Pinnacle West Capital Corp
PNW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$61.00 | Ydsp | Vqplpmkg |
Pinnacle West Hopes To Reverse Its Regulatory Setbacks in Arizona
Business Strategy and Outlook
Pinnacle West had been earning solid returns and rewarding shareholders with dividend increases for several years because of fast-growing customer and energy usage in Arizona. But regulatory setbacks have made it difficult for Pinnacle West to turn those favorable fundamentals into earnings and dividend growth.