forecasted operations and maintenance expenses – the company is adjusting its 2025 consolidated earnings guidance upward to a range of $4.90 per diluted share to $5.10 per diluted share from $4.40 to $4.60 per diluted share.分析記事 • Oct 28Pinnacle West Capital (NYSE:PNW) Is Increasing Its Dividend To $0.91The board of Pinnacle West Capital Corporation ( NYSE:PNW ) has announced that the dividend on 1st of December will be...Declared Dividend • Oct 26Second quarter dividend increased to US$0.91Dividend of US$0.91 is 1.7% higher than last year. Ex-date: 3rd November 2025 Payment date: 1st December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 23Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on December 1, 2025Pinnacle West Capital Corporation’s board of directors voted to raise the Company’s dividend by 1.7%, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.64 per share – or $0.91 per share quarterly. The declared quarterly dividend is payable December 1, 2025, to shareholders of record at the close of business November 3, 2025.ナラティブの更新 • Oct 22Analyst Commentary Highlights Modest Valuation Increase for Pinnacle West Capital Amid Sector TailwindsAnalysts have modestly increased their fair value estimate for Pinnacle West Capital, raising the price target by $1.33 to $96.25. This adjustment is attributed to improved revenue growth expectations driven by sector trends and ongoing regulatory developments.お知らせ • Oct 03Pinnacle West Capital Corporation to Report Q3, 2025 Results on Nov 03, 2025Pinnacle West Capital Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 03, 2025ナラティブの更新 • Sep 17Grid Modernization And Arizona Expansion Will Create Future ValueAnalysts have slightly lowered their price target for Pinnacle West Capital to $94.92, reflecting cautious optimism driven by improving regulatory trends and growth prospects in Arizona, offset by a more moderate outlook for revenue growth. Analyst Commentary Bullish analysts note improving structural trends in Arizona's regulatory environment, citing the 2025 General Rate Case (GRC) as a key driver for reduced regulatory lag.分析記事 • Aug 29Calculating The Fair Value Of Pinnacle West Capital Corporation (NYSE:PNW)Key Insights The projected fair value for Pinnacle West Capital is US$89.64 based on Dividend Discount Model With...Recent Insider Transactions • Aug 13Insider recently sold US$600k worth of stockOn the 11th of August, Jacob Tetlow sold around 6k shares on-market at roughly US$92.37 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months.Reported Earnings • Aug 06Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: US$1.61 (down from US$1.79 in 2Q 2024). Revenue: US$1.36b (up 3.8% from 2Q 2024). Net income: US$192.6m (down 5.5% from 2Q 2024). Profit margin: 14% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.お知らせ • Aug 06Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Year 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the year 2025. For the year, the company continues to estimate its consolidated earnings will be with in a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.分析記事 • Aug 04Pinnacle West Capital's (NYSE:PNW) Returns Have Hit A WallIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Upcoming Dividend • Jul 25Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 01 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.9%).お知らせ • Jul 08Pinnacle West Capital Corporation to Report Q2, 2025 Results on Aug 06, 2025Pinnacle West Capital Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025Declared Dividend • Jun 22First quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 1st August 2025 Payment date: 2nd September 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 19Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on Sept. 2, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on Sept. 2, 2025, to shareholders of record at the close of business on Aug. 1, 2025.分析記事 • May 30Here's Why Pinnacle West Capital (NYSE:PNW) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • May 02First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.039 loss per share (down from US$0.15 profit in 1Q 2024). Revenue: US$1.03b (up 8.5% from 1Q 2024). Net loss: US$4.64m (down 127% from profit in 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.Declared Dividend • Apr 27Fourth quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 5th May 2025 Payment date: 2nd June 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on June 2, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on June 2, 2025, to shareholders of record at the close of business on May 5, 2025.Board Change • Apr 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Susan Flanagan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. President of Arizona Public Service Company & Director Ted Geisler was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 02Pinnacle West Capital Corporation to Report Q1, 2025 Results on May 01, 2025Pinnacle West Capital Corporation announced that they will report Q1, 2025 results Pre-Market on May 01, 2025Seeking Alpha • Mar 14Pinnacle West: Steady Income Generator For Sleep-Well-At-Night ReturnsSummary Pinnacle West Capital has demonstrated strong business fundamentals and growth catalysts on the horizon. PNW benefits from favorable regulatory developments, robust residential growth, and increasing demand from Arizona's expanding semiconductor industry. With a solid balance sheet, reliable operations, and a well-covered 3.9% dividend yield, PNW remains an attractive income investment. Read the full article on Seeking Alphaお知らせ • Mar 07Pinnacle West Capital Corporation, Annual General Meeting, May 21, 2025Pinnacle West Capital Corporation, Annual General Meeting, May 21, 2025.Recent Insider Transactions Derivative • Feb 26Chairman exercised options and sold US$888k worth of stockOn the 20th of February, Jeffrey Guldner exercised options to acquire 10k shares at no cost and sold these for an average price of US$90.77 per share. This trade did not impact their existing holding. For the year to December 2018, Jeffrey's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Jeffrey's direct individual holding has increased from 64.79k shares to 78.53k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$5.35 (up from US$4.42 in FY 2023). Revenue: US$5.12b (up 9.1% from FY 2023). Net income: US$608.8m (up 21% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 26Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year of 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year of 2025. For the year, the company expects consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.お知らせ • Feb 22Pinnacle West Capital Corporation and Arizona Public Service Company Announces Management ChangesOn February 19, 2025, Pinnacle West Capital Corporation (“Pinnacle West”) and Arizona Public Service Company (“APS”) announced that Robert E. Smith was named Executive Vice President, Chief Legal Officer and Chief Development Officer of Pinnacle West and APS, respectively, and that Shirley A. Baum has been promoted to the position of Senior Vice President and General Counsel of Pinnacle West and APS, respectively. The changes are effective immediately. These changes are in support of a smooth transition of the duties and responsibilities of the General Counsel to Ms. Baum due to Mr. Smith’s planned retirement as an officer of Pinnacle West and APS on August 1, 2025.