Pinnacle West: Equity Offering Dilution Offset By Credit Stabilization [Seeking Alpha]
Pinnacle West Capital Corporation (PNW)
Last pinnacle west capital corporation earnings: 2/21 08:40 am
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US:NYSE Investor Relations:
pinnaclewest.com/investors
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Source: Seeking Alpha
Guidance for 2024 was a bit lower than expected. We look at the equity offering, credit rating changes and update our trade idea. Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More » On our last coverage of Pinnacle West Capital Corporation NYSE: PNW ), we gave it an official buy rating while noting that we would only get involved via covered calls. While we like Pinnacle West Capital Corporation stock here, we really don't see an upward acceleration any time soon. Our best case is really 10% returns, with 5% coming from the dividend and 5% coming from earnings increasing. We don't see valuation expansion on the horizon. So if you believe us that you are set up for 10% returns, your best play is simply going the covered call route. This way, you can set up for a 15% annualized return with a higher margin of safety. The stock has done modestly well s
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PNW
News
- Arizona Governor Hobbs Attends Ceremony at Longroad Energy's Sun Streams Complex, Celebrating Expansion of Renewable Energy, Family Supporting Jobs and Community Benefits [Yahoo! Finance]Yahoo! Finance
- Reasons to Add Pinnacle West Capital (PNW) to Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Declares Quarterly DividendBusiness Wire
- With 89% ownership, Pinnacle West Capital Corporation (NYSE:PNW) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Capital Co. (NYSE: PNW) had its price target raised by analysts at Barclays PLC from $75.00 to $76.00. They now have an "overweight" rating on the stock.MarketBeat
PNW
Earnings
- 2/27/24 - Beat
PNW
Sec Filings
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- 3/20/24 - Form 4/A
- PNW's page on the SEC website