Analysts Predict Pinnacle West Capital Corporation (NYSE:PNW) to Reach High of $73 – Is Now the Time to Buy?
January 8, 2023
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Pinnacle West Capital ($NYSE:PNW) Corporation (NYSE:PNW) is an Arizona-based public utility holding company that provides electric services to the majority of the state. The company also has investments in real estate, retail, and other businesses. Currently, the stock is trading at a low of $76.04 on 12/30/22, ending the day with a -1.41 loss. This could be a good opportunity for investors to buy PNW at a relatively low price. This indicates that the company has strong financials and can easily pay off its debts if necessary. This could be seen as an indication of the company’s financial strength and its commitment to rewarding shareholders.
The company has also made several strategic moves to expand its operations and increase its share of the Arizona electric services market. This move has allowed PNW to become one of the largest electricity providers in the state. Overall, PNW’s stock could be a good investment opportunity for investors as analysts are predicting a high of $73 for the stock. The company has a strong balance sheet and has made several strategic investments to increase its market share. Investors should do their own research and evaluate their own risk tolerance before investing in PNW’s stock.
Share Price
Media sentiment is mostly positive, and on Tuesday, the stock opened at $76.2 and closed at $74.6, down by 1.9% from its prior closing price of 76.0. The company offers a solid dividend and is projected to have good growth prospects in the coming year. It also has a strong balance sheet and is well positioned to take advantage of any market opportunities that arise.
Additionally, Pinnacle West Capital Corporation has a strong management team and a diversified portfolio of investments which should provide a steady stream of income. The company also has a strong commitment to providing its shareholders with a competitive return on investment. For those looking for an investment with potential for long-term growth, Pinnacle West Capital Corporation may be a good choice. The company has a solid track record of success and is well-positioned to take advantage of any opportunities in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PNW. More…
| Total Revenues | Net Income | Net Margin |
| 4.11k | 535.18 | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PNW. More…
| Operations | Investing | Financing |
| 1.14k | -1.39k | 476.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PNW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.84k | 16.48k | 55.23 |
Key Ratios Snapshot
Some of the financial key ratios for PNW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | 0.8% | 25.7% |
| FCF Margin | ROE | ROA |
| -12.1% | 9.0% | 2.4% |
VI Analysis
This rating is based on the company’s fundamentals, which reflect its long-term potential. The VI App has identified two risk warnings in the income sheet and cashflow statement. The company’s financial health and sound business practices have been determined to be in good shape, making it a suitable option for investors. The company’s profitability, liquidity, leverage, and solvency have all been evaluated, and it has been found to be a reliable investment. The company’s balance sheet also shows that it is well capitalized, with an adequate level of liquid assets. This indicates that it is capable of meeting its short-term obligations and can continue to operate smoothly over the long-term. It also has an acceptable level of debt, which suggests that it will be able to pay back its loans in a timely manner. The company’s cashflow statement also reveals that it has a healthy level of cash reserves, which can help it make necessary investments and acquisitions. This indicates that it is well-positioned to take advantage of potential opportunities in the future. Overall, PINNACLE WEST CAPITAL appears to be a reliable and low-risk option for investors seeking a long-term investment. It has strong fundamentals and is well-capitalized, making it a smart choice for those seeking a reliable return on their investment. More…
VI Peers
It faces competition from other major energy providers, such as Entergy Corp, Evergy Inc, and Xcel Energy Inc. Each of these companies has its own unique strategies for navigating the energy market, but all are focused on providing reliable, cost-effective solutions to their customers.
– Entergy Corp ($NYSE:ETR)
Entergy Corporation is a Fortune 500 integrated energy company that provides electric power and natural gas services to 2.9 million customers in the US. The company has a market cap of 24.98B as of 2022, making it one of the largest integrated energy companies in the country. Entergy’s Return on Equity (ROE) is 11.07%, which is above average for utilities stocks. This indicates that Entergy’s management is able to efficiently generate returns from its shareholders’ investments. The company’s ROE provides investors with assurance that their money is being used wisely and that their investments are in good hands.
– Evergy Inc ($NYSE:EVRG)
Evergy Inc is a leading energy company that delivers electricity and natural gas to customers in the Midwest. As of 2022, the company has a market capitalization of 14.49 billion, making it one of the largest companies in the energy sector. Evergy Inc’s Return on Equity (ROE) is 8.52%, indicating that it is creating value for its shareholders by generating profits from its investments. The company has also made great strides in investing in renewable energy sources, ensuring that its customers receive a reliable and sustainable energy source.
– Xcel Energy Inc ($NASDAQ:XEL)
Xcel Energy Inc is an American energy company that provides electricity and natural gas services to residential, commercial, and industrial customers in eight states in the United States. With a market cap of 39.18B as of 2022, Xcel Energy Inc is one of the largest publicly-traded utilities in the United States. The company has a strong Return on Equity (ROE) of 9.4%, which indicates that the company is generating a solid return on its invested capital. This is a positive sign for investors and suggests that the company is well managed.
Summary
Investing in Pinnacle West Capital Corporation (NYSE: PNW) is currently looking promising, as analysts have predicted that the stock could reach up to $73. The current media sentiment surrounding the stock is largely positive, and many investors are optimistic about the potential return on investment. However, it’s important to do your own research and understand any potential risks before investing in any company. Analyzing factors such as the company’s financial health, management team, industry trends, and competitive landscape can help determine if investing in Pinnacle West is a good choice.
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