お知らせ • Jan 28Pinnacle West Capital Corporation to Report Q4, 2024 Results on Feb 25, 2025Pinnacle West Capital Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025Upcoming Dividend • Jan 27Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 03 February 2025. Payment date: 03 March 2025. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.9%).Declared Dividend • Dec 15Third quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 3rd February 2025 Payment date: 3rd March 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Dec 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to US$87.55. The fair value is estimated to be US$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.お知らせ • Dec 13+ 1 more updatePinnacle West Capital Corp. and Arizona Public Service Announce CEO ChangesPinnacle West Capital Corp. announced that Pinnacle West and Arizona Public Service (APS) Chairman and CEO Jeff Guldner will retire as CEO on March 31, 2025, after 5 years of leading the company. APS President Ted Geisler will assume the roles of Chairman of the Board, President and CEO of Pinnacle West and APS effective April 1, 2025. Guldner will remain employed by Pinnacle West in a non-executive advisory capacity to support a smooth transition through the end of March 2026. Geisler has been President of APS since 2022 and has held a series of leadership positions at the company during his 23-year career at APS. Geisler began his career at APS in 2001 and has held positions on the executive team since 2018, including the past two years as President. His leadership journey includes critical roles such as Chief Financial Officer, Chief Information Officer, General Manager of Transmission and Distribution Operations and Director of Corporate Strategy, as well as other key positions across operations and corporate resources. A third-generation Arizonan, Geisler is deeply committed to the community and is currently Chairman of the Board of the Arizona Chamber of Commerce and on the board of the Greater Phoenix Economic Council (GPEC). He sits on the W.P. Carey Dean’s Council at Arizona State University and recently was chosen as the 56th Fighter Wing Command Honorary Commander at Luke Air Force Base. He has previously served on the boards of Chicanos por la Causa and Boys and Girls Club of the Valley. Geisler earned a Bachelor of Science degree from Colorado State University and an MBA from Arizona State University. He is a graduate of the Nuclear Reactor Technology Course at the Massachusetts Institute of Technology and the Strategic Financial Leadership Program at Stanford University’s Graduate School of Business.お知らせ • Dec 12Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on March 3, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on March 3, 2025, to shareholders of record at the close of business on February 3, 2025.Seeking Alpha • Nov 23Pinnacle West Is Back To Fair ValuationSummary Pinnacle West is currently overvalued, with limited growth prospects and a forecasted annual return below 5%, leading me to rate it as a "Hold." Despite recent regulatory improvements and population growth in Arizona, PNW's EPS growth is expected to be modest, and its dividend growth is likely to remain low. The company's significant capital expenditure plans and debt obligations further constrain its upside potential, making other utilities like Enel more attractive investments. My target price for PNW is $80/share, reflecting normalized earnings and investment plans, and I recommend holding rather than buying at current valuations. Read the full article on Seeking AlphaRecent Insider Transactions • Nov 14Insider recently sold US$860k worth of stockOn the 13th of November, Jacob Tetlow sold around 9k shares on-market at roughly US$90.80 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.お知らせ • Nov 09Pinnacle West Capital Corporation has filed a Follow-on Equity Offering in the amount of $900 million.Pinnacle West Capital Corporation has filed a Follow-on Equity Offering in the amount of $900 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Nov 07Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$3.47 (down from US$3.51 in 3Q 2023). Revenue: US$1.77b (up 8.0% from 3Q 2023). Net income: US$395.0m (flat on 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Nov 07+ 1 more updatePinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year of 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year 2025. For the year 2025, the company estimates its consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.Declared Dividend • Oct 27Second quarter dividend increased to US$0.90Dividend of US$0.90 is 1.7% higher than last year. Ex-date: 4th November 2024 Payment date: 2nd December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Oct 25Now 21% undervaluedOver the last 90 days, the stock has risen 4.1% to US$88.20. The fair value is estimated to be US$112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.お知らせ • Oct 25Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on December 2, 2024Pinnacle West Capital Corporation’s board of directors voted to raise the Company’s dividend by about 1.7%, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.58 per share – or $0.895 per share quarterly. The declared quarterly dividend is payable December 2, 2024, to shareholders of record at the close of business November 4, 2024.お知らせ • Oct 04Pinnacle West Capital Corporation to Report Q3, 2024 Results on Nov 06, 2024Pinnacle West Capital Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024Buy Or Sell Opportunity • Sep 26Now 20% undervaluedOver the last 90 days, the stock has risen 16% to US$88.45. The fair value is estimated to be US$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.2%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.お知らせ • Sep 23Pinnacle West Capital Corporation(NYSE:PNW) dropped from FTSE All-World Index (USD)Pinnacle West Capital Corporation(NYSE:PNW) dropped from FTSE All-World Index (USD)新しいナラティブ • Aug 25New Customer Rates And Calculated Investments Propel Revenue Growth In C&I Sectors Increased revenue potential through new customer rates and sales growth in Commercial & Industrial sectors. Seeking Alpha • Aug 16Wait On Pinnacle West Capital For Lower Interest RatesSummary 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 from increased electricity demand from data centers. Pinnacle West is expected to benefit if interest rates are cut, but investors may want to wait for a stock price drop for a larger dividend payout. Read the full article on Seeking AlphaReported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$1.79 (up from US$0.94 in 2Q 2023). Revenue: US$1.31b (up 17% from 2Q 2023). Net income: US$203.8m (up 91% from 2Q 2023). Profit margin: 16% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Aug 02Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year 2024Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year 2024. for the year, the company continues to estimate its consolidated earnings guidance will be in the range of $4.60 to $4.80 per diluted share.Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Susan Flanagan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jul 25Upcoming dividend of US$0.88 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 03 September 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.2%).Seeking Alpha • Jul 12Pinnacle West: Shares Look Fully Valued Now, But Growth Is On The HorizonSummary This is Arizona’s largest electric utility, now with 1.4 million customers and Phoenix and Flagstaff in its territory. It weathered an adverse regulatory decision in 2021 that cut its earnings, but this is now overturned and reasonable rates restored. Earnings outlooks were revised upward and dividend growth at higher rates should resume next year. Data centers and population growth in Arizona are expected to increase electric demand, benefiting Pinnacle West as the primary utility in the state. It remains an attractive dividend stock. Read the full article on Seeking Alphaお知らせ • Jul 04Pinnacle West Capital Corporation to Report Q2, 2024 Results on Aug 01, 2024Pinnacle West Capital Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024Declared Dividend • Jun 23First quarter dividend of US$0.88 announcedShareholders will receive a dividend of US$0.88. Ex-date: 1st August 2024 Payment date: 3rd September 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 21Pinnacle West Capital Corp. Appoints Three New Members to Its Board of DirectorsPinnacle West Capital Corp. announced that its board of directors has elected three new members to the company’s board: Ronald Butler Jr., a “Big 4” public accounting firm managing partner with more than 32 years of diverse management and executive leadership experience; Carol S. Eicher, a seasoned executive who has served in multiple board leadership roles with both public and private equity-backed businesses; and Susan T. Flanagan, an executive with a broad and accomplished career spanning various sectors, including regulated utilities, energy and renewables, finance and capital markets, and portfolio management. The appointments, effective July 1, 2024 increase the number of Pinnacle West directors from nine to 12, of which 11 are independent members. Butler and Flanagan have been appointed to the Board’s Audit and Finance committees. Eicher joins the Audit and the Nuclear & Operating committees. Butler – a trusted advisor to Fortune 500 executives, corporate boards and audit committees across a broad set of industries including mining and metals, technology and consumer products – began his career in 1991 with KPMG in its Phoenix office. In 1995, he joined EY, becoming a Partner in 2004 and then being promoted to Managing Partner of the Arizona practice in 2008. Over his career, Butler has advised a diverse group of public and privately held companies ranging from middle-market to large multinational companies. He also serves as EY’s U.S Mining and Metals Leader. Butler received his Bachelor of Science degree in Accountancy from the University of Arizona and is the recipient of the University of Arizona Eller College Outstanding Alumnus (2024) and the University of Arizona Alumni Association Sidney S. Woods Alumni Service Award (2015). He is a licensed CPA in the State of Arizona and a member of the Arizona Society of CPA’s and the American Institute of Certified Public Accountants. Eicher possesses more than 30 years of experience in global manufacturing, operations and mergers and acquisitions. She is on the boards of The Tennant Company (NYSE: TNC), an industrial machinery company, and Arq Inc., a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing its environmental impact. She also serves on two private company boards. Her senior leadership experience includes positions at The Dow Chemical Company, Rohm and Haas Company, Ashland Chemical Company and E.I. DuPont de Nemours and Company Inc. In her last executive role, Eicher served as CEO of Innocor Inc. from May 2014 to July 2017. Eicher holds a Bachelor of Science degree in Chemical Engineering from the University of Pennsylvania and a Master in Business Administration from York College of Pennsylvania. She volunteers as Chair of the Board of Directors for the Fairmount Park Conservancy and as Secretary of the Board of Trustees for York College of Pennsylvania. Flanagan – an experienced senior executive and subject matter expert in the energy and renewables sector – started her professional career as an aerospace engineer with General Electric (GE). Her subsequent experience spanned research and development and corporate finance at utilities Long Island Lighting Company and Dayton Power & Light; and M&A and due diligence at PricewaterhouseCoopers and Ernst & Young working closely with utilities and private equity. In 2005, Flanagan rejoined GE where she served in various senior roles, most notably as President and CEO of GE Capital’s Energy Financial Services business. Following her 2023 retirement from GE, she joined Apollo Global Management as an Operating Partner, where she advises on structured investment opportunities across the Energy value chain. Flanagan has a Bachelor of Science degree in mechanical engineering from Columbia University’s School of Engineering, and a Master of Science in Aerospace Engineering from the University of Cincinnati. She also earned an MBA from New York University'sStern School of Business. She has been actively engaged in energy transition issues and has addressed the World Economic Forum in Davos and other thought leadership venues. She served on the Columbia University School of Engineering'sBoard of Visitors.お知らせ • Jun 20Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on September 3, 2024Pinnacle West Capital Corporation declared a quarterly dividend of $0.88 per share of common stock, payable on Sept. 3, 2024, to shareholders of record at the close of business on Aug. 1, 2024.Seeking Alpha • Jun 10Pinnacle West: Demand For Its Electricity Is BoomingSummary 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 transmission and generation assets, leading to a substantial increase in its rate base. Despite its positive outlook, PNW is currently undervalued compared to its peers, making it an attractive investment opportunity. Read the full article on Seeking Alpha株主還元PNWUS Electric UtilitiesUS 市場7D2.1%-1.1%-0.3%1Y13.3%11.1%26.7%株主還元を見る業界別リターン: PNW過去 1 年間で11.1 % の収益を上げたUS Electric Utilities業界を上回りました。リターン対市場: PNWは、過去 1 年間で26.7 % のリターンを上げたUS市場を下回りました。価格変動Is PNW's price volatile compared to industry and market?PNW volatilityPNW Average Weekly Movement2.3%Electric Utilities Industry Average Movement2.9%Market Average Movement7.2%10% most volatile stocks in US Market16.2%10% least volatile stocks in US Market3.2%安定した株価: PNW 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PNWの 週次ボラティリティ ( 2% ) は過去 1 年間安定しています。会社概要設立従業員CEO(最高経営責任者ウェブサイト19856,610Ted Geislerwww.pinnaclewest.comピナクル・ウェスト・キャピタル・コーポレーションは子会社を通じて、アリゾナ州で小売・卸売電気サービスを提供している。同社は、原子力、ガス、石油、石炭、太陽光発電設備による発電、送電、配電を行っている。