PNW stock: buy or sell?

PNW stock price: $93.91 0.23% At close on October 18th, 2019

Updated on:
October 18th, 2019

3

Pinnacle West Capital shares remained constant 0.23% to $93.91 on Oct 18th.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona.

Should I buy PNW stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Pinnacle West Capital stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PNW will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Pinnacle West Capital stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 13 ratings published for PNW stock in the last month.

Is PNW a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-20UBS Groupn/aNeutral
2019-8-9SunTrust Banksn/aHold
2019-8-9Evercore ISIn/aUnderperform
2019-8-12Williams CapitalHoldHold
2019-8-12UBS Groupn/aNeutral
2019-7-30ArgusHoldBuy
2019-6-12Morgan StanleyEqual WeightUnderweight
2019-4-22Credit Suisse Groupn/aBuy
2019-4-15Bank of AmericaNeutralBuy
2019-3-1Royal Bank of CanadaOutperformSector Perform
2019-2-25Credit Suisse Groupn/aOutperform
2019-1-30Wells Fargo & Con/aHold
2019-1-22Wolfe ResearchMarket PerformUnderperform

PNW stock analysis

Daily outlook

Pinnacle West Capital ended on October 18th at $93.91 and remained constant a tiny 0.23%.

Pinnacle West Capital remained constant a tiny 0.23% and closed at $93.91. Since Tuesday when PNW stock price broke down the SMA100d line, it slid $-0.62 per share (-0.66%). Since SMA50d and SMA100d crossed up on Oct 9th, PNW price slid a -1.75%. On June, PNW hit new all time highs, pushing higher previous ATH of $98.28 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

PNW stock chart (daily)

Weekly outlook

Pinnacle West Capital depreciated a disappointing -1.62% this week. This was the third red week in a row, sliding in full a -3.60%.

In a weekly time frame, Pinnacle West Capital stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, PNW might consolidate in a flat-base, waiting to break out over or down under . Far behind is the all-time high Pinnacle West Capital hit early June but price is just -5.15% below that top. This week, Pinnacle West Capital stock crossed down the significant level of the 20-weeks moving average. Since late September when SMA10w and SMA20w crossed up, PNW price slipped $-3.50 per share (-3.59%).

PNW stock chart (weekly)

PNW stock price history

PNW stock historical price chart

PNW stock reached all-time highs on June with a price of $99.01.

PNW stock price target is $100.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 6 price forecasts for PNW stock:
PNW stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-20UBS GroupRaises Target$99.00$104.005.1%
2019-8-9SunTrust BanksLowers Target$99.00$98.00-1%
2019-8-12Williams CapitalReiterates$87.00$97.0011.5%
2019-8-12UBS GroupLowers Target$103.00$99.00-3.9%
2019-4-22Credit Suisse GroupSet Price Targetn/a$102.00-
2019-2-25Credit Suisse GroupReiterates$93.00$100.007.5%
(in average)$96.20$100.004.0%
The price target for Pinnacle West Capital stock is $100.00, moving in a range between $104.00 and $97.00. In average, analysts' outlook on PNW price target is positive, upgrading the forecast by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Pinnacle West Capital reported outstanding results for 2018-Q4 on February. Pinnacle West Capital rocketed Earnings per Share (EPS) by 35.30%, beating analysts of $0.17. Pinnacle West Capital posted $0.23.
PNW earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.49n/a
2017-Q32017-11-032.322.466.0%
2017-Q42018-02-230.10.1990.0%
2018-Q12018-05-020.10.03-70.0%
2018-Q22018-08-031.441.482.8%
2018-Q32018-11-082.752.81.8%
2018-Q42019-02-220.170.2335.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a nice increase of 3.53% to $3,691.25 million dollars. By contrast, its earnings margin (compared to revenues) stayed constant to 13.84%, that is $511.05 million.

PNW annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,450 M-$406 M11.8%-
2014$3,492 M1.21%$398 M11.4%-2.09%
2015$3,495 M0.11%$437 M12.5%9.98%
2016$3,499 M0.09%$442 M12.6%1.09%
2017$3,565 M1.90%$488 M13.7%10.50%
2018$3,691 M3.53%$511 M13.8%4.62%

Quarterly financial results

Pinnacle West Capital posted $756.38 M in revenues for 2018-Q4, a -40.35% less compared to previous quarter. Reported quarter income marked $26.08 M with a profit margin of 3.45%. Profit margin plummed a -21.40% compared to previous quarter when profit margin was 24.84%. When comparing turnover to same quarter last year, Pinnacle West Capital sales marked a tight movement and stayed stable a -0.43%.
PNW quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$945 M-$167 M17.7%-
2017-Q3$1,183 M25.27%$276 M23.3%64.88%
2017-Q4$760 M-35.80%$22 M2.8%-92.17%
2018-Q1$693 M-8.81%$3 M0.5%-85.11%
2018-Q2$974 M40.62%$167 M17.1%5,076.59%
2018-Q3$1,268 M30.17%$315 M24.8%88.93%
2018-Q4$756 M-40.35%$26 M3.4%-91.72%
2019-Q1$741 M-2.09%$18 M2.4%-31.29%

Pinnacle West Capital ownership

When you are planning to buy shares of a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Pinnacle West Capital, 0.37% of all outstanding shares are owned by its staff.

Bearish positions for PNW stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Pinnacle West Capital:

PNWAVAEEEIXIDA
Market cap$10.5 B$3.2 B$2.7 B$25.3 B$5.5 B
Total shares112.3 M66.1 M40.8 M358.1 M50.4 M
Float shares111.8 M65.5 M40.4 M325.4 M50.1 M
  - Institutional holdings (%)87.3%78.1%96.3%89.5%78.3%
  - Insider holdings (%)0.4%1.0%1.5%0.1%0.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PNW summary

Friday, October 18th, 2019
Open$93.70
Close$93.91
Day range$93.10 - $94.17
Previous close$93.69
Session gain0.23%
Average true range$1.28
50d mov avg$94.94
100d mov avg$94.50
200d mov avg$92.65
Daily pattern
Weekly pattern lt06a

Pinnacle West Capital performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Pinnacle West Capital, the benchmark is made against Avista, El Paso Electric, , IDACORP, NorthWestern, and Xcel Energy.
Stock3m6m12m
PNWPinnacle West Cap...1.15%1.43%14.01%
AVAAvista5.61%16.87%-4.19%
EEEl Paso Electric1.68%15.17%15.31%
EIX1.31%13.71%4.15%
IDAIDACORP7.57%14.30%14.47%
NWENorthWestern5.38%11.43%27.27%
PNM5.47%17.96%32.53%
XELXcel Energy6.01%18.62%34.00%

Pinnacle West Capital competitors

We chose a few stocks to conform a list of Pinnacle West Capital competitors to examine if you are interested in investing in PNW:

Latest PNW stock news