Pinnacle West Capital Corporation (NYSE:PNW)

Pinnacle West Capital Corporation PNW

Utilities - Regulated Electric - NYSE - US

Watchlist

$ 91.88

1.12 %

$ 10.4 B

Market Cap

17.27

P/E

1. INTRINSIC VALUE

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity.[ Read More ]

The intrinsic value of one PNW stock under the base case scenario is HIDDEN Compared to the current market price of 91.9 USD, Pinnacle West Capital Corporation is HIDDEN

PNW Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart PNW

FINANCIALS

Annual
Quarterly

4.7 B REVENUE

Growth Rates

1Year 8.59%

3Years 9.40%

5Years 4.93%

7Years 4.29%

10Years 3.12%

825 M OPERATING INCOME

Growth Rates

1Year 12.67%

3Years 1.52%

5Years 1.28%

7Years -0.53%

10Years -0.26%

519 M NET INCOME

Growth Rates

1Year 3.59%

3Years -3.09%

5Years -0.45%

7Years 1.68%

10Years 1.66%

1.21 B OPERATING CASH FLOW

Growth Rates

1Year -2.72%

3Years 7.71%

5Years -1.11%

7Years 2.39%

10Years 0.46%

-1.69 B INVESTING CASH FLOW

Growth Rates

1Year -4.71%

3Years -9.86%

5Years -7.27%

7Years -4.42%

10Years -5.32%

487 M FINANCING CASH FLOW

Growth Rates

1Year 31.01%

3Years 10.46%

5Years 48.68%

7Years 13.70%

10Years 17.53%

1.77 B REVENUE

Growth Rates

1Year 8.59%

3Years 9.40%

5Years 4.93%

7Years 4.29%

10Years 3.12%

547 M OPERATING INCOME

Growth Rates

1Year 12.67%

3Years 1.52%

5Years 1.28%

7Years -0.53%

10Years -0.26%

399 M NET INCOME

Growth Rates

1Year 3.59%

3Years -3.09%

5Years -0.45%

7Years 1.68%

10Years 1.66%

633 M OPERATING CASH FLOW

Growth Rates

1Year -2.72%

3Years 7.71%

5Years -1.11%

7Years 2.39%

10Years 0.46%

-582 M INVESTING CASH FLOW

Growth Rates

1Year -4.71%

3Years -9.86%

5Years -7.27%

7Years -4.42%

10Years -5.32%

-5.82 M FINANCING CASH FLOW

Growth Rates

1Year 31.01%

3Years 10.46%

5Years 48.68%

7Years 13.70%

10Years 17.53%

Balance Sheet Decomposition Pinnacle West Capital Corporation

24.7 B ASSETS
18.4 B LIABILITIES

Current Assets	1.93 B
Cash & Short-Term Investments	4.96 M
Receivables	659 M
Other Current Assets	1.26 B
Non-Current Assets	22.7 B
Long-Term Investments	1.56 B
PP&E	19 B
Other Non-Current Assets	2.15 B

Current Liabilities	2.89 B
Accounts Payable	442 M
Short-Term Debt	1.55 B
Other Current Liabilities	895 M
Non-Current Liabilities	15.5 B
Long-Term Debt	8.75 B
Other Non-Current Liabilities	6.74 B

EFFICIENCY

Earnings Waterfall Pinnacle West Capital Corporation

Revenue	4.7 B
Cost Of Revenue	2.85 B
Gross Profit	1.84 B
Operating Expenses	1.02 B
Operating Income	825 M
Other Expenses	306 M
Net Income	519 M

RATIOS

39.28% GROSS MARGIN

Averages

1Year 39.28%

3Years 41.13%

5Years 42.36%

7Years 43.02%

10Years 42.82%

17.56% OPERATING MARGIN

Averages

1Year 17.56%

3Years 18.55%

5Years 19.40%

7Years 20.59%

10Years 21.63%

10.68% NET MARGIN

Averages

1Year 10.68%

3Years 12.71%

5Years 13.80%

7Years 13.79%

10Years 13.31%

8.12% ROE

Averages

1Year 8.12%

3Years 8.86%

5Years 9.26%

7Years 9.40%

10Years 9.37%

2.03% ROA

Averages

1Year 2.03%

3Years 2.32%

5Years 2.53%

7Years 2.63%

10Years 2.68%

4.72% ROIC

Averages

1Year 4.72%

3Years 4.80%

5Years 5.26%

7Years 5.49%

10Years 5.81%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Pinnacle West Capital Corporation

