PNW Pinnacle West Capital

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $19 billion, about 6,300 megawatts of generating capacity and 6,200 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to nearly 1.3 million Arizona homes and businesses.
Company profile
Ticker
PNW
Exchange
Website
CEO
Jeffrey Guldner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AZP GROUP INC
SEC CIK
Corporate docs
IRS number
860512431
PNW stock data
()
Investment data
Securities sold
Number of investors
Calendar
24 Feb 21
28 Feb 21
31 Dec 21
Financial summary
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 59.97M | 59.97M | 59.97M | 59.97M | 59.97M | 59.97M |
Cash burn (monthly) | 40.65M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 80.5M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -20.53M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.5 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Payment of exercise | Dispose F | No | No | 76.26 | 3 | 228.78 | 1,555 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Grant | Aquire A | No | No | 0 | 7 | 0 | 1,558 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Payment of exercise | Dispose F | No | No | 76.26 | 56 | 4.27K | 1,551 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Option exercise | Aquire M | No | No | 0 | 172 | 0 | 1,607 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Sale back to company | Dispose D | No | No | 76.26 | 56 | 4.27K | 1,435 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Option exercise | Aquire M | No | No | 0 | 56 | 0 | 1,491 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Sale back to company | Dispose D | No | No | 76.26 | 65 | 4.96K | 1,435 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Option exercise | Aquire M | No | No | 0 | 65 | 0 | 1,500 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Sale back to company | Dispose D | No | No | 76.26 | 63 | 4.8K | 1,435 |
19 Feb 21 | Elizabeth A Blankenship | Common Stock | Option exercise | Aquire M | No | No | 0 | 63 | 0 | 1,498 |
Institutional ownership Q4 2020
82.9% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 503 |
Opened positions | 61 |
Closed positions | 57 |
Increased positions | 173 |
Reduced positions | 175 |
13F shares |
Current |
---|---|
Total value | 7.46B |
Total shares | 93.33M |
Total puts | 81K |
Total calls | 123.5K |
Total put/call ratio | 0.7 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 12.79M | $1.02B |
BLK Blackrock | 10.39M | $830.46M |
STT State Street | 6.13M | $490.12M |
BEN Franklin Resources | 4.24M | $339.14M |
American Century Companies | 3.89M | $310.99M |
Wellington Management | 3.85M | $307.51M |
Massachusetts Financial Services | 2.86M | $228.54M |
AMP Ameriprise Financial | 2.4M | $192.11M |
FMR | 2.04M | $163.39M |
Geode Capital Management | 2.03M | $161.9M |
Financial report summary
?Management Discussion
- Pinnacle West’s only reportable business segment is our regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily sales supplied under traditional cost-based rate regulation) and related activities and includes electricity generation, transmission and distribution.
- Our consolidated net income attributable to common shareholders for the year ended December 31, 2020 was $551 million, compared with $538 million for the prior year. The results reflect an increase of approximately $13 million for the regulated electricity segment primarily due to higher revenue driven by the effects of weather and lower refunds in the current year related to the Tax Act, higher pension and other postretirement non-service credits and higher revenue from customer growth, partially offset by higher income taxes, including lower amortization of excess deferred taxes, higher depreciation and amortization expense, and higher other expenses. Weather had a significant impact on our result of operations due to the hotter than normal weather in 2020 compared to 2019.
- Operations and maintenance. Operations and maintenance expenses increased $14 million for the year ended December 31, 2020 compared with the prior-year period primarily because of:
Content analysis
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H.S. freshman Avg
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Financial reports
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Investor Presentation March 2021 1
25 Feb 21
8-K
Pinnacle West Reports 2020 Full-Year and Fourth-Quarter Results
24 Feb 21
8-K
Investor Presentation January 2021 1
13 Jan 21
8-K
Departure of Directors or Certain Officers
18 Dec 20
8-K
Powering the Future | 1 Investor Meetings December 2020 POWERING GROWTH DELIVERING VALUE
10 Dec 20
8-K
Financial Statements and Exhibits
19 Nov 20
8-K/A
POWERING GROWTH DELIVERING VALUE Investor Meetings November 2020 Powering the Future | 1
9 Nov 20
8-K
POWERING GROWTH DELIVERING VALUE Investor Meetings November 2020 Powering the Future | 1
6 Nov 20
8-K
Pinnacle West Reports 2020 Third-quarter Earnings
30 Oct 20
8-K
POWERING GROWTH DELIVERING VALUE Investor Meetings October 2020 Powering the Future | 1
2 Oct 20
Registration and prospectus
D/A
Indefinite amount in debt, sold $37.58M
29 Jul 20
S-3ASR
Automatic shelf registration
17 Jun 20
424B2
Prospectus for primary offering
11 Jun 20
FWP
Free writing prospectus
10 Jun 20
424B3
Prospectus supplement
10 Jun 20
D/A
Indefinite amount in debt, sold $76.03M
6 Mar 20
D/A
Indefinite amount in debt, sold $75.08M
24 Jan 20
D/A
Indefinite amount in debt, sold $25.7M
24 Jan 19
D/A
Indefinite amount in debt, sold $69M
16 Nov 18
S-3ASR
Automatic shelf registration
19 Apr 18
Proxies
DEFA14A
Additional proxy soliciting materials
4 May 20
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
DEFA14A
Additional proxy soliciting materials
6 May 19
DEFA14A
Additional proxy soliciting materials
2 May 19
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEF 14A
Definitive proxy
28 Mar 19
DEF 14A
Definitive proxy
28 Mar 18
Other
UPLOAD
Letter from SEC
19 Apr 18
CORRESP
Correspondence with SEC
15 Apr 18
UPLOAD
Letter from SEC
5 Apr 18
UPLOAD
Letter from SEC
22 Jun 17
CORRESP
Correspondence with SEC
6 Jun 17
UPLOAD
Letter from SEC
23 May 17
UPLOAD
Letter from SEC
23 Aug 15
CORRESP
Correspondence with SEC
20 Aug 15
UPLOAD
Letter from SEC
12 Aug 15
UPLOAD
Letter from SEC
25 Sep 14
Ownership
4
PINNACLE WEST CAPITAL / Robert Edgar Smith ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Barbara D Lockwood ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Maria L Lacal ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / JAMES R HATFIELD ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / JEFFREY B. GULDNER ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Theodore N Geisler ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / DANIEL T FROETSCHER ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Donna M Easterly ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Andrew D Cooper ownership change
23 Feb 21
4
PINNACLE WEST CAPITAL / Elizabeth A Blankenship ownership change
23 Feb 21
Transcripts
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
21 Feb 20
2019 Q3
Earnings call transcript
7 Nov 19
2019 Q2
Earnings call transcript
8 Aug 19
2019 Q1
Earnings call transcript
1 May 19
2018 Q4
Earnings call transcript
22 Feb 19
2018 Q3
Earnings call transcript
10 Nov 18
2018 Q2
Earnings call transcript
3 Aug 18
2018 Q1
Earnings call transcript
2 May 18