Pinnacle West Capital Co. Expected to Post Q1 2017 Earnings of $0.15 Per Share (PNW)
Pinnacle West Capital Co. (NYSE:PNW) – Stock analysts at KeyCorp issued their Q1 2017 EPS estimates for shares of Pinnacle West Capital in a research report issued to clients and investors on Tuesday. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.15 for the quarter.
Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Friday, February 24th. The utilities provider reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm earned $739 million during the quarter, compared to analysts’ expectations of $791.38 million. Pinnacle West Capital had a return on equity of 8.97% and a net margin of 12.30%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS.
Several other research analysts have also weighed in on PNW. Mizuho upped their target price on Pinnacle West Capital from $78.00 to $81.00 and gave the stock a “neutral” rating in a research report on Monday, February 27th. Zacks Investment Research lowered Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Thursday, December 22nd. Goldman Sachs Group Inc raised Pinnacle West Capital from a “sell” rating to a “neutral” rating and upped their target price for the stock from $71.00 to $74.00 in a research report on Tuesday, January 17th. Finally, Williams Capital lowered Pinnacle West Capital from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research report on Tuesday, March 7th. Seven investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $77.83.
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Shares of Pinnacle West Capital (NYSE:PNW) opened at 85.61 on Thursday. Pinnacle West Capital has a 52-week low of $70.11 and a 52-week high of $86.25. The stock has a market cap of $9.53 billion, a PE ratio of 21.67 and a beta of 0.29. The company’s 50-day moving average price is $83.56 and its 200-day moving average price is $78.08.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 1st will be given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 3.06%. Pinnacle West Capital’s payout ratio is currently 68.23%.
A number of hedge funds and other institutional investors have recently modified their holdings of PNW. WealthTrust Arizona LLC raised its position in shares of Pinnacle West Capital by 0.7% in the first quarter. WealthTrust Arizona LLC now owns 1,244 shares of the utilities provider’s stock valued at $104,000 after buying an additional 9 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Pinnacle West Capital by 9.6% in the third quarter. Mizuho Asset Management Co. Ltd. now owns 1,466 shares of the utilities provider’s stock valued at $111,000 after buying an additional 128 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Pinnacle West Capital by 15.4% in the first quarter. Tompkins Financial Corp now owns 1,500 shares of the utilities provider’s stock valued at $113,000 after buying an additional 200 shares during the last quarter. First Command Bank purchased a new position in shares of Pinnacle West Capital during the fourth quarter valued at $121,000. Finally, Parallel Advisors LLC purchased a new position in shares of Pinnacle West Capital during the fourth quarter valued at $148,000. 82.61% of the stock is currently owned by institutional investors.
Pinnacle West Capital Company Profile
Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution.
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