Net Income	519 M
Depreciation & Amortization	854 M
Capital Expenditures	-1.85 B
Stock-Based Compensation	17.3 M
Change in Working Capital	-172 M
Others	-160 M
Free Cash Flow	-639 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Pinnacle West Capital Corporation

Wall Street analysts predict an average 1-year price target for PNW of $80.8 , with forecasts ranging from a low of $71 to a high of $98 .

PNW Lowest Price Target Wall Street Target

71 USD -22.73%

PNW Average Price Target Wall Street Target

80.8 USD -12.02%

PNW Highest Price Target Wall Street Target

98 USD 6.66%

4. DIVIDEND ANALYSIS

0.98% DIVIDEND YIELD

0.895 USD DIVIDEND PER SHARE

5. COMPETITION

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises.

61.7 USD

CMS

Overvalued 9.61%

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission.

86.8 USD

AEE

Overvalued 4.85%

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other.

-37.9 USD

MGEE

Overvalued 136.10%

Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States.

-50.1 USD

EVRG

Overvalued 178.53%

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan.

113 USD

DTE

Overvalued 5.78%

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other.

45.7 USD

LNT

Overvalued 25.09%

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments.

30.3 USD

CNP

Overvalued 1.89%

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments.

41.3 USD

Overvalued 0.52%

Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California.

63 USD

EIX

Overvalued 24.73%

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States.

-74.3 USD

PEG

Overvalued 183.48%

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.

-71.3 USD

IDA

Overvalued 160.83%

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

48 USD

POR

Undervalued 2.83%

Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States.

46.2 USD

AGR

Undervalued 28.33%

6. Ownership

Insider Ownership Pinnacle West Capital Corporation

Summary
Transactions

Sold

0-3 MONTHS

860 K USD 1

3-6 MONTHS

655 K USD 2

6-9 MONTHS

0 USD 0

9-12 MONTHS

122 K USD 1

Bought

0 USD 0

0-3 MONTHS

43.3 K USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
4 days ago Nov 13, 2024	Sell 860 K USD	Tetlow Jacob other: EVP, COO, APS	- 9474	90.8 USD
3 months ago Aug 05, 2024	Bought 43.3 K USD	Flanagan Susan T. Director	+ 500	86.54 USD
3 months ago Aug 09, 2024	Sell 425 K USD	Smith Robert Edgar EVP, GC, and CDO	- 4950	85.8 USD
3 months ago Aug 08, 2024	Sell 230 K USD	Mountain Paul J VP, Finance and Treasurer	- 2700	85.28 USD
11 months ago Dec 08, 2023	Sell 122 K USD	Smith Robert Edgar EVP, GC, and CDO	- 1610	75.95 USD
1 year ago Aug 24, 2023	Sell 119 K USD	Geisler Theodore N	- 1484	79.93 USD
1 year ago Aug 24, 2023	Sell 79.3 USD	Geisler Theodore N	- 1	79.29 USD
1 year ago Aug 24, 2023	Sell 479 USD	Geisler Theodore N	- 6	79.8 USD
3 years ago Oct 12, 2021	Sell 16.7 K USD	Geisler Theodore N	- 247	67.58 USD
1 year ago Dec 06, 2022	Sell 53.7 K USD	Lockwood Barbara D Director	- 689	77.88 USD
6 years ago Sep 09, 2018	Sell 190 K USD	MUNRO KATHRYN L Director	- 2468	76.99 USD
2 years ago May 17, 2022	Sell 259 K USD	Lockwood Barbara D director:	- 3489	74.25 USD

