Summary:
- Pinnacle West Capital Corp (PNW, Financial) maintains a quarterly dividend of $0.895 per share, yielding a forward rate of 3.79%.
- Wall Street analysts provide a one-year price target average of $96.50, implying a modest upside potential.
- The company's estimated GF Value suggests a potential slight downside from its current stock price.
Pinnacle West Capital's Steady Dividend
Pinnacle West Capital Corp (PNW) has reaffirmed its commitment to returning value to shareholders by announcing a quarterly dividend of $0.895 per share. This decision retains the company's previous payout level, offering investors a steady forward yield of 3.79%. Shareholders on record by May 5 will receive their dividends on June 2. The company anticipates substantial growth, projecting a 5%-7% increase in earnings through 2025, underpinned by Arizona's expanding energy demand.
Wall Street Analysts' Projections
Analysis from 14 Wall Street experts predicts an average one-year price target for Pinnacle West Capital Corp (PNW, Financial) at $96.50. Their forecasts range between a high of $111.00 and a low of $80.45. Compared to the current stock price of $94.36, the average target suggests a slight upside potential of 2.26%. Investors can explore more detailed forecast data on the Pinnacle West Capital Corp (PNW) Forecast page.
The consensus recommendation from 17 brokerage firms positions Pinnacle West Capital Corp (PNW, Financial) with an average rating of 2.3, classifying it as "Outperform." The rating scale used ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
GuruFocus Valuation Metrics
GuruFocus provides an estimated GF Value for Pinnacle West Capital Corp (PNW, Financial) of $90.67 over the next year, suggesting a potential downside of 3.91% from the current price of $94.36. The GF Value is derived from the historical trading multiples, past business growth, and anticipated future performance. Investors interested in a deeper dive into these metrics can visit the Pinnacle West Capital Corp (PNW) Summary page.
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