Dernières nouvelles pour Pinnacle West Capital (NYSE:PNW) Stock

Pinnacle West Capital

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Pinnacle West Capital Corporation Common Stock

Pinnacle West Capital Corp

Valeura Energy Inc

Morgan Stanley analyst David Arcaro maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and lowers the price target from $82 to $81.

News

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $81

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham analyst Ami Fadia downgraded the rating for Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) from Buy to Hold and maintained the price target of $270. Biogen shares closed at $159.99 on Friday. <a href="https://www.benzinga.com/quote/BIIB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Jacob Lacks downgraded the rating for Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MATX#NYSE">MATX</a>) from Outperform to Peer Perform. Matson shares closed at $160.65 on Friday. <a href="https://www.benzinga.com/quote/MATX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Nicholas Campanella downgraded Pinnacle West Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) from Overweight to Equal-Weight and lowered the price target from $93 to $91. Pinnacle West Capital shares closed at $91.88 on Friday. <a href="https://www.benzinga.com/quote/PNW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research analyst John Eade downgraded the rating for Fortive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) from Buy to Hold. Fortive shares closed at $74.82 on Friday. <a href="https://www.benzinga.com/quote/FTV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Nathan Jones downgraded Curtiss-Wright Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>) from Buy to Hold and maintained the price target of $370. Curtiss-Wright shares closed at $358.35 on Friday. <a href="https://www.benzinga.com/quote/CW/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Downgrades

Pre-Market Outlook

Markets

Trading Ideas

BFAM

BIIB

MATX

This Biogen Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Barclays analyst Nicholas Campanella downgrades Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) from Overweight to Equal-Weight and lowers the price target from $93 to $91.

Barclays Downgrades Pinnacle West Capital to Equal-Weight, Lowers Price Target to $91

Wells Fargo analyst Sarah Akers maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $90 to $92.

Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $92

Guidance

Pinnacle West Capital  Estimates 2025 EPS Of $4.40 - $4.60 On Weather-normalized Basis, Est $4.78

Pinnacle West Capital Adjusts 2024 EPS Guidance Upward From $4.60 - $4.80 To  $5.00 - $5.20, Est $4.85

Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) reported quarterly earnings of $3.37 per share which missed the analyst consensus estimate of $3.48 by 3.16 percent. This is a 3.71 percent decrease over earnings of $3.50 per share from the same period last year. The company reported quarterly sales of $1.77 billion which missed the analyst consensus estimate of $1.87 billion by 5.65 percent. This is a 7.94 percent increase over sales of $1.64 billion the same period last year.

Earnings

Earnings Misses

Pinnacle West Capital Q3 2024 GAAP EPS $3.37 Misses $3.48 Estimate, Sales $1.77B Miss $1.87B Estimate

Pinnacle West Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) short percent of float has fallen 37.73% since its last report. The company recently reported that it has 3.04 million shares sold short, which is 3.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Pinnacle West Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729879225_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pinnacle West Capital has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Pinnacle West Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Pinnacle West Capital's peer group average for short interest as a percentage of float is 1.93%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(PNW) - Analyzing Pinnacle West Capital's Short Interest

Pinnacle West Capital Subsidiary Arizona Public Service Company Wins 2 Department Of Energy Grants Totaling $70M

Wells Fargo analyst Sarah Akers maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $87 to $90.

Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $90

Morgan Stanley analyst David Arcaro maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $78 to $83.

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $83

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Buy rating and announces Price Target of $104.

Initiation

Jefferies Initiates Coverage On Pinnacle West Capital with Buy Rating, Announces Price Target of $104

Pinnacle West Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) short percent of float has risen 7.07% since its last report. The company recently reported that it has 4.95 million shares sold short, which is 5.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Pinnacle West Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725894025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pinnacle West Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Pinnacle West Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Pinnacle West Capital's peer group average for short interest as a percentage of float is 1.39%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Pinnacle West Capital's Recent Short Interest

Morgan Stanley analyst Stephen Byrd maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $72 to $78.