送電施設には架空線と地下線があり、配電施設には架空線と地下一次ケーブルがある。また、送電・配電ヤードを含む変電所の所有・保守、エネルギー貯蔵施設の所有も行っている。ピナクル・ウェスト・キャピタル・コーポレーションは1985年に設立され、アリゾナ州フェニックスに本社を置く。もっと見るPinnacle West Capital Corporation 基礎のまとめPinnacle West Capital の収益と売上を時価総額と比較するとどうか。PNW 基礎統計学時価総額US$12.35b収益(TTM)US$654.10m売上高(TTM)US$5.46b18.9xPER(株価収益率2.3xP/SレシオPNW は割高か?公正価値と評価分析を参照収益と収入最新の決算報告書(TTM)に基づく主な収益性統計PNW 損益計算書(TTM)収益US$5.46b売上原価US$3.11b売上総利益US$2.35bその他の費用US$1.69b収益US$654.10m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益(EPS)5.40グロス・マージン43.01%純利益率11.99%有利子負債/自己資本比率154.6%PNW の長期的なパフォーマンスは?過去の実績と比較を見る配当金3.6%現在の配当利回り66%配当性向PNW 配当は確実ですか?PNW 配当履歴とベンチマークを見るPNW 、いつまでに購入すれば配当金を受け取れますか?Pinnacle West Capital 配当日配当落ち日May 04 2026配当支払日Jun 01 2026配当落ちまでの日数18 days配当支払日までの日数10 daysPNW 配当は確実ですか?PNW 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日(UTC時間)企業分析2026/05/21 22:04終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM(Trailing Twelve Month)またはLTM(Last Twelve Month)データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pinnacle West Capital Corporation 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Gary HovisArgus Research CompanyDaniel FordBarclaysNicholas CampanellaBarclays23 その他のアナリストを表示
ライブニュース • May 17Pinnacle West Capital Tops Q1 Expectations With Earnings Beat and Reaffirmed GuidancePinnacle West Capital reported Q1 2026 net income of $32.9 million and earnings per share of $0.27, ahead of expectations that had anticipated a loss. Revenue for the quarter was $1.15 billion, supported by hotter-than-normal weather, higher transmission revenues, 2.2% customer growth, and lower operations and maintenance costs. The company reaffirmed its 2026 weather-normalized earnings guidance of $4.55 to $4.75 per diluted share and continues to advance its 2025 rate case with the Arizona Corporation Commission, with a hearing scheduled for May 18, while progressing on major infrastructure projects and grid reliability investments. The earnings beat, reaffirmed guidance, and ongoing capital projects indicate a company focused on serving rising demand in Arizona while managing regulatory timing through its rate case. Investors may want to watch outcomes from the May 18 rate hearing and any further commentary on insider share sales, as both could influence sentiment toward the stock.
Recent Insider Transactions • May 17Insider recently sold US$650k worth of stockOn the 13th of May, Jacob Tetlow sold around 7k shares on-market at roughly US$99.00 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.
Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$0.27 (up from US$0.039 loss in 1Q 2025). Revenue: US$1.15b (up 11% from 1Q 2025). Net income: US$32.9m (up US$37.6m from 1Q 2025). Profit margin: 2.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Seeking Alpha • May 05Pinnacle West: An AI Load Growth Beneficiary, But Fairly Priced (Rating Upgrade)Summary Pinnacle West (PNW) is upgraded from sell to hold as shares approach fair value after a strong technical breakout and solid Q1 results. PNW delivered Q1 GAAP EPS of $0.27 and revenue of $1.15B, beating expectations, with robust 9.4% retail sales growth driven by 14.6% C&I demand. Management reaffirmed FY 2026 EPS guidance of $4.55–$4.75 and targets 5–7% long-term EPS growth, supported by $10.4B capex through 2028. Key risks include higher interest rates, regulatory outcomes on the 2025 APS Rate Case, and operational challenges from surging AI-driven demand. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 27PNW: Regulatory Outcomes And 2026 Earnings Guidance Will Shape Fairly Balanced OutlookThe analyst price target for Pinnacle West Capital has been adjusted slightly higher to around $106, as analysts factor in updated fair value estimates, modest tweaks to revenue growth and margin assumptions, and refreshed P/E expectations following a series of mixed but generally upward target revisions across the Street. Analyst Commentary Recent research on Pinnacle West Capital reflects a mix of cautious optimism and valuation discipline, with several firms updating price targets after Q4 results and model refreshes.
Declared Dividend • Apr 26Fourth quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 4th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
ライブニュース • May 17Pinnacle West Capital Tops Q1 Expectations With Earnings Beat and Reaffirmed GuidancePinnacle West Capital reported Q1 2026 net income of $32.9 million and earnings per share of $0.27, ahead of expectations that had anticipated a loss. Revenue for the quarter was $1.15 billion, supported by hotter-than-normal weather, higher transmission revenues, 2.2% customer growth, and lower operations and maintenance costs. The company reaffirmed its 2026 weather-normalized earnings guidance of $4.55 to $4.75 per diluted share and continues to advance its 2025 rate case with the Arizona Corporation Commission, with a hearing scheduled for May 18, while progressing on major infrastructure projects and grid reliability investments. The earnings beat, reaffirmed guidance, and ongoing capital projects indicate a company focused on serving rising demand in Arizona while managing regulatory timing through its rate case. Investors may want to watch outcomes from the May 18 rate hearing and any further commentary on insider share sales, as both could influence sentiment toward the stock.
Recent Insider Transactions • May 17Insider recently sold US$650k worth of stockOn the 13th of May, Jacob Tetlow sold around 7k shares on-market at roughly US$99.00 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.3m more than they bought in the last 12 months.
Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: US$0.27 (up from US$0.039 loss in 1Q 2025). Revenue: US$1.15b (up 11% from 1Q 2025). Net income: US$32.9m (up US$37.6m from 1Q 2025). Profit margin: 2.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Seeking Alpha • May 05Pinnacle West: An AI Load Growth Beneficiary, But Fairly Priced (Rating Upgrade)Summary Pinnacle West (PNW) is upgraded from sell to hold as shares approach fair value after a strong technical breakout and solid Q1 results. PNW delivered Q1 GAAP EPS of $0.27 and revenue of $1.15B, beating expectations, with robust 9.4% retail sales growth driven by 14.6% C&I demand. Management reaffirmed FY 2026 EPS guidance of $4.55–$4.75 and targets 5–7% long-term EPS growth, supported by $10.4B capex through 2028. Key risks include higher interest rates, regulatory outcomes on the 2025 APS Rate Case, and operational challenges from surging AI-driven demand. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 27PNW: Regulatory Outcomes And 2026 Earnings Guidance Will Shape Fairly Balanced OutlookThe analyst price target for Pinnacle West Capital has been adjusted slightly higher to around $106, as analysts factor in updated fair value estimates, modest tweaks to revenue growth and margin assumptions, and refreshed P/E expectations following a series of mixed but generally upward target revisions across the Street. Analyst Commentary Recent research on Pinnacle West Capital reflects a mix of cautious optimism and valuation discipline, with several firms updating price targets after Q4 results and model refreshes.
