Pinnacle West Capital Corp
PNW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Lljqt | Qtbjwzmz |
Hot Weather Gives Pinnacle West a Boost; All Attention On Regulatory Developments
We are reaffirming our outlook for Pinnacle West after the company reported earning $2.88 per share in the third quarter, down from $3.00 per share in the third quarter of 2021 despite exceptionally hot weather that was a $0.23 per-share benefit year over year. We are reaffirming our narrow moat and stable moat trend ratings.