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PNW

78.12USD+0.32(+0.41%)Market Closed

Pinnacle West Capital Corp

Market Summary

USD78.12+0.32Market Closed
0.41%

PNW Stock Price

RSI Chart

Valuation

Market Cap

7.7B

Price/Earnings

13.64

Price/Sales

1.95

Price/Cashflow

6.8

MarketCap/EBT

9.01

Price/Sales

Profitability

EBT Margin

23.93%

Return on Equity

9.58%

Return on Assets

2.51%

Fundamentals

Revenue

Revenue (TTM)

4.0B

Revenue Y/Y

6.14%

Revenue Q/Q

35.5%

Earnings

Earnings (TTM)

565.9M

Earnings Y/Y

-23.16%

Earnings Q/Q

693.05%

Price Action

52 Week Range

58.2879.39
(Low)(High)

Last 7 days

2.1%

Last 30 days

16.1%

Last 90 days

5.6%

Trailing 12 Months

25.0%

Financial Health

Current Ratio

0.89

Debt/Equity

1.09

Debt/Cashflow

0.18

Investor Care

Dividend Yield

6.64%

Dividend/Share (TTM)

4.53

Shares Dilution (1Y)

0.23%

Diluted EPS (TTM)

4.85

Peers (Alternatives to Pinnacle West Capital)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
155.3B
17.5B
10.81% -1.81%
60.19
8.88
3.90% -17.99%
45.9B
17.9B
8.85% 21.00%
17.84
2.56
13.51% 10.23%
26.6B
11.7B
9.80% 2.24%
19.96
2.43
22.12% 17.24%
21.9B
12.3B
7.65% 17.84%
17.9
1.77
12.87% -1.07%
15.8B
7.7B
5.55% -10.62%
17.61
2.05
14.72% 26.66%
10.5B
30.7B
-4.89% 16.94%
3.05
0.36
39.89% 220.90%
MID-CAP
7.7B
4.0B
16.09% 25.02%
13.64
1.95
7.05% -5.16%
7.4B
2.8B
8.84% 17.60%
7.99
2.6
-16.40% 132.35%
5.3B
1.5B
6.43% 4.86%
21.85
3.55
4.79% -5.17%
4.1B
3.5B
11.17% 9.12%
17.16
1.29
27.85% -1.57%
2.1B
589.1M
9.66% 10.88%
36.36
3.6
3.41% 4.67%
SMALL-CAP
1.6B
157.6M
6.47% -11.12%
37.33
10.06
9.67% 12.98%
855.2M
541.5M
2.22% 31.27%
20.91
1.62
20.23% 17.61%
245.2M
272.4M
-4.54% 102.78%
3.14
0.81
-31.71% 36324.09%

Financials for Pinnacle West Capital

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue1.6%3,9523,8913,8043,7463,692
Net Income-8.2%566617636590597
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets1.4%22,50122,20122,00321,53621,062
  Current Assets12.8%1,7981,5951,5511,7091,523
    Cash Equivalents109.0%2914102614
  Net PPE1.8%14,50014,24814,18414,02313,958
  Current Liabilities26.7%2,0221,5971,7571,6492,023
.    Short Term Borrowings105.7%541263292125505
  Long Term Debt-9.1%6,4247,0687,7267,7327,401
    LT Debt, Non Current0.2%7,2417,2276,9146,7636,316
Shareholder's Equity-0.4%5,9085,9315,9066,0655,718
  Retained Earnings-0.8%3,2543,2823,2653,4293,089
Accumulated Depreciation0.9%7,6687,5977,5057,3687,279
Shares Outstanding0.1%113113113113-
Minority Interest-5.3%113120115122117
Float-9,025----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations13.8%1,136999860855910
  Share Based Compensation3.1%1312182323
Cashflow From Investing-8.4%-1,531.61-1,413.20-1,386.93-1,284.63-1,274.86
Cashflow From Financing-0.2%411411477274373
  Dividend Payments0.7%375372369367362
  Buy Backs25.9%11

Risks

What is the probability of a big loss on PNW?

51.1%


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.

Returns

Cumulative Returns on PNW

8.3%


10-Year Cumulative Returns

7.2%


7-Year Cumulative Returns

0.9%


5-Year Cumulative Returns

1.1%


3-Year Cumulative Returns

What are the long-term rolling returns for PNW?

