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Pinnacle West Capital Corp Stock Research

PNW

76.80USD+0.41(+0.54%)Market Closed

Market Summary

USD76.80+0.41
Market Closed
0.54%

PNW Stock Price

PNW RSI Chart

PNW Valuation

Market Cap

9.0B

Price/Earnings (Trailing)

17.93

Price/Sales (Trailing)

2.08

Price/Free Cashflow

7.23

PNW Price/Sales (Trailing)

PNW Profitability

Return on Equity

8.28%

Return on Assets

2.2%

Free Cashflow Yield

13.83%

PNW Fundamentals

PNW Revenue

Revenue (TTM)

4.5B

Revenue Y/Y

20.6%

Revenue Q/Q

-6.38%

PNW Earnings

Earnings (TTM)

500.8M

Earnings Y/Y

-161.73%

Earnings Q/Q

-105.95%

Price Action

52 Week Range

58.2881.63
(Low)(High)

Last 7 days

-0.9%

Last 30 days

-1.7%

Last 90 days

4.7%

Trailing 12 Months

0.5%

PNW Financial Health

Current Ratio

0.99

Debt/Equity

1.09

Debt/Cashflow

0.18

PNW Investor Care

Dividend Yield

4.47%

Dividend/Share (TTM)

3.43

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

4.08

Peers (Alternatives to Pinnacle West Capital)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
149.5B
24.8B
-0.20% 0.05%
22.37
6.03
52.66% 359.07%
47.9B
19.7B
-10.84% -17.67%
20.79
2.44
15.40% -7.33%
24.0B
12.6B
-11.38% -25.49%
16.41
1.9
20.03% 11.86%
22.2B
13.9B
-7.85% -17.74%
20.08
1.61
17.76% -1.37%
14.4B
8.3B
-5.97% -19.19%
21.11
1.74
15.61% -16.75%
MID-CAP
9.0B
4.5B
-1.70% 0.48%
17.93
2.08
15.29% -21.25%
7.8B
31.4B
2.76% -26.08%
6.39
0.25
17.07% -44.17%
7.0B
3.3B
-5.74% -12.83%
10.51
2.09
27.99% -9.71%
5.6B
1.7B
-6.84% -2.91%
21.74
3.43
16.35% 8.84%
3.9B
3.9B
-7.48% -15.38%
17.3
1.02
29.83% -9.45%
2.4B
633.7M
-1.31% 26.23%
32.2
3.83
8.66% 32.50%
SMALL-CAP
1.4B
164.4M
5.34% -5.47%
32.76
8.56
11.99% -13.27%
855.9M
590.8M
-9.10% -5.24%
19.45
1.45
12.08% 13.70%
278.1M
343.0M
0.32% 112.14%
2.8
0.76
3.38% 82.31%

Financials for Pinnacle West Capital

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue3.7%4,4864,3244,1143,9523,891
Costs and Expenses4.6%3,7583,5923,3693,1953,079
Interest Expenses5.7%270256247242237
Net Income-9.3%501552566617-
Net Income Margin-13.7%0.12*0.13*0.13*0.16*-
Free Cahsflow0.8%1,2411,2311,136999-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets3.8%23,58022,72322,84522,50122,201
  Current Assets-0.1%1,7481,7512,0171,7981,595
    Cash Equivalents43.9%7.005.007.0029.0014.00
  Net PPE0.2%14,55214,52214,47714,50014,248
  Current Liabilities-2.1%1,7241,7622,0612,0221,597
.    Short Term Borrowings46.0%498341467541263
    LT Debt, Non Current2.3%7,9177,7417,3447,2417,227
Shareholder's Equity1.9%6,1646,0496,2456,0226,050
  Retained Earnings-0.1%3,3573,3603,5803,2543,282
Accumulated Depreciation1.8%8,0737,9307,7997,6687,597
Shares Outstanding0.0%113113113--
Minority Interest3.9%116111118113120
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-10.4%1,1121,2411,2311,136999
  Share Based Compensation-10.7%14.0016.0015.0013.0012.00
Cashflow From Investing-4.9%-1,696-1,618-1,646-1,531-1,413
Cashflow From Financing55.5%577371396411411
  Dividend Payments0.5%381379377375372

Risks for PNW

What is the probability of a big loss on PNW?

60.8%


Probability that Pinnacle West Capital stock will be more than 20% underwater in next one year

19.2%


Probability that Pinnacle West Capital stock will be more than 30% underwater in next one year.