7. News

Pinnacle West Capital Corporation (PNW) Q3 2024 Earnings Call Transcript Pinnacle West Capital Corporation (NYSE:PNW ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Amanda Ho - IR Jeffrey Guldner - Chairman, President and CEO Andrew Cooper - SVP and CFO, Pinnacle West Capital Corporation and Arizona Public Service Company Ted Geisler - President, Arizona Public Service Company Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays David Arcaro - Morgan Stanley Anthony Crowdell - Mizuho Paul Patterson - Glenrock Associates Julien Dumoulin-Smith - Jefferies Sophie Karp - KeyBanc Steve Fleishman - Wolfe Research Dylan Lipner - Ladenburg Thalmann & Company Operator Good day everyone and welcome to the Pinnacle West Capital Corporation 2024 Third Quarter Earnings Conference Call. At this time, all participants have been placed on a listen-only mode. seekingalpha.com - 1 week ago

Pinnacle West Third-Quarter Earnings and Sales Beat Estimates PNW third-quarter earnings decrease year over year, while revenues increase. Total operating expenses also increase during the same period. zacks.com - 1 week ago

Pinnacle West (PNW) Q3 Earnings and Revenues Surpass Estimates Pinnacle West (PNW) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.50 per share a year ago. zacks.com - 1 week ago

Pinnacle West Reports Slightly Lower 2024 Third-Quarter Results Compared to a Year Ago PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital reports slightly lower 2024 third-quarter results compared to a year-ago. businesswire.com - 1 week ago

Pinnacle West Capital to Post Q3 Earnings: Here's What to Expect PNW's Q3 results are expected to continue benefiting from retail customer growth. However, rising expenses might offset some positives. zacks.com - 2 weeks ago

16 Upcoming Dividend Increases All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week. seekingalpha.com - 2 weeks ago

Pinnacle West (PNW) Expected to Beat Earnings Estimates: Can the Stock Move Higher? Pinnacle West (PNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 weeks ago

Pinnacle West Declares Quarterly Dividend PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital's board voted today to raise the Company's dividend by about 1.7%, or 6 cents per common share annually. businesswire.com - 3 weeks ago

U.S. Department of Energy Funds to Help Strengthen APS Smart Grid With New Technology PHOENIX--(BUSINESS WIRE)--The U.S. Department of Energy announced it has awarded APS $70 million for smart grid resilience, reliability and wildfire mitigation projects. businesswire.com - 4 weeks ago

Utilities: Why Pinnacle West Capital is a good buy Today on Yahoo Finance's Good Buy or Goodbye, Host Julie Hyman is joined by Mizuho Americas managing director and senior analyst of utilities Anthony Crowdell to discuss the best and worst stock picks for investors in the utilities sector (XLU). Crowdell recommends Pinnacle West Capital (PNW) as a buy. youtube.com - 1 month ago

Top Wall Street Analyst Loves High-Yield Dividend Utility Stocks 24/7 Wall St. Insights The utility sector is up a whopping 20% in 2024. 247wallst.com - 1 month ago

Pinnacle West Sets Date for 2024 Third-Quarter Financial Results, Webcast/Conference Call PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 third-quarter financial results before U.S. financial markets open on Wednesday, Nov. 6, 2024. businesswire.com - 1 month ago

8. Profile Summary

Pinnacle West Capital Corporation PNW

COUNTRY US

INDUSTRY Regulated Electric

MARKET CAP $ 10.4 B

Dividend Yield 0.98%

Description Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Contact 400 North Fifth Street, Phoenix, AZ, 85072-3999 https://www.pinnaclewest.com

IPO Date Aug. 28, 1961

Employees 6133

Officers Mr. Adam C. Heflin EVice President & Chief Nuclear Officer of Palo Verde Generating Station of Arizona Public Service Company Mr. Rufad Omanovic Manager - Corporate Finance Ms. Amanda Ho Director of Investor Relations Mr. Cary Harbor Senior Vice President of Site Ops. of Palo Verde Generating Station for Arizona Public Service Company Mr. Andrew D. Cooper Senior Vice President & Chief Financial Officer Mr. Todd Horton SVice President of Nuclear Regulatory & Oversight of Palo Verde Generating Station for APS Ms. Elizabeth A. Blankenship Vice President, Controller & Chief Accounting Officer Mr. Jeffrey B. Guldner Chairman, President & Chief Executive Officer Mr. Robert E. Smith Executive Vice President, General Counsel & Chief Development Officer Mr. Theodore N. Geisler President of Arizona Public Service Company

Price Chart PNW

Pinnacle West Capital Corporation PNW

Premium Plan

Unlimited Plan