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Pinnacle West Capital Corporation (NYSE:PNW) is a holding company whose principal subsidiary is Arizona Public Service. Arizona Public Service is a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix.
The company will report its Q3 2024 earnings on October 31. Wall Street analysts expect the company to post an EPS of $3.23, down from $3.50 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.65 billion, up slightly from $1.64 billion in the year-ago period.
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The 52-week Pinnacle West Capital stock price range was $65.20 to $89.39.
Pinnacle West Capital’s dividend yield is 4.02%. Over the last 12 months, it paid $3.52 per share in dividends.
The Latest On Pinnacle West Capital
On Aug. 1, Pinnacle West Capital reported its Q2 2024 earnings, posting an EPS of $1.76, compared to the consensus of $1.34, and revenues of $1.309 billion, compared to the consensus estimate of $1.208 billion, according to Benzinga.
"Our second quarter was marked by warmer-than-normal temperatures, including June being the hottest on record in the Phoenix metropolitan area," said Pinnacle West Chairman, President and Chief Executive Officer Jeff Guldner. "Since weather directly affects how much energy our customers use to cool their homes and businesses, retail sales and financial results were meaningfully higher than a year ago." Guldner also noted that cooler-than-usual temperatures, including the mildest June since, 2009, negatively impacted last year's second-quarter results.
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How Can You Earn $100 Per Month As A Pinnacle West Capital Investor?
If you want to make $100 per month –$1,200 annually – from Pinnacle West Capital dividends, your investment value needs to be approximately $29,851, which equates to 341 shares at $87.52 each.