FIve years rolling returns for Pinnacle West Capital.

Which funds bought or sold PNW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
-
-
119,000
510,000
0.52%
2022-11-23
Eagle Bay Advisors LLC
ADDED
95.76
117,544
278,000
0.17%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
317,000
317,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
653,000
653,000
0.01%
2022-11-21
FourThought Financial, LLC
-
-
-12,000
86,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-1,461,000
9,674,000
0.02%
2022-11-17
M&T Bank Corp
ADDED
9.96
27,000
477,000
-%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-5,000
35,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
0.4
-1,326,000
10,280,000
0.06%
2022-11-16
Retirement Systems of Alabama
ADDED
0.22
-317,000
2,422,000
0.01%

1–10 of 44

Latest Funds Activity

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

Pinnacle West Capital News

Seeking Alpha

The Retiree's Dividend Portfolio - John's October Update: Deployed Cash, Favorable Gains.19 hours ago

PNW Fair Value

Pinnacle West Capital fair value in different scenarios

The table shows the Fair Value estimates for Pinnacle West Capital for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

52.45

-32.86%

69.72

-10.75%

84.90

8.68%

114.92

47.11%

137.63

76.18%

Current Inflation

48.21

-38.29%

62.92

-19.46%

75.26

-3.66%

100.38

28.49%

119.27

52.68%

Very High Inflation

42.96

-45.01%

54.73

-29.94%

63.94

-18.15%

83.60

7.01%

98.28

25.81%

Historical Pinnacle West Capital Fair Value Estimates


Recent SEC filings of Pinnacle West Capital

View All Filings
Date Filed Form Type Document
Nov 10, 2022
8-K
Current Report
Nov 08, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 28, 2022
8-K
Current Report
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading

Latest Insider Trading transactions for PNW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-19
GULDNER JEFFREY B.
ACQUIRED
-
-
11,127
Chairman, President & CEO
2022-10-19
Tetlow Jacob
ACQUIRED
-
-
928
-
2022-10-19
Mountain Paul J
SOLD FOR TAXES
-10,824.5
64.05
-169
VP, Finance and Treasurer
2022-10-19
Tetlow Jacob
SOLD FOR TAXES
-25,940.2
64.05
-405
-
2022-10-19
Smith Robert Edgar
ACQUIRED
-
-
3,445
EVP, GC, and CDO
2022-10-19
Easterly Donna M
SOLD FOR TAXES
-45,347.4
64.05
-708
-
2022-10-19
GULDNER JEFFREY B.
SOLD FOR TAXES
-316,855
64.05
-4,947
Chairman, President & CEO
2022-10-19
Lockwood Barbara D
ACQUIRED
-
-
1,192
-
2022-10-19
Easterly Donna M
ACQUIRED
-
-
1,589
-
2022-10-19
Blankenship Elizabeth A
SOLD FOR TAXES
-4,675.65
64.05
-73
VP, Controller and CAO

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

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
OPERATING REVENUES$ 1,469,871$ 1,308,254$ 3,315,071$ 3,004,978
OPERATING EXPENSES    
Fuel and purchased power556,571427,4521,174,027895,514
Operations and maintenance251,663232,386715,392692,131
Depreciation and amortization190,389163,523563,491480,093
Taxes other than income taxes53,47557,608165,591176,586
Other expenses - net200(2,088)1,4105,361
Total1,052,298878,8812,619,9112,249,685
OPERATING INCOME417,573429,373695,160755,293
OTHER INCOME (DEDUCTIONS)    
Allowance for equity funds used during construction9,13311,35230,96630,549
Pension and other postretirement non-service credits - net (Note 5)24,67328,13573,73984,101
Other income (Note 9)2,21912,0835,60536,719
Other expense (Note 9)(6,745)(6,182)(14,751)(15,219)
Total29,28045,38895,559136,150
INTEREST EXPENSE    
Interest charges72,18564,067205,677188,782
Allowance for borrowed funds used during construction(8,692)(5,273)(19,047)(15,466)
Total63,49358,794186,630173,316
INCOME BEFORE INCOME TAXES383,360415,967604,089718,127
INCOME TAXES52,72871,86383,577114,073
NET INCOME330,632344,104520,512604,054
Less: Comprehensive income attributable to noncontrolling interests4,3064,30612,91812,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS$ 326,326$ 339,798$ 507,594$ 591,136
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — BASIC (in shares)113,211112,923113,162112,878
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING — DILUTED (in shares)113,463113,217113,376113,178
EARNINGS PER WEIGHTED-AVERAGE COMMON SHARE OUTSTANDING    
Net income attributable to common shareholders - basic (in dollars per share)$ 2.88$ 3.01$ 4.49$ 5.24
Net income attributable to common shareholders — diluted (in dollars per share)$ 2.88$ 3.00$ 4.48$ 5.22