0%


Probability that Pinnacle West Capital stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PNW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Pinnacle West Capital was unfortunately bought at previous high price.

Drawdowns

Returns for PNW

Cumulative Returns on PNW

6.7%


10-Year Cumulative Returns

4.3%


7-Year Cumulative Returns

3.2%


5-Year Cumulative Returns

4.9%


3-Year Cumulative Returns

What are the long-term rolling returns for PNW?

FIve years rolling returns for Pinnacle West Capital.

Annualized Returns

Which funds bought or sold PNW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-24
Verity Asset Management, Inc.
reduced
-9.91
-15,305
234,867
0.14%
2023-05-22
AMERIPRISE FINANCIAL INC
added
12.3
7,529,890
51,611,900
0.02%
2023-05-22
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
reduced
-9.88
-28,104
433,839
0.17%
2023-05-22
American Trust
sold off
-100
-392,518
-
-%
2023-05-18
JPMORGAN CHASE & CO
reduced
-6.12
-1,366,000
61,638,000
0.01%
2023-05-18
SkyView Investment Advisors, LLC
new
-
-
-
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-3.67
32,000
8,307,000
0.01%
2023-05-17
Thrivent Financial for Lutherans
added
18.26
1,934,000
10,257,000
0.03%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
184
699,378
996,124
0.01%
2023-05-17
Advisory Services Network, LLC
added
21.79
69,409
327,236
0.01%

1–10 of 42

Latest Funds Activity

Are funds buying PNW calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PNW
No. of Funds

Pinnacle West Capital News

Defense World
Vanguard Personalized Indexing Management LLC Sells 1669 ....
Defense World,
13 hours ago
Best Stocks
Yahoo Finance

Schedule 13G FIlings of Pinnacle West Capital

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 08, 2023
lazard asset management llc
6.24%
7,065,285
SC 13G/A
Feb 09, 2023
vanguard group inc
12.57%
14,225,294
SC 13G/A
Feb 07, 2023
blackrock inc.
8.9%
10,033,796
SC 13G/A
Feb 11, 2022
state street corp
5.18%
5,840,218
SC 13G/A
Feb 10, 2022
lazard asset management llc
9.54%
10,767,862
SC 13G
Feb 09, 2022
vanguard group inc
11.61%
13,097,183
SC 13G/A
Feb 01, 2022
blackrock inc.
8.6%
9,700,369
SC 13G/A
Feb 10, 2021
vanguard group inc
11.36%
12,790,135
SC 13G/A
Feb 09, 2021
state street corp
5.46%
6,146,134
SC 13G
Jan 29, 2021
blackrock inc.
9.2%
10,387,249
SC 13G/A

PNW Fair Value

Recent SEC filings of Pinnacle West Capital

View All Filings
Date Filed Form Type Document
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 19, 2023
8-K
Current Report

Latest Insider Trading transactions for PNW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
Svinicki Kristine L
acquired
149,816
78.52
1,908
-
2023-05-17
NORDSTROM BRUCE J
acquired
149,816
78.52
1,908
-
2023-03-10
NORDSTROM BRUCE J
gifted
-
-
-33,178
-
2023-03-10
NORDSTROM BRUCE J
gifted
-
-
33,178
-
2023-03-01
Svinicki Kristine L
acquired
45,879
73.29
626
-
2023-02-17
Cooper Andrew D
acquired
-
-
31.00
svp & cfo
2023-02-17
Esparza Jose Luis Jr
acquired
-
-
430
-
2023-02-17
Tetlow Jacob
back to issuer
-9,087
75.1
-121
-
2023-02-17
Esparza Jose Luis Jr
sold (taxes)
-14,419
75.1
-192
-
2023-02-17
Heflin Adam C
back to issuer
-11,715
75.1
-156
-

1–10 of 50

Jeffrey B. Guldner
90
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.

