Pinnacle West Capital Corporati with ticker code (PNW) have now 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 92 and 55 suggesting an average Analsyt target price of $74.45. Given that the stocks previous close was at $75.45 this indicates there is a potential downside of -1.3%. It’s also worth noting that there is a 50 day moving average of $74.88 and the 200 moving average now moves to $73.19. The total market capitalization for the company now stands at $8,815m. Company Website: https://www.pinnaclewest.com
The potential market cap would be $8,698m based on the market consensus.
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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 overhead lines and underground lines; and distribution facilities, as well as owns and maintains transmission and distribution substations. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
The company has a dividend yield of 4.59% with the ex dividend date set at 31-1-2023 (DMY).
Other points of data to note are a P/E ratio of 17.7, revenue per share of 38.2 and a 2.32% return on assets.