Declared Dividend • Apr 26Fourth quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 4th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24Pinnacle West Capital Corporation announces Quarterly dividend, payable on June 01, 2026Pinnacle West Capital Corporation announced Quarterly dividend of USD 0.9100 per share payable on June 01, 2026, ex-date on May 04, 2026 and record date on May 04, 2026.
ナラティブの更新 • Apr 12PNW: Regulatory Progress And 2026 Earnings Guidance Will Shape Core Holding PotentialAnalyst price targets for Pinnacle West Capital have moved higher, with the fair value estimate rising by about $2.63 to $104.85 as analysts factor in updated models following recent Q4 results, modestly adjusted growth and profitability assumptions, and a slightly higher future P/E of 19.89x. Analyst Commentary Recent research updates around Pinnacle West Capital point to a cluster of higher price targets following Q4 results, with several firms recalibrating their models and ratings.
お知らせ • Apr 07Pinnacle West Capital Corporation to Report Q1, 2026 Results on May 04, 2026Pinnacle West Capital Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 04, 2026
お知らせ • Apr 06Pinnacle West Capital Corporation, Annual General Meeting, May 14, 2026Pinnacle West Capital Corporation, Annual General Meeting, May 14, 2026.
ナラティブの更新 • Mar 29PNW: Regulatory Execution And 2026 Earnings Outlook Will Shape Core Holding AppealThe analyst price target for Pinnacle West Capital has edged higher by about $0.21 to $102.21, reflecting a series of recent target increases as analysts factor in updated models, Q4 results, and ongoing regulatory execution as key drivers. Analyst Commentary Recent Street research on Pinnacle West Capital points to a mixed but generally constructive tone, with several firms adjusting their models and fine tuning views on regulatory execution, earnings quality, and relative valuation within the utilities group.
ナラティブの更新 • Mar 15PNW: Regulatory Progress And Earnings Quality Will Shape Core Holding CaseThe analyst fair value estimate for Pinnacle West Capital has moved from $100.85 to $102.00, reflecting a series of higher Street price targets clustered in the $96 to $109 range, as analysts factor in recent earnings, updated models, and the importance of regulatory execution over the coming year. Analyst Commentary Street research on Pinnacle West Capital has shifted toward higher fair value ranges, but with clear conditions attached, especially around regulation and earnings quality.
ナラティブの更新 • Mar 01PNW: Regulatory Execution And Sector Trends Will Shape Core Holding PotentialThe updated analyst price target for Pinnacle West Capital moves to $100.85 from $95.92, reflecting higher Street targets in a $96 to $109 range as analysts factor in Q4 results and the view that better regulatory execution could support the company becoming a core utility holding. Analyst Commentary Street research on Pinnacle West Capital has been active around the latest Q4 print, with several firms updating models and resetting price targets in a fairly tight band.
お知らせ • Feb 25Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Year 2026Pinnacle West Capital Corporation provided consolidated earnings guidance for the year 2026. For the year, the company continues to estimate its consolidated earnings to be within a range of $4.55 to $4.75 per diluted share on a weather-normalized basis.
ナラティブの更新 • Feb 15PNW: Arizona Regulation And Sector Repricing Will Shape Steady Earnings ExpectationsAnalyst price targets on Pinnacle West Capital have shifted in a mixed but slightly higher range, with recent changes including $4 increases from RBC Capital and Morgan Stanley, along with $1 and $5 trims from Wells Fargo and Barclays, as analysts update their views on regulated utilities and valuation assumptions. Analyst Commentary Recent research updates on Pinnacle West Capital show both supportive and cautious views, with adjustments reflecting broader moves across regulated utilities and refreshed valuation work.
ナラティブの更新 • Feb 01PNW: Arizona Regulation And Data Demand Will Shape Steady Earnings ExpectationsAnalysts have made a modest trim to their Pinnacle West Capital price target to about $95.92, reflecting updated assumptions around revenue growth, profit margins, and future P/E multiples following mixed recent target changes across the Street. Analyst Commentary Recent research updates on Pinnacle West Capital show a mix of cautious and constructive views, with several firms adjusting price targets both higher and lower.
お知らせ • Jan 27Pinnacle West Capital Corporation to Report Q4, 2025 Results on Feb 25, 2026Pinnacle West Capital Corporation announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 25, 2026
Upcoming Dividend • Jan 26Upcoming dividend of US$0.91 per shareEligible shareholders must have bought the stock before 02 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.8%).
分析記事 • Jan 09The Returns At Pinnacle West Capital (NYSE:PNW) Aren't GrowingWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Declared Dividend • Dec 14Third quarter dividend of US$0.91 announcedShareholders will receive a dividend of US$0.91. Ex-date: 2nd February 2026 Payment date: 2nd March 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 11Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on March 2, 2026The board of directors of Pinnacle West Capital Corporation declared a quarterly dividend of $0.91 per share of common stock, payable on March 2, 2026, to shareholders of record at the close of business on February 2, 2026.
ナラティブの更新 • Dec 06PNW: Arizona Regulation And Data Demand Will Shape A Balanced Earnings PathPinnacle West Capital's analyst price target nudged slightly lower to about $96 from roughly $97 as analysts balance improving earnings visibility and load driven growth against lingering regulatory uncertainty and only gradual progress in Arizona's rate environment. Analyst Commentary Recent Street research on Pinnacle West Capital reflects a generally balanced stance, with most firms maintaining neutral to moderately positive ratings while fine tuning price targets around the mid to upper $90 range.
ナラティブの更新 • Nov 22PNW: Improving Arizona Regulation And Data Demand Will Shape Earnings OutlookPinnacle West Capital's analyst price target has modestly declined, dropping from $96.07 to $95.93 per share. Analysts cite ongoing uncertainties around regulatory improvements in Arizona and tempered expectations for near-term earnings growth, even though there are positive long-term structural trends.
