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.
Company profile
Ticker
PNW
Exchange
Website
CEO
Mr. Jeffrey B. Guldner
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AZP GROUP INC
SEC CIK
Corporate docs
Subsidiaries
Arizona Public Service Company ...
IRS number
860512431
PNW stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Renewed, Reliable and Resilient October Investor Meetings
30 Sep 24
8-K
Renewed, Reliable and Resilient September Investor Meetings
3 Sep 24
8-K
Entry into a Material Definitive Agreement
2 Aug 24
10-Q
2024 Q2
Quarterly report
1 Aug 24
8-K
Pinnacle West Reports Improved Second-quarter Financial Results
1 Aug 24
8-K
Pinnacle West Appoints Three New Members to Its Board of Directors
20 Jun 24
8-K
Financial Statements and Exhibits
10 Jun 24
424B2
Prospectus for primary offering
6 Jun 24
8-K
Entry into a Material Definitive Agreement
6 Jun 24
FWP
Free writing prospectus
5 Jun 24
Transcripts
PNW
Earnings call transcript
2024 Q2
1 Aug 24
PNW
Earnings call transcript
2024 Q1
2 May 24
PNW
Earnings call transcript
2023 Q4
27 Feb 24
PNW
Earnings call transcript
2023 Q2
3 Aug 23
PNW
Earnings call transcript
2023 Q2
3 Aug 23
PNW
Earnings call transcript
2023 Q1
4 May 23
PNW
Earnings call transcript
2022 Q4
27 Feb 23
PNW
Earnings call transcript
2022 Q3
3 Nov 22
PNW
Earnings call transcript
2022 Q2
3 Aug 22
PNW
Earnings call transcript
2022 Q1
4 May 22
Latest ownership filings
4
Robert Edgar Smith
12 Aug 24
4
Paul J Mountain
9 Aug 24
144
Notice of proposed sale of securities
9 Aug 24
144
Notice of proposed sale of securities
8 Aug 24
4
CAROL S EICHER
2 Aug 24
4
Ronald Butler Jr
2 Aug 24
4
Susan T. Flanagan
2 Aug 24
3
Ronald Butler Jr
2 Jul 24
3
Susan T. Flanagan
2 Jul 24
3
CAROL S EICHER
2 Jul 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.01 mm | 4.01 mm | 4.01 mm | 4.01 mm | 4.01 mm | 4.01 mm |
Cash burn (monthly) | 1.88 mm | 304.25 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.04 mm | 1.14 mm | n/a | n/a | n/a | n/a |
Cash remaining | -3.04 mm | 2.86 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.6 | 9.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 541 |
Opened positions | 77 |
Closed positions | 46 |
Increased positions | 176 |
Reduced positions | 180 |
13F shares | Current |
---|---|
Total value | 8.22 tn |
Total shares | 113.86 mm |
Total puts | 149.00 k |
Total calls | 338.30 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Capital Research Global Investors | 14.80 mm | $1.13 tn |
Vanguard | 14.09 mm | $1.08 tn |
BLK BlackRock | 10.59 mm | $808.71 bn |
Barrow Hanley Mewhinney & Strauss | 6.99 mm | $533.56 bn |
STT State Street | 6.35 mm | $484.87 bn |
IVZ Invesco | 3.65 mm | $278.69 bn |
ATLAS Infrastructure Partners | 3.28 mm | $250.79 bn |
Lazard Asset Management | 2.92 mm | $223.21 mm |
Geode Capital Management | 2.85 mm | $217.68 bn |
Zimmer Partners | 2.74 mm | $209.60 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Aug 24 | Robert Edgar Smith | Common Stock | Sell | Dispose S | No | No | 85.8 | 4,950 | 424.71 k | 6,397 |
8 Aug 24 | Paul J Mountain | Common Stock | Sell | Dispose S | Yes | No | 85.28 | 2,700 | 230.26 k | 1,508 |
1 Aug 24 | Susan T. Flanagan | Stock Units Common Sock | Grant | Acquire A | No | No | 0 | 1,749 | 0.00 | 1,749 |
1 Aug 24 | Ronald Butler Jr | Stock Units Common Sock | Grant | Acquire A | No | No | 0 | 1,749 | 0.00 | 1,749 |
1 Aug 24 | Eicher Carol S | Stock Units Common Sock | Grant | Acquire A | No | No | 0 | 1,749 | 0.00 | 1,749 |
News
Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $90
16 Oct 24
Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $83
25 Sep 24
Jefferies Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $104
19 Sep 24
Looking Into Pinnacle West Capital's Recent Short Interest
9 Sep 24
Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $78
23 Aug 24
Press releases
TransCanyon LLC's Cross-Tie Project Reaches Major Milestone
18 Oct 24
U.S. Department of Energy Funds to Help Strengthen APS Smart Grid With New Technology
18 Oct 24
Pinnacle West Sets Date for 2024 Third-Quarter Financial Results, Webcast/Conference Call
3 Oct 24
Pinnacle West Reports Improved 2024 Second-Quarter Financial Results
1 Aug 24