Pinnacle West Capital Corp
PNW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$24.00 | Pjwbc | Kmwfcjq |
Pinnacle West Should Benefit From Arizona's Electricity Demand Growth
Business Strategy and Outlook
Pinnacle West had been earning solid returns and rewarding shareholders with dividend increases for nearly a decade as customer and energy usage growth in Arizona outpaced most other utilities. But that changed with a major regulatory setback in 2021, slowing earnings and dividend growth.