分析記事 • Nov 06Pinnacle West Capital Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearPinnacle West Capital Corporation ( NYSE:PNW ) came out with its quarterly results last week, and we wanted to see how...
ナラティブの更新 • Nov 06PNW: Future Sector Tailwinds And Regulatory Changes Will Shape Earnings PathPinnacle West Capital's analyst price target was modestly reduced by $0.18 to $96.07. Analysts cite steady sector conditions, regulatory uncertainty in Arizona, and incremental updates to growth and profit outlooks as supporting factors.
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$3.45. Revenue: US$1.82b (up 2.9% from 3Q 2024). Net income: US$413.2m (up 4.6% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electric Utilities industry in the US.
お知らせ • Nov 04+ 1 more updatePinnacle West Capital Corporation Revises Consolidated Earnings Guidance for the Year 2025Pinnacle West Capital Corporation revised consolidated earnings guidance for the year 2025. Given the positive customer and sales growth and impact of weather and through the first three quarters of the year – partially offset by higher than previously forecasted operations and maintenance expenses – the company is adjusting its 2025 consolidated earnings guidance upward to a range of $4.90 per diluted share to $5.10 per diluted share from $4.40 to $4.60 per diluted share.
分析記事 • Oct 28Pinnacle West Capital (NYSE:PNW) Is Increasing Its Dividend To $0.91The board of Pinnacle West Capital Corporation ( NYSE:PNW ) has announced that the dividend on 1st of December will be...
Declared Dividend • Oct 26Second quarter dividend increased to US$0.91Dividend of US$0.91 is 1.7% higher than last year. Ex-date: 3rd November 2025 Payment date: 1st December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 23Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on December 1, 2025Pinnacle West Capital Corporation’s board of directors voted to raise the Company’s dividend by 1.7%, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.64 per share – or $0.91 per share quarterly. The declared quarterly dividend is payable December 1, 2025, to shareholders of record at the close of business November 3, 2025.
ナラティブの更新 • Oct 22Analyst Commentary Highlights Modest Valuation Increase for Pinnacle West Capital Amid Sector TailwindsAnalysts have modestly increased their fair value estimate for Pinnacle West Capital, raising the price target by $1.33 to $96.25. This adjustment is attributed to improved revenue growth expectations driven by sector trends and ongoing regulatory developments.
お知らせ • Oct 03Pinnacle West Capital Corporation to Report Q3, 2025 Results on Nov 03, 2025Pinnacle West Capital Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 03, 2025
ナラティブの更新 • Sep 17Grid Modernization And Arizona Expansion Will Create Future ValueAnalysts have slightly lowered their price target for Pinnacle West Capital to $94.92, reflecting cautious optimism driven by improving regulatory trends and growth prospects in Arizona, offset by a more moderate outlook for revenue growth. Analyst Commentary Bullish analysts note improving structural trends in Arizona's regulatory environment, citing the 2025 General Rate Case (GRC) as a key driver for reduced regulatory lag.
分析記事 • Aug 29Calculating The Fair Value Of Pinnacle West Capital Corporation (NYSE:PNW)Key Insights The projected fair value for Pinnacle West Capital is US$89.64 based on Dividend Discount Model With...
Recent Insider Transactions • Aug 13Insider recently sold US$600k worth of stockOn the 11th of August, Jacob Tetlow sold around 6k shares on-market at roughly US$92.37 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months.
Reported Earnings • Aug 06Second quarter 2025 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2025 results: EPS: US$1.61 (down from US$1.79 in 2Q 2024). Revenue: US$1.36b (up 3.8% from 2Q 2024). Net income: US$192.6m (down 5.5% from 2Q 2024). Profit margin: 14% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.
お知らせ • Aug 06Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Year 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the year 2025. For the year, the company continues to estimate its consolidated earnings will be with in a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.
分析記事 • Aug 04Pinnacle West Capital's (NYSE:PNW) Returns Have Hit A WallIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Upcoming Dividend • Jul 25Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 01 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.9%).
お知らせ • Jul 08Pinnacle West Capital Corporation to Report Q2, 2025 Results on Aug 06, 2025Pinnacle West Capital Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025
Declared Dividend • Jun 22First quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 1st August 2025 Payment date: 2nd September 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 19Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on Sept. 2, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on Sept. 2, 2025, to shareholders of record at the close of business on Aug. 1, 2025.
分析記事 • May 30Here's Why Pinnacle West Capital (NYSE:PNW) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 02First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.039 loss per share (down from US$0.15 profit in 1Q 2024). Revenue: US$1.03b (up 8.5% from 1Q 2024). Net loss: US$4.64m (down 127% from profit in 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year.
Declared Dividend • Apr 27Fourth quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 5th May 2025 Payment date: 2nd June 2025 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on June 2, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on June 2, 2025, to shareholders of record at the close of business on May 5, 2025.
Board Change • Apr 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Susan Flanagan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. President of Arizona Public Service Company & Director Ted Geisler was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 02Pinnacle West Capital Corporation to Report Q1, 2025 Results on May 01, 2025Pinnacle West Capital Corporation announced that they will report Q1, 2025 results Pre-Market on May 01, 2025
Seeking Alpha • Mar 14Pinnacle West: Steady Income Generator For Sleep-Well-At-Night ReturnsSummary Pinnacle West Capital has demonstrated strong business fundamentals and growth catalysts on the horizon. PNW benefits from favorable regulatory developments, robust residential growth, and increasing demand from Arizona's expanding semiconductor industry. With a solid balance sheet, reliable operations, and a well-covered 3.9% dividend yield, PNW remains an attractive income investment. Read the full article on Seeking Alpha
お知らせ • Mar 07Pinnacle West Capital Corporation, Annual General Meeting, May 21, 2025Pinnacle West Capital Corporation, Annual General Meeting, May 21, 2025.
Recent Insider Transactions Derivative • Feb 26Chairman exercised options and sold US$888k worth of stockOn the 20th of February, Jeffrey Guldner exercised options to acquire 10k shares at no cost and sold these for an average price of US$90.77 per share. This trade did not impact their existing holding. For the year to December 2018, Jeffrey's total compensation was 12% salary and 88% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Jeffrey's direct individual holding has increased from 64.79k shares to 78.53k. Company insiders have collectively sold US$3.1m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$5.35 (up from US$4.42 in FY 2023). Revenue: US$5.12b (up 9.1% from FY 2023). Net income: US$608.8m (up 21% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 26Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year of 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year of 2025. For the year, the company expects consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.
