Last $56.95 USD
Change Today +0.37 / 0.65%
Volume 739.7K
PNW On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pinnacle west capital (PNW) Snapshot

Open
$56.59
Previous Close
$56.58
Day High
$56.97
Day Low
$56.48
52 Week High
10/28/13 - $58.70
52 Week Low
02/3/14 - $51.15
Market Cap
6.3B
Average Volume 10 Days
910.8K
EPS TTM
$3.59
Shares Outstanding
110.4M
EX-Date
07/30/14
P/E TM
15.9x
Dividend
$2.27
Dividend Yield
3.99%
Current Stock Chart for PINNACLE WEST CAPITAL (PNW)

pinnacle west capital (PNW) Related Businessweek News

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pinnacle west capital (PNW) Details

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It is engaged in the generation, transmission, and distribution of electricity from coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million customers. It owns or leases approximately 6,394 megawatts of regulated generation capacity. The company was founded in 1920 and is headquartered in Phoenix, Arizona.

6,433 Employees
Last Reported Date: 02/21/14
Founded in 1920

pinnacle west capital (PNW) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $540.0K
Executive Vice President, General Counsel, Ex...
Total Annual Compensation: $502.0K
Chief Nuclear Officer of Arizona Public Servi...
Total Annual Compensation: $925.0K
Chief Operating Officer of Arizona Public Ser...
Total Annual Compensation: $485.0K
Compensation as of Fiscal Year 2013.

pinnacle west capital (PNW) Key Developments

Pinnacle West Capital Corporation Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014

Pinnacle West Capital Corporation reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company’s operating revenues were $906,264,000 against $915,822,000 a year ago. Operating income was $254,113,000 against $259,812,000 a year ago. Income before income taxes was $215,924,000 against $216,641,000 a year ago. Net income attributable to common shareholders was $132,458,000 against $131,207,000 a year ago. Diluted income per share from continuing operations attributable to common shareholders was $1.18 against $1.12 a year ago. Diluted net income per share attributable to common shareholders was $1.19 against $1.18 a year ago. Book value per share was $38.35 compared to $36.66 a year ago. For the six months, the company’s operating revenues were $1,592,515,000 against $1,602,474,000 a year ago. Operating income was $329,283,000 against $346,735,000 a year ago. Income before income taxes was $247,020,000 against $216,946,000 a year ago. Net income attributable to common shareholders was $148,224,000 against $155,651,000 a year ago. Diluted income per share from continuing operations attributable to common shareholders was $1.40 against $1.05 a year ago. Diluted net income per share attributable to common shareholders was $1.34 against $1.40 a year ago. Book value per share was $38.35 compared to $36.66 a year ago. For 2014, the company continues to expect its on-going consolidated earnings will be in the range of $3.60 to $3.75 per diluted share. Longer-term, the company's goal is to achieve a consolidated earned return on average common equity of at least 9.5% annually through 2015. Operating revenues, net of fuel and purchased power expenses (electricity gross margin) expected to be in the range of $2.22 billion or $2.27 billion. Interest expense, net of allowance for borrowed and equity funds used during construction expected to be in the range of $160 million to $170 million. Effective tax rate expected to be 34%.

Pinnacle West Capital Corporation - Shareholder/Analyst Call

Pinnacle West Capital Corporation - Shareholder/Analyst Call

Pinnacle West Mulls Acquisitions

Pinnacle West Capital Corporation (NYSE:PNW) has filed a shelf registration in the amount of $67.87 million on June 25, 2014. Pinnacle West intend to use the proceeds from the issuance of any newly issued or treasury shares of common stock pursuant to the plan for general corporate purposes, including, but not limited to, the repayment of indebtedness, capital expenditures, and the funding of working capital, acquisitions, and stock repurchases and/or capital infusions into one or more of our subsidiaries for any of those purposes.

 

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Industry Analysis

PNW

Industry Average

Valuation PNW Industry Range
Price/Earnings 15.7x
Price/Sales 1.8x
Price/Book 1.5x
Price/Cash Flow 7.7x
TEV/Sales 0.7x
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