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 5,728 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,225 miles of overhead lines and approximately 22,453 miles of underground primary cable, as well as owns and maintains 80 transmission substations and 443 distribution substations. The company also owns or leases approximately 6,321 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
IPO Year:
Exchange: NYSE
Website: pinnaclewest.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | $101.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 11/18/2024 | $93.00 → $91.00 | Overweight → Equal Weight | Barclays |
| 9/20/2024 | $104.00 | Buy | Jefferies |
| 6/6/2024 | $74.00 → $83.50 | Neutral → Buy | Ladenburg Thalmann |
| 4/29/2024 | $78.00 | Neutral | Citigroup |
| 3/18/2024 | $71.00 → $80.00 | Neutral → Buy | BofA Securities |
| 3/11/2024 | $68.00 → $71.00 | Sell → Neutral | UBS |
| 2/14/2024 | $69.00 | Neutral | Ladenburg Thalmann |
| 1/22/2024 | $78.00 | Neutral → Buy | Guggenheim |
| 10/5/2023 | Underweight → Sector Weight | KeyBanc Capital Markets |
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
Additions Butler, Eicher & Flanagan bring diverse experience, financial acumen Pinnacle West Capital Corp. (NYSE:PNW) announced today 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
Arizona Public Service Co. (APS) announced today that Adam Heflin has been named Executive Vice President and Chief Nuclear Officer (CNO) at the Palo Verde Generating Station, effective June 6. Heflin succeeds Maria Lacal, who recently announced her intent to retire after a distinguished 41-year career in the commercial nuclear industry. Heflin previously served as Chief Executive Officer (CEO) and CNO of the Wolf Creek Nuclear Operating Corporation in Kansas until his retirement in 2019. Prior to that, he was the CNO at Ameren's Callaway Energy Center in Missouri. Heflin worked with Palo Verde this year as part of its Offsite Safety Review Committee and has served on the board of the STAR
New Director Appointed; One Director Announces Retirement Orion Group Holdings, Inc. (NYSE:ORN) (the "Company") a leading specialty construction company, today announced the appointment of Quentin P. Smith, Jr. to the Board of Directors, as well as the retirement of Richard L. Daerr, Jr. as a board member. The Board's appointment of Mr. Smith to the Board of Directors is effective January 21, 2022. His initial term will expire at the 2022 annual meeting of stockholders, at which time the Board will propose Mr. Smith for re-election as a Class II Director to serve until the 2024 annual meeting of stockholders. In addition, Richard L. Daerr, Jr. has announced his retirement from the Board e
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Pinnacle West Capital Corp. (NYSE:PNW) announced today that Pinnacle West and Arizona Public Service (APS) Chairman and CEO Jeff Guldner will retire as Chairman of the Board, CEO and board member 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212666520/en/Pinnacle West and Arizona Public
Pinnacle West Capital Corporation's (NYSE:PNW) board of directors today 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 Feb. 3, 2025. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of more than $26 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to about 1.4 million Arizona homes and businesses. For more information about Pinnacle West, visit the company's website at pinna
Customers to benefit from more savings, greater resource diversity and expanded transmission pathways Today, Arizona Public Service (APS), Salt River Project (SRP), Tucson Electric Power (TEP) and UniSource Energy Services announced plans to join Southwest Power Pool's (SPP) Markets+, a day-ahead and real-time energy market that is anticipated to span through the northwest, southwest and mountain west regions of the U.S. The new market is expected to bring enhanced reliability and savings of nearly $100 million above current market participation, passed back across the electric companies' customers. It will also support the addition of more renewable resources to the energy grid, as Arizo
Enough electricity to power nearly 1.4 million air conditioners at the same time Arizona Public Service (APS) has signed agreements to add new energy supplies to its energy mix – APS's largest-ever planned addition of new power sources. In all, APS will add nearly 7,300 megawatts (MW) of renewable power, battery energy storage and natural gas to meet the state's growing demand for energy. Picture this, that's enough electricity to run nearly 1.4 million air conditioners at the same time. The deals, inked through its 2023 All Source Request for Proposals (ASRFP), will add new generation resources and expand existing power plants and power purchase agreements. "With almost 7,300 MW of ene
Record-setting summer heat drives increase in customer sales and usage Operating performance, reliability remain strong for customers Creative approach used to address monsoon outages, restore power Pinnacle West Capital Corp. (NYSE:PNW) today reported consolidated net income attributable to common shareholders for the 2024 third quarter of $395.0 million, or $3.37 per diluted share of common stock. This result compares with consolidated net income of $398.2 million, or $3.50 per diluted share of common stock, for the same period a year ago. The results reflect a decrease of about $3 million, primarily as a result of higher operations and maintenance expense; increased depreciation
Third-Quarter Financial Results, Conference Call Scheduled for Nov. 6 Pinnacle West Capital Corporation's (NYSE:PNW) board of directors voted today 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 Dec. 2, 2024, to shareholders of record at the close of business Nov. 4, 2024. Earnings Release, Webcast and Conference Call In addition, as previously announced, Pinnacle West plans to release its 2024 third-quarter results before the U.S. financial markets open on Wednesday, Nov. 6, 2024. That same day at 11
TransCanyon LLC's Cross-Tie Project has reached a significant milestone with the recent announcement from the Bureau of Land Management (BLM) and United States Department of Agriculture-Forest Service (Forest Service) regarding the availability of the Final Environmental Impact Statement (FEIS). This document marks a key step in development of the Cross-Tie 500-kV Transmission Project, a major infrastructure initiative aimed at enhancing the region's energy transmission capabilities. "We are excited to announce the next stage for the proposed Cross-Tie 500-kV Transmission Project," said BLM West Desert District Manager Michael Gates. "This transmission line represents a critical pathway in
APS selected for $70 million in grants to increase system resilience and wildfire mitigation The U.S. Department of Energy (DOE) Grid Deployment Office announced it has awarded Arizona Public Service Company (APS) two grants, totaling $70 million, for projects to strengthen smart grid resilience, expand wildfire prevention and mitigation measures and help meet customers' growing energy needs. The funds are part of the DOE's Grid Resilience and Innovation Partnerships (GRIP) program, which is focused on enhancing and improving electric systems in rural, tribal and disadvantaged communities across the country. "The APS energy grid spans more than 38,000 miles of power lines throughout Arizo
Pinnacle West Capital Corp. (NYSE:PNW) announced today that it plans to release its 2024 third-quarter financial results before the U.S. financial markets open on Wednesday, Nov. 6, 2024. That same day at 11 a.m. ET (9 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments. To access the live session: Join the webcast at www.pinnaclewest.com/presentations for audio of the call and slides; or Dial (888) 506-0062 or (973) 528-0011 for international callers and enter participant access code 952382. To access the replay: Visit www.pinnaclewest.com/presentations within 30 days for the webcast recording. An audi
New customer rates, record heat positively impact quarter-over-quarter earnings Customer and sales growth continue to reflect a strong Arizona economy Expanded bill assistance, heat relief and energy efficiency programs provide greater support to customers Pinnacle West Capital Corp. (NYSE:PNW) today reported consolidated net income attributable to common shareholders of $203.8 million, or $1.76 per diluted share of common stock, for the quarter ended June 30, 2024. This result compares with consolidated net income of $106.7 million, or $0.94 per diluted share, for the same period in 2023. New customer rates, which took effect in March 2024, and record June heat were the primary
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
KeyBanc Capital Markets upgraded Pinnacle West from Sector Weight to Overweight and set a new price target of $101.00
Barclays downgraded Pinnacle West from Overweight to Equal Weight and set a new price target of $91.00 from $93.00 previously
Jefferies initiated coverage of Pinnacle West with a rating of Buy and set a new price target of $104.00
Ladenburg Thalmann upgraded Pinnacle West from Neutral to Buy and set a new price target of $83.50 from $74.00 previously
Citigroup initiated coverage of Pinnacle West with a rating of Neutral and set a new price target of $78.00
BofA Securities upgraded Pinnacle West from Neutral to Buy and set a new price target of $80.00 from $71.00 previously
UBS upgraded Pinnacle West from Sell to Neutral and set a new price target of $71.00 from $68.00 previously
Ladenburg Thalmann initiated coverage of Pinnacle West with a rating of Neutral and set a new price target of $69.00
Guggenheim upgraded Pinnacle West from Neutral to Buy and set a new price target of $78.00
KeyBanc Capital Markets upgraded Pinnacle West from Underweight to Sector Weight
Pinnacle West Capital Corporation's (NYSE:PNW) board of directors today 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 Feb. 3, 2025. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of more than $26 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to about 1.4 million Arizona homes and businesses. For more information about Pinnacle West, visit the company's website at pinna
Record-setting summer heat drives increase in customer sales and usage Operating performance, reliability remain strong for customers Creative approach used to address monsoon outages, restore power Pinnacle West Capital Corp. (NYSE:PNW) today reported consolidated net income attributable to common shareholders for the 2024 third quarter of $395.0 million, or $3.37 per diluted share of common stock. This result compares with consolidated net income of $398.2 million, or $3.50 per diluted share of common stock, for the same period a year ago. The results reflect a decrease of about $3 million, primarily as a result of higher operations and maintenance expense; increased depreciation
Third-Quarter Financial Results, Conference Call Scheduled for Nov. 6 Pinnacle West Capital Corporation's (NYSE:PNW) board of directors voted today 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 Dec. 2, 2024, to shareholders of record at the close of business Nov. 4, 2024. Earnings Release, Webcast and Conference Call In addition, as previously announced, Pinnacle West plans to release its 2024 third-quarter results before the U.S. financial markets open on Wednesday, Nov. 6, 2024. That same day at 11
Pinnacle West Capital Corp. (NYSE:PNW) announced today that it plans to release its 2024 third-quarter financial results before the U.S. financial markets open on Wednesday, Nov. 6, 2024. That same day at 11 a.m. ET (9 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments. To access the live session: Join the webcast at www.pinnaclewest.com/presentations for audio of the call and slides; or Dial (888) 506-0062 or (973) 528-0011 for international callers and enter participant access code 952382. To access the replay: Visit www.pinnaclewest.com/presentations within 30 days for the webcast recording. An audi
New customer rates, record heat positively impact quarter-over-quarter earnings Customer and sales growth continue to reflect a strong Arizona economy Expanded bill assistance, heat relief and energy efficiency programs provide greater support to customers Pinnacle West Capital Corp. (NYSE:PNW) today reported consolidated net income attributable to common shareholders of $203.8 million, or $1.76 per diluted share of common stock, for the quarter ended June 30, 2024. This result compares with consolidated net income of $106.7 million, or $0.94 per diluted share, for the same period in 2023. New customer rates, which took effect in March 2024, and record June heat were the primary
Pinnacle West Capital Corp. (NYSE:PNW) announced today that it plans to release its 2024 second-quarter financial results before the U.S. financial markets open on Thursday, Aug. 1, 2024. That same day at noon ET (9 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments. To access the live session: Join the webcast at www.pinnaclewest.com/presentations for audio of the call and slides; or Dial (888) 506-0062 or (973) 528-0011 for international callers and enter participant access code 830240. To access the replay: Visit www.pinnaclewest.com/presentations within 30 days for the webcast recording. An
Pinnacle West Capital Corporation's (NYSE:PNW) board of directors today 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. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of nearly $25 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses. For more information about Pinnacle West, visit the company's website at p
Improved quarterly results impacted by customer growth, increased sales and new rates APS employees focus on summer preparedness, reliability and resilience Company reaffirms full-year 2024 guidance Pinnacle West Capital Corp. (NYSE:PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024. This result compares with a consolidated net loss attributable to common shareholders of $3.3 million, or a loss of $0.03 per diluted share, for the same period in 2023. The improved first-quarter results reflect the impact of new retail base rates which took effect March 8
Pinnacle West Capital Corporation's (NYSE:PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on June 3, 2024, to shareholders of record at the close of business on May 1, 2024. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of nearly $25 billion, about 6,500 megawatts of generating capacity and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses. For more information about Pinnacle West, visit the company's website at pin
Pinnacle West Capital Corp. (NYSE:PNW) announced today that it plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024. That same day at 10 a.m. ET (7 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments. To access the live session: Join the webcast at www.pinnaclewest.com/presentations for audio of the call and slides; or Dial (888) 506-0062 or (973) 528-0011 for international callers and enter participant access code 612288. To access the replay: Visit www.pinnaclewest.com/presentations within 30 days for the webcast recording. An
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