お知らせ • Feb 22Pinnacle West Capital Corporation and Arizona Public Service Company Announces Management ChangesOn February 19, 2025, Pinnacle West Capital Corporation (“Pinnacle West”) and Arizona Public Service Company (“APS”) announced that Robert E. Smith was named Executive Vice President, Chief Legal Officer and Chief Development Officer of Pinnacle West and APS, respectively, and that Shirley A. Baum has been promoted to the position of Senior Vice President and General Counsel of Pinnacle West and APS, respectively. The changes are effective immediately. These changes are in support of a smooth transition of the duties and responsibilities of the General Counsel to Ms. Baum due to Mr. Smith’s planned retirement as an officer of Pinnacle West and APS on August 1, 2025.
お知らせ • Jan 28Pinnacle West Capital Corporation to Report Q4, 2024 Results on Feb 25, 2025Pinnacle West Capital Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025
Upcoming Dividend • Jan 27Upcoming dividend of US$0.90 per shareEligible shareholders must have bought the stock before 03 February 2025. Payment date: 03 March 2025. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.9%).
Declared Dividend • Dec 15Third quarter dividend of US$0.90 announcedShareholders will receive a dividend of US$0.90. Ex-date: 3rd February 2025 Payment date: 3rd March 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Dec 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to US$87.55. The fair value is estimated to be US$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period.
お知らせ • Dec 13+ 1 more updatePinnacle West Capital Corp. and Arizona Public Service Announce CEO ChangesPinnacle West Capital Corp. announced that Pinnacle West and Arizona Public Service (APS) Chairman and CEO Jeff Guldner will retire as CEO on March 31, 2025, after 5 years of leading the company. APS President Ted Geisler will assume the roles of Chairman of the Board, President and CEO of Pinnacle West and APS effective April 1, 2025. Guldner will remain employed by Pinnacle West in a non-executive advisory capacity to support a smooth transition through the end of March 2026. Geisler has been President of APS since 2022 and has held a series of leadership positions at the company during his 23-year career at APS. Geisler began his career at APS in 2001 and has held positions on the executive team since 2018, including the past two years as President. His leadership journey includes critical roles such as Chief Financial Officer, Chief Information Officer, General Manager of Transmission and Distribution Operations and Director of Corporate Strategy, as well as other key positions across operations and corporate resources. A third-generation Arizonan, Geisler is deeply committed to the community and is currently Chairman of the Board of the Arizona Chamber of Commerce and on the board of the Greater Phoenix Economic Council (GPEC). He sits on the W.P. Carey Dean’s Council at Arizona State University and recently was chosen as the 56th Fighter Wing Command Honorary Commander at Luke Air Force Base. He has previously served on the boards of Chicanos por la Causa and Boys and Girls Club of the Valley. Geisler earned a Bachelor of Science degree from Colorado State University and an MBA from Arizona State University. He is a graduate of the Nuclear Reactor Technology Course at the Massachusetts Institute of Technology and the Strategic Financial Leadership Program at Stanford University’s Graduate School of Business.
お知らせ • Dec 12Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on March 3, 2025Pinnacle West Capital Corporation’s board of directors declared a quarterly dividend of $0.895 per share of common stock, payable on March 3, 2025, to shareholders of record at the close of business on February 3, 2025.
Seeking Alpha • Nov 23Pinnacle West Is Back To Fair ValuationSummary Pinnacle West is currently overvalued, with limited growth prospects and a forecasted annual return below 5%, leading me to rate it as a "Hold." Despite recent regulatory improvements and population growth in Arizona, PNW's EPS growth is expected to be modest, and its dividend growth is likely to remain low. The company's significant capital expenditure plans and debt obligations further constrain its upside potential, making other utilities like Enel more attractive investments. My target price for PNW is $80/share, reflecting normalized earnings and investment plans, and I recommend holding rather than buying at current valuations. Read the full article on Seeking Alpha
Recent Insider Transactions • Nov 14Insider recently sold US$860k worth of stockOn the 13th of November, Jacob Tetlow sold around 9k shares on-market at roughly US$90.80 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months.
お知らせ • Nov 09Pinnacle West Capital Corporation has filed a Follow-on Equity Offering in the amount of $900 million.Pinnacle West Capital Corporation has filed a Follow-on Equity Offering in the amount of $900 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Nov 07Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$3.47 (down from US$3.51 in 3Q 2023). Revenue: US$1.77b (up 8.0% from 3Q 2023). Net income: US$395.0m (flat on 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Nov 07+ 1 more updatePinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year of 2025Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year 2025. For the year 2025, the company estimates its consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis.
Declared Dividend • Oct 27Second quarter dividend increased to US$0.90Dividend of US$0.90 is 1.7% higher than last year. Ex-date: 4th November 2024 Payment date: 2nd December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Oct 25Now 21% undervaluedOver the last 90 days, the stock has risen 4.1% to US$88.20. The fair value is estimated to be US$112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.2%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.
お知らせ • Oct 25Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on December 2, 2024Pinnacle West Capital Corporation’s board of directors voted to raise the Company’s dividend by about 1.7%, or 6 cents per common share annually. This action will result in an indicated annual dividend of $3.58 per share – or $0.895 per share quarterly. The declared quarterly dividend is payable December 2, 2024, to shareholders of record at the close of business November 4, 2024.
お知らせ • Oct 04Pinnacle West Capital Corporation to Report Q3, 2024 Results on Nov 06, 2024Pinnacle West Capital Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024
Buy Or Sell Opportunity • Sep 26Now 20% undervaluedOver the last 90 days, the stock has risen 16% to US$88.45. The fair value is estimated to be US$111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 5.2%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
お知らせ • Sep 23Pinnacle West Capital Corporation(NYSE:PNW) dropped from FTSE All-World Index (USD)Pinnacle West Capital Corporation(NYSE:PNW) dropped from FTSE All-World Index (USD)
新しいナラティブ • Aug 25New Customer Rates And Calculated Investments Propel Revenue Growth In C&I Sectors Increased revenue potential through new customer rates and sales growth in Commercial & Industrial sectors.