PNW Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
OPERATING REVENUES$ 944,955$ 783,531
OPERATING EXPENSES  
Fuel and purchased power394,504265,269
Operations and maintenance250,080218,342
Depreciation and amortization191,906186,605
Taxes other than income taxes57,13857,998
Other expenses610825
Total894,238729,039
OPERATING INCOME50,71754,492
OTHER INCOME (DEDUCTIONS)  
Allowance for equity funds used during construction15,0619,747
Pension and other postretirement non-service credits - net (Note 5)9,86523,809
Other income (Note 9)6,0771,704
Other expense (Note 9)(4,131)(3,422)
Total26,87231,838
INTEREST EXPENSE  
Interest charges88,11965,389
Allowance for borrowed funds used during construction(12,722)(4,482)
Total75,39760,907
INCOME BEFORE INCOME TAXES2,19225,423
INCOME TAXES1,1834,161
NET INCOME1,00921,262
Less: Comprehensive income attributable to noncontrolling interests4,3064,306
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS$ (3,297)$ 16,956
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares)113,358113,102
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares)113,358113,295
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING  
Net income (loss) attributable to common shareholders - basic (in dollars per share)$ (0.03)$ 0.15
Net income (loss) attributable to common shareholders — diluted (in dollars per share)$ (0.03)$ 0.15

PNW Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS  
Cash and cash equivalents$ 6,951$ 4,832
Customer and other receivables449,096453,209
Accrued unbilled revenues143,276164,764
Allowance for doubtful accounts (Note 2)(22,112)(23,778)
Materials and supplies (at average cost)425,457410,481
Income tax receivable11,69914,086
Fossil fuel (at average cost)39,57140,155
Assets from risk management activities (Note 7)16,09587,835
Deferred fuel and purchased power regulatory asset (Note 4)469,962460,561
Other regulatory assets (Note 4)130,84078,318
Other current assets77,55160,091
Total current assets1,748,3861,750,554
INVESTMENTS AND OTHER ASSETS  
Nuclear decommissioning trusts (Notes 11 and 12)1,125,6171,073,410
Other special use funds (Notes 11 and 12)352,877347,231
Assets from risk management activities (Note 7)17,08244,394
Other assets147,430125,672
Total investments and other assets1,643,0061,590,707
PROPERTY, PLANT AND EQUIPMENT  
Plant in service and held for future use22,624,10422,452,146
Accumulated depreciation and amortization(8,072,595)(7,929,878)
Net14,551,50914,522,268
Construction work in progress2,101,8301,882,791
Palo Verde sale leaseback, net of accumulated depreciation (Note 6)89,32990,296
Intangible assets, net of accumulated amortization260,454258,880
Nuclear fuel, net of accumulated amortization112,735100,119
Total property, plant and equipment17,115,85716,854,354
DEFERRED DEBITS  
Regulatory assets (Note 4)1,258,6631,283,221
Operating lease right-of-use assets1,361,847801,688
Assets for pension and other postretirement benefits (Note 5)405,409396,599
Other47,20546,282
Total deferred debits3,073,1242,527,790
TOTAL ASSETS23,580,37322,723,405
CURRENT LIABILITIES  
Accounts payable361,410430,425
Accrued taxes214,484164,440
Accrued interest72,14661,217
Common dividends payable097,895
Short-term borrowings (Note 3)497,550340,720
Current maturities of long-term debt (Note 3)60,82150,685
Customer deposits41,18641,769
Liabilities from risk management activities (Note 7)83,87437,697
Liabilities for asset retirements20,32112,232
Operating lease liabilities65,130105,210
Less: current regulatory liabilities202,266271,575
Other current liabilities105,141148,276
Total current liabilities1,724,3291,762,141
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 3)7,916,5547,741,286
DEFERRED CREDITS AND OTHER  
Deferred income taxes2,379,7202,384,421
Total non-current regulatory liabilities2,060,2732,061,776
Liabilities for asset retirements787,220785,530
Liabilities for pension benefits (Note 5)114,290116,286
Customer advances532,596422,103
Coal mine reclamation180,446179,255
Deferred investment tax credit184,427180,677
Unrecognized tax benefits38,86338,658
Operating lease liabilities1,240,584639,247
Other256,620252,149
Total deferred credits and other7,775,0397,060,102
COMMITMENTS AND CONTINGENCIES (Note 8)
EQUITY  
Common stock, no par value; authorized 150,000,000 shares, 113,359,467 and 113,247,189 issued at respective dates2,730,8512,724,740
Treasury stock at cost; 106,141 and 73,613 shares at respective dates(7,451)(5,005)
Total common stock2,723,4002,719,735
Retained earnings3,357,0523,360,347
Accumulated other comprehensive loss (Note 13)(31,536)(31,435)
Total shareholders’ equity6,048,9166,048,647
Noncontrolling interests (Note 6)115,535111,229
Total equity6,164,4516,159,876
TOTAL LIABILITIES AND EQUITY$ 23,580,373$ 22,723,405