Pinnacle West Capital Corporation (PNW) has been making moves with a series of financial announcements. Notably, the company declared a
quarterly dividend of $0.895 per share and represents a return of 54% over the previous three years. The steady dividend advancement coincides with financial demands as the company submits requests for a
major rate increase, a crucial test of regulatory relationships. Despite the robust dividends, the Q1 2025 earnings results were mixed, with revenues beating estimates but EPS missing the mark. Pinnacle West has engaged in active leadership succession and a succession strategy is in place. Analysts, in light of full-year results, are updating their estimates. While there are concerns the stock may have accelerated too rapidly, others view it as a
strong value stock. In the hot utility sector,
Pinnacle West is a fund favorite, with an expected 5%-7% EPS growth through 2025. As part of its expansion strategy, the company has announced $650 Million of common stock public offering. Despite recent market losses and gains, Pinnacle West continues to perform fairly well, with strong trading days outperforming market rivals.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Thu, 19 Jun 2025 12:35:29 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 0