Seeking Alpha • Aug 16Wait On Pinnacle West Capital For Lower Interest RatesSummary 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 from increased electricity demand from data centers. Pinnacle West is expected to benefit if interest rates are cut, but investors may want to wait for a stock price drop for a larger dividend payout. Read the full article on Seeking Alpha
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$1.79 (up from US$0.94 in 2Q 2023). Revenue: US$1.31b (up 17% from 2Q 2023). Net income: US$203.8m (up 91% from 2Q 2023). Profit margin: 16% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Aug 02Pinnacle West Capital Corporation Provides Consolidated Earnings Guidance for the Full Year 2024Pinnacle West Capital Corporation provided consolidated earnings guidance for the full year 2024. for the year, the company continues to estimate its consolidated earnings guidance will be in the range of $4.60 to $4.80 per diluted share.
Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Susan Flanagan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jul 25Upcoming dividend of US$0.88 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 03 September 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.2%).
Seeking Alpha • Jul 12Pinnacle West: Shares Look Fully Valued Now, But Growth Is On The HorizonSummary This is Arizona’s largest electric utility, now with 1.4 million customers and Phoenix and Flagstaff in its territory. It weathered an adverse regulatory decision in 2021 that cut its earnings, but this is now overturned and reasonable rates restored. Earnings outlooks were revised upward and dividend growth at higher rates should resume next year. Data centers and population growth in Arizona are expected to increase electric demand, benefiting Pinnacle West as the primary utility in the state. It remains an attractive dividend stock. Read the full article on Seeking Alpha
お知らせ • Jul 04Pinnacle West Capital Corporation to Report Q2, 2024 Results on Aug 01, 2024Pinnacle West Capital Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024
Declared Dividend • Jun 23First quarter dividend of US$0.88 announcedShareholders will receive a dividend of US$0.88. Ex-date: 1st August 2024 Payment date: 3rd September 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 21Pinnacle West Capital Corp. Appoints Three New Members to Its Board of DirectorsPinnacle West Capital Corp. announced that its board of directors has elected three new members to the company’s board: Ronald Butler Jr., a “Big 4” public accounting firm managing partner with more than 32 years of diverse management and executive leadership experience; Carol S. Eicher, a seasoned executive who has served in multiple board leadership roles with both public and private equity-backed businesses; and Susan T. Flanagan, an executive with a broad and accomplished career spanning various sectors, including regulated utilities, energy and renewables, finance and capital markets, and portfolio management. The appointments, effective July 1, 2024 increase the number of Pinnacle West directors from nine to 12, of which 11 are independent members. Butler and Flanagan have been appointed to the Board’s Audit and Finance committees. Eicher joins the Audit and the Nuclear & Operating committees. Butler – a trusted advisor to Fortune 500 executives, corporate boards and audit committees across a broad set of industries including mining and metals, technology and consumer products – began his career in 1991 with KPMG in its Phoenix office. In 1995, he joined EY, becoming a Partner in 2004 and then being promoted to Managing Partner of the Arizona practice in 2008. Over his career, Butler has advised a diverse group of public and privately held companies ranging from middle-market to large multinational companies. He also serves as EY’s U.S Mining and Metals Leader. Butler received his Bachelor of Science degree in Accountancy from the University of Arizona and is the recipient of the University of Arizona Eller College Outstanding Alumnus (2024) and the University of Arizona Alumni Association Sidney S. Woods Alumni Service Award (2015). He is a licensed CPA in the State of Arizona and a member of the Arizona Society of CPA’s and the American Institute of Certified Public Accountants. Eicher possesses more than 30 years of experience in global manufacturing, operations and mergers and acquisitions. She is on the boards of The Tennant Company (NYSE: TNC), an industrial machinery company, and Arq Inc., a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing its environmental impact. She also serves on two private company boards. Her senior leadership experience includes positions at The Dow Chemical Company, Rohm and Haas Company, Ashland Chemical Company and E.I. DuPont de Nemours and Company Inc. In her last executive role, Eicher served as CEO of Innocor Inc. from May 2014 to July 2017. Eicher holds a Bachelor of Science degree in Chemical Engineering from the University of Pennsylvania and a Master in Business Administration from York College of Pennsylvania. She volunteers as Chair of the Board of Directors for the Fairmount Park Conservancy and as Secretary of the Board of Trustees for York College of Pennsylvania. Flanagan – an experienced senior executive and subject matter expert in the energy and renewables sector – started her professional career as an aerospace engineer with General Electric (GE). Her subsequent experience spanned research and development and corporate finance at utilities Long Island Lighting Company and Dayton Power & Light; and M&A and due diligence at PricewaterhouseCoopers and Ernst & Young working closely with utilities and private equity. In 2005, Flanagan rejoined GE where she served in various senior roles, most notably as President and CEO of GE Capital’s Energy Financial Services business. Following her 2023 retirement from GE, she joined Apollo Global Management as an Operating Partner, where she advises on structured investment opportunities across the Energy value chain. Flanagan has a Bachelor of Science degree in mechanical engineering from Columbia University’s School of Engineering, and a Master of Science in Aerospace Engineering from the University of Cincinnati. She also earned an MBA from New York University'sStern School of Business. She has been actively engaged in energy transition issues and has addressed the World Economic Forum in Davos and other thought leadership venues. She served on the Columbia University School of Engineering'sBoard of Visitors.
お知らせ • Jun 20Pinnacle West Capital Corporation Declares Quarterly Dividend, Payable on September 3, 2024Pinnacle West Capital Corporation declared a quarterly dividend of $0.88 per share of common stock, payable on Sept. 3, 2024, to shareholders of record at the close of business on Aug. 1, 2024.
Seeking Alpha • Jun 10Pinnacle West: Demand For Its Electricity Is BoomingSummary 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 transmission and generation assets, leading to a substantial increase in its rate base. Despite its positive outlook, PNW is currently undervalued compared to its peers, making it an attractive investment opportunity. Read the full article on Seeking Alpha