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Pinnacle West Capital Corp - Stock Quote PNW

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Morningstar's Pinnacle West Capital Corp Stock Analysis

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Pinnacle West's Arizona Energy Demand Growth Smoothing Regulatory Concerns

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $77 per share fair value estimate for Pinnacle West after the company reported earning $0.15 per share in the first quarter, down from $0.32 per share in the first quarter of 2021. We are reaffirming its narrow moat and stable moat trend.

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Pinnacle West Capital Corp's Company Profile

Business Description

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.3 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

400 North Fifth Street, P.O. Box 53999
Phoenix, AZ, 85072-3999
T +1 602 250-1000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 5,872

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