How to Buy Pinnacle West Capital Stock
Pinnacle West Capital Corp
Pinnacle West Capital is a regulated electric utility company located in Arizona, United States, which is part of the Utilities sector, and is traded under the ticker PNW on the NYSE exchange.
Pinnacle West Capital stock last closed at $73.69, down 0.69% from the previous day, and has decreased 6.71% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.03 percentage points. Pinnacle West Capital stock is currently +13.02% from its 52-week low of $65.20, and -14.34% from its 52-week high of $86.03.
As of Apr 26, 2024, there are 113.43M shares of PNW outstanding. The market cap of PNW is $8.36B. In the past 24 hours, 863,653 PNW shares were traded.
How to Buy Pinnacle West Capital Stock
Not sure how to invest in Pinnacle West Capital stock? Here's how.
- Decide where to buy Pinnacle West Capital stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Pinnacle West Capital stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your payment method and add your information.
- Analyze Pinnacle West Capital stock: The Pinnacle West Capital ticker symbol is PNW. Is Pinnacle West Capital stock a good investment? Should you buy shares of PNW? How do PNW's underlying business fundamentals look? Do top analysts think Pinnacle West Capital is a good buy? Why has PNW's stock price moved recently? (Hint: Our stock market research tools can help you understand if PNW is a good stock to buy).
- Execute your PNW trade: Decide if you will purchase PNW shares at the current market price or use a limit order to purchase PNW stock at a particular price.
- Get updates on your investment in PNW: Create a watchlist to important notifications about your position in Pinnacle West Capital shares.
Step 1: Decide where to buy Pinnacle West Capital stock
You will need a brokerage account in order to access the NYSE market and buy PNW shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you are able to buy PNW today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on the best stock app, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring money into your investment account.
Step 4: Analyze Pinnacle West Capital stock
After you have identified the best place to buy Pinnacle West Capital stock, it's very important to analyze their stock prior to investing, so you truly comprehend the risk and upside.
Pinnacle West Capital stock at a glance
PNW Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on PNW's stock page.
Is PNW stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PNW's intrinsic value.
Using relative valuations measures:
- PNW may be overvalued based on its P/E ratio of 16.67x, relative to Utilities - Regulated Electric industry P/E ratio of 16.38x
- PNW may be undervalued based on its P/B ratio of 1.35x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x
- PNW could be overvalued based on its PEG ratio of 4.5x
You can access additional valuation research on PNW's stock here.
PNW Financial Health
Failed Financial Due Diligence Checks:
- Total PNW debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the PNW balance sheet.
- PNW has $4.96M in cash and short term investments. This is not enough to cover its annual cash burn of $457.81M.
- There are more long-term liabilities than short-term assets on the PNW balance sheet.
- PNW profit margin has gone down from 11.2% to 10.7% in the past year.
- PNW has a relatively high debt to equity ratio of 2.98.
- PNW has cash burn of 457807000. It does not have enough cash and short-term investments to cover this.
Is Pinnacle West Capital stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 sell side analysts who give forecasts on PNW, the consensus analyst rating on PNW is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent PNW Analyst Recommendations
Durgesh Chopra, a top 28% analyst from Evercore ISI Group maintains PNW with a hold rating and lowers their PNW price target from $76.00 to $69.00, on Mar 4, 2024.
Shelby Tucker, a top 22% analyst from RBC Capital maintains PNW with a hold rating and lowers their PNW price target from $83.00 to $80.00, on Mar 1, 2024.
Paul Fremont, a top 21% analyst from Ladenburg Thalmann initiates coverage on PNW with a hold rating and announces their PNW price target of $69.00, on Feb 14, 2024.
Sarah Akers, a top 11% analyst from Wells Fargo maintains PNW with a hold rating and lowers their PNW price target from $78.00 to $74.00, on Jan 26, 2024.
Shahriar Pourreza, a top 28% analyst from Guggenheim upgrades PNW to a strong buy rating and announces their PNW price target of $78.00, on Jan 22, 2024.
You can dig deeper into what analysts are saying on the Pinnacle West Capital stock forecast page.
Metrics for Advanced PNW Traders
How are PNW Revenues/Earnings doing?
Last year, PNW earnings were $501.56M. In the last 5 year, PNW's earnings have increased by -0.62% per year. This was slower than the Utilities - Regulated Electric industry average of 15.9%.
Last year, PNW revenue was $4.70B. In the past 5 year, PNW's revenue has grown by 4.93% per year. This was faster than the Utilities - Regulated Electric industry average of 3.97%.
You can analyze PNW's earnings and revenue performance here.
What are PNW insiders up to?
Over the past year, insiders at PNW have sold more shares than they have bought.
Elizabeth A. Blankenship, VP Controller and CAO of PNW, was the latest PNW insider to sell. They sold $829.20 worth of PNW shares on Feb 20, 2024.
Dig into more about who owns PNW shares here.
Can I rely on PNW as an income stream?
Pinnacle West Capital pays a dividend of 3.56%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.93%. If you owned $1,000 worth of PNW stock, you would have been paid $35.62 last year.
Pinnacle West Capital dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Pinnacle West Capital dividend yield and history here.
What others are saying about PNW
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your PNW trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your investment in PNW
Now that you own some PNW shares, you'll want to keep up with your shares.
Add PNW to a watchlist to track the most important metrics related to your PNW stock.
PNW Feed
How to Buy Stock in Pinnacle West Capital
To summarize, here are the 6 steps to buy stock in Pinnacle West Capital:
- Decide where to buy Pinnacle West Capital stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Pinnacle West Capital stock
- Execute your PNW trade
- Get updates on your investment in PNW
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Pinnacle West Capital, create a watchlist today.
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