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $78

NiSource (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>) reported second-quarter 2024 operating earnings per share of 21 cents, which surpassed the Zacks Consensus Estimate of 15 cents by 40%. The bottom line increased 90.9% from the year-ago quarter&#39;s recorded figure of 11 cents.
On a GAAP basis, the company reported an EPS of 19 cents compared with 9 cents in the prior-year quarter.
<h3>Total Revenues</h3>
Operating revenues of $1.08 billion missed the Zacks Consensus Estimate of $1.16 billion by 6.8%. The top line also decreased 0.9% from the prior-year quarter&#39;s figure of $1.09 billion.
<div class="chart_embed">
<h3>NiSource, Inc Price, Consensus and EPS Surprise</h3>
<h3><img alt="NiSource, Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d7/1723032825.png" style="height:284px; width:613px" title="" /></h3>
NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote
</div>
<h3>Highlights of the Release</h3>
Total operating expenses amounted to $847.7 million, down 8% from the year-ago quarter&#39;s level of $921.1 million due to low cost of energy.
Operating income totaled $237 million, up 40.3% from the year-ago figure of $168.9 million.
Net interest expenses amounted to $129.3 million, up 17.1% from the prior-year quarter&#39;s $110.5 million.
Total gas distribution in Sales and Transportation was recorded at 109.6 Million British Thermal Units per day (MMDth), down 5.1% from the prior-year quarter&#39;s 115.5 MMDth.
Total electric sales were recorded at 4,018.6 gigawatt-hours (GWh), up 6.6% from the prior-year quarter&#39;s 3,770.7 GWh.
<h3>Financial Update</h3>
NiSource&#39;s cash and cash equivalents as of Jun 30, 2024, were $0.101 billion compared with $2.25 billion as of Dec 31, 2023.
Long-term debts (excluding those due within a year) as of Jun 30, 2024, were $12.81 billion compared with $11.06 billion as of Dec 31, 2023.
Net cash flows from operating activities in the first six months of 2024 were $0.902 million compared with $1.19 billion in the year-ago period.
<h3>Guidance</h3>
The company continues to expect 2024 non-GAAP earnings in the band of $1.70-1.74 per share. The Zacks Consensus Estimate is pegged at $1.72 per share, in line with the midpoint of the company&#39;s guided range.
NI expects to witness an earnings CAGR of 6-8% through 2028. It also continues to expect capital expenditure of $16.4 billion for the 2024-2028 period.
<h3>Zacks Rank</h3>
NiSource currently carries a Zacks Rank #2 (Buy).
<h3>Recent Releases</h3>
NextEra Energy, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nee#NYSE">NEE</a>) reported second-quarter 2024 adjusted earnings of 96 cents per share, which beat the Zacks Consensus Estimate of 93 cents by 3.2%.
The company&#39;s long-term (three to five years) earnings growth rate is 8.12%. The Zacks Consensus Estimate for 2024 earnings is pegged at $3.39 per share, which implies a year-over-year improvement of 6.9%.
AVANGRID, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agr#NYSE">AGR</a>) reported second-quarter 2024 earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 27 cents by 81.5%.
AGR&#39;s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for 2024 earnings is pegged at $2.23 per share, which calls for a year-over-year improvement of 6.7%.
Pinnacle West Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnw#NYSE">PNW</a>) reported second-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.31 by 34.4%.
PNW&#39;s long-term earnings growth rate is 8.22%. The Zacks Consensus Estimate for 2024 earnings is pegged at $4.75 per share, which suggests a year-over-year improvement of 7.7%.
<a href="https://www.zacks.com/stock/news/2318209/nisource-ni-q2-earnings-surpass-estimates-revenues-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318209">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

NiSource Q2 Earnings Surpass Estimates, Revenues Miss

Wells Fargo analyst Sarah Akers maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $80 to $87.

Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $87

WIIM

Pinnacle West Capital Sees FY24 EPS $4.60-$4.80 Vs $4.76 Est.

Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) reported quarterly earnings of $1.76 per share which beat the analyst consensus estimate of $1.34 by 31.34 percent. The company reported quarterly sales of $1.309 billion which beat the analyst consensus estimate of $1.208 billion by 8.37 percent. This is a 16.67 percent increase over sales of $1.122 billion the same period last year.

Pinnacle West Capital Q2 2024 GAAP EPS $1.76 Beats $1.34 Estimate, Sales $1.309B Beat $1.208B Estimate

Pinnacle West Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) short percent of float has fallen 10.54% since its last report. The company recently reported that it has 4.63 million shares sold short, which is 4.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Pinnacle West Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722452423_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Pinnacle West Capital has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Pinnacle West Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Pinnacle West Capital's peer group average for short interest as a percentage of float is 2.23%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Pinnacle West Capital?

Barclays analyst Nicholas Campanella maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Overweight and lowers the price target from $81 to $78.

Barclays Maintains Overweight on Pinnacle West Capital, Lowers Price Target to $78

NRG most shorted S&P 500 utilities stock in October, Evergy least shorted

In this video, I take a look at how the markets have turned around after the US election. I also review a new long setup in Pinnacle West Capital.

Post-Election Euphoria Turns Into Hangover; One New Swing Position

Barclays downgraded Pinnacle West (PNW) to Equal Weight from Overweight with a price target of $91, down from $93. The firm says fundamentally Ariz...

Pinnacle West downgraded to Equal Weight from Overweight at Barclays

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In a report released yesterday, Anthony Crowdell from Mizuho Securities maintained a Buy rating on Pinnacle West Capital (PNW – Research Report). T...

Pinnacle West Capital (PNW) Gets a Buy from Mizuho Securities

In a report released today, David Arcaro from Morgan Stanley maintained a Hold rating on Pinnacle West Capital (PNW – Research Report), with a pric...

Pinnacle West Capital (PNW) Receives a Hold from Morgan Stanley

Morgan Stanley analyst David Arcaro lowered the firm's price target on Pinnacle West (PNW) to $81 from $82 and keeps an Equal Weight rating on the ...

Pinnacle West price target lowered to $81 from $82 at Morgan Stanley

Dividend Champion, Contender, And Challenger Highlights: Week Of November 24

Pinnacle West Is Back To Fair Valuation

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Press Releases

Pinnacle West Declares Quarterly Dividend

Pinnacle West Appoints Three New Members to its Board of Directors

Pinnacle West Sets Date for 2024 Second-Quarter Financial Results, Webcast/Conference Call

Pinnacle West Reports Improved 2024 Second-Quarter Financial Results

Pinnacle West Sets Date for 2024 Third-Quarter Financial Results, Webcast/Conference Call

U.S. Department of Energy Funds to Help Strengthen APS Smart Grid With New Technology

TransCanyon LLC's Cross-Tie Project Reaches Major Milestone

Pinnacle West Reports Slightly Lower 2024 Third-Quarter Results Compared to a Year Ago

APS Secures Its Largest-Ever Energy Supply to Reliably Serve Customers

American Electric Power Company, Inc. - Common Stock

American Electric Power

Avangrid

Constellation Energy Corporation - Common Stock

Constellation Energy

Comp En De Mn Cemig ADS American Depositary Shares

Cia Energetica DE Minas

Comp En De Mn Cemig ADS American Depositary Receipts

Duke Energy Corporation (Holding Company) Common Stock

Duke Energy

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

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