Pinnacle West Capital (PNW) Projected to Post Earnings on Tuesday

Pinnacle West Capital (NYSE:PNW) is projected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Pinnacle West Capital to post earnings of ($0.31) per share and revenue of $1.06 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Pinnacle West Capital Price Performance

PNW stock opened at $89.37 on Tuesday. Pinnacle West Capital has a 1 year low of $66.77 and a 1 year high of $95.42. The company has a market cap of $10.16 billion, a P/E ratio of 16.93, a PEG ratio of 3.47 and a beta of 0.57. The firm has a 50-day moving average of $86.12 and a 200 day moving average of $87.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, February 3rd. Pinnacle West Capital’s dividend payout ratio is 67.80%.

Analysts Set New Price Targets

PNW has been the topic of a number of recent analyst reports. KeyCorp upgraded shares of Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price target on the stock in a report on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of Pinnacle West Capital from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Barclays cut shares of Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $93.00 to $91.00 in a report on Monday, November 18th. Jefferies Financial Group dropped their target price on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Morgan Stanley dropped their target price on shares of Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Pinnacle West Capital has an average rating of “Hold” and a consensus target price of $85.21.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.