PNW Pinnacle West Capital Dashboard

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

NYSE

Website

www.pinnaclewest.com/

CEO

Jeffrey Guldner

Incorporated

Arizona

Location

Arizona

Fiscal year end

Dec 31

Sector

Utilities > Nuclear Electric Power Generation

Industry (SIC)

Electric Services

Alabama Power • NextEra Energy • Exelon Generation • SOUTHERN CALIFORNIA EDISON • Edison International • Tennessee Valley Authority • Dominion Energy • Entergy Texas • Pseg Power • Firstenergy ...

Former names

AZP GROUP INC

SEC CIK

0000764622

Corporate docs

Articles of Incorporation & Bylaws

IRS number

860512431

PNW stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 21

19 Jun 21

31 Dec 21

Financial summary

Financial statements Chart PNW financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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)	17.2M	17.2M	17.2M	17.2M	17.2M	17.2M
Cash burn (monthly)	14.26M	3.83M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	37.5M	10.07M	n/a	n/a	n/a	n/a
Cash remaining	-20.3M	7.13M	n/a	n/a	n/a	n/a
Runway (months of cash)	-1.4	1.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

PNW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 May 21	Glynis Bryan	Stock Units Common Stock	Grant	Aquire A	No	No	0	1,637	0	1,637
19 May 21	Cortese Denis A.	Common Stock	Gift	Aquire G	Yes	No	0	1,637	0	18,762
19 May 21	Cortese Denis A.	Common Stock	Gift	Dispose G	No	No	0	1,637	0	0
19 May 21	Cortese Denis A.	Common Stock	Grant	Aquire A	No	No	85.43	1,637	139.85K	1,637
19 May 21	Fox Richard P	Stock Units Common Stock	Grant	Aquire A	No	No	0	1,637	0	1,637
19 May 21	Klein Dale E.	Stock Units Common Stock	Grant	Aquire A	No	No	0	1,637	0	1,637

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PNW institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	492	518	-5.0%
Opened positions	57	69	-17.4%
Closed positions	83	51	+62.7%
Increased positions	170	175	-2.9%
Reduced positions	168	176	-4.5%

13F shares	Current	Prev Q	Change
Total value	7.67B	7.58B	+1.2%
Total shares	94.31M	94.85M	-0.6%
Total puts	91.5K	81K	+13.0%
Total calls	110.7K	123.5K	-10.4%
Total put/call ratio	0.8	0.7	+26.0%

Largest owners	Shares	Value	Change
Vanguard	12.91M	$1.05B	+1.0%
BLK Blackrock	10.59M	$861.74M	+2.0%
Wellington Management	6.61M	$537.6M	+71.8%
STT State Street	6.3M	$512.85M	+2.8%
American Century Companies	4.76M	$387.09M	+22.3%
BEN Franklin Resources	4.1M	$333.38M	-3.4%
Massachusetts Financial Services	2.92M	$237.81M	+2.3%
AMP Ameriprise Financial	2.52M	$205.2M	+5.0%
IVZ Invesco	2.2M	$179M	+20.6%
Geode Capital Management	2.05M	$166.39M	+1.0%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	6.61M	+2.76M	+71.8%
FMR	377.96K	-1.67M	-81.5%
Norges Bank	0	-1.35M	EXIT
Renaissance Technologies	510.11K	-878.6K	-63.3%
American Century Companies	4.76M	+868.53K	+22.3%
Zimmer Partners	0	-833K	EXIT
Rare Infrastructure	1.42M	+565.55K	+66.2%
PUKPF Prudential	125.25K	-490.66K	-79.7%
CS Credit Suisse	611.65K	+469.17K	+329.3%
IVZ Invesco	2.2M	+375.54K	+20.6%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: AEM, aggressively, arguing, arrangement, assumption, Biden, boiler, bore, bring, broader, California, call, carryback, CCT, center, choose, clock, cold, collaboratively, comment, contact, DC, defray, digital, effectuate, endorsed, escalation, exceeding, fast, framework, