Jefferies initiated coverage on Pinnacle West with a new price target
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Jefferies initiated coverage of Pinnacle West with a rating of Buy and set a new price target of $104.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
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
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
Barclays analyst Nicholas Campanella maintains Pinnacle West Capital (NYSE:PNW) with a Overweight and lowers the price target from $81 to $78.
Morgan Stanley analyst Stephen Byrd maintains Pinnacle West Capital (NYSE:PNW) with a Equal-Weight and lowers the price target from $76 to $72.
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
SC 13G - PINNACLE WEST CAPITAL CORP (0000764622) (Subject)
SC 13G/A - PINNACLE WEST CAPITAL CORP (0000764622) (Subject)
SC 13G/A - PINNACLE WEST CAPITAL CORP (0000764622) (Subject)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
4 - PINNACLE WEST CAPITAL CORP (0000764622) (Issuer)
8-K/A - PINNACLE WEST CAPITAL CORP (0000764622) (Filer)
8-K - PINNACLE WEST CAPITAL CORP (0000764622) (Filer)
8-K - PINNACLE WEST CAPITAL CORP (0000764622) (Filer)
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