PNW Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS  
Cash and cash equivalents$ 7,032$ 9,969
Customer and other receivables603,197391,923
Accrued unbilled revenues221,023133,980
Allowance for doubtful accounts (Note 2)(23,999)(25,354)
Materials and supplies (at average cost)386,703349,135
Income tax receivable07,514
Fossil fuel (at average cost)53,08718,032
Assets from risk management activities (Note 7)164,79463,481
Deferred fuel and purchased power regulatory asset (Note 4)445,025388,148
Other regulatory assets (Note 4)94,676130,376
Other current assets65,01983,896
Total current assets2,016,5571,551,100
INVESTMENTS AND OTHER ASSETS  
Nuclear decommissioning trusts (Notes 11 and 12)1,025,9131,294,757
Other special use funds (Notes 11 and 12)359,394358,410
Assets from risk management activities (Note 7)86,86446,908
Other assets121,34697,884
Total investments and other assets1,593,5171,797,959
PROPERTY, PLANT AND EQUIPMENT  
Plant in service and held for future use22,275,46821,688,661
Accumulated depreciation and amortization(7,798,591)(7,504,603)
Net14,476,87714,184,058
Construction work in progress1,684,4811,329,478
Palo Verde sale leaseback, net of accumulated depreciation (Note 6)91,26494,166
Intangible assets, net of accumulated amortization246,690273,693
Nuclear fuel, net of accumulated amortization115,227106,039
Total property, plant and equipment16,614,53915,987,434
DEFERRED DEBITS  
Regulatory assets (Note 4)1,173,4151,192,987
Operating lease right-of-use assets806,509890,057
Assets for pension and other postretirement benefits (Note 5)595,511545,723
Other44,55037,962
Total deferred debits2,619,9852,666,729
TOTAL ASSETS22,844,59822,003,222
CURRENT LIABILITIES  
Accounts payable475,362393,083
Accrued taxes285,689168,645
Accrued interest61,89257,332
Common dividends payable095,988
Short-term borrowings (Note 3)466,820292,000
Current maturities of long-term debt (Note 3)27,628150,000
Customer deposits41,73142,293
Liabilities from risk management activities (Note 7)7,2404,373
Liabilities for asset retirements6,3074,473
Operating lease liabilities128,618100,443
Regulatory liabilities (Note 4)420,357296,271
Other current liabilities139,260151,968
Total current liabilities2,060,9041,756,869
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 3)7,344,2056,913,735
DEFERRED CREDITS AND OTHER  
Deferred income taxes2,418,9142,311,862
Regulatory liabilities (Note 4)2,108,2892,499,213
Liabilities for asset retirements785,540762,909
Liabilities for pension benefits (Note 5)148,403152,865
Customer advances362,140257,151
Coal mine reclamation178,095174,616
Deferred investment tax credit179,418186,570
Unrecognized tax benefits4,7174,657
Operating lease liabilities642,573728,401
Other249,287232,914
Total deferred credits and other7,077,3767,311,158
COMMITMENTS AND CONTINGENCIES (Note 8)
EQUITY  
Common stock, no par value; authorized 150,000,000 shares, 113,108,728 and 113,014,528 issued at respective dates2,720,3642,702,743
Treasury stock at cost; 36,204 and 87,608 shares at respective dates(2,603)(6,401)
Total common stock2,717,7612,696,342
Retained earnings3,580,1023,264,719
Accumulated other comprehensive loss (Note 13)(53,300)(54,861)
Total shareholders’ equity6,244,5635,906,200
Noncontrolling interests (Note 6)117,550115,260
Total equity6,362,1136,021,460
TOTAL LIABILITIES AND EQUITY$ 22,844,598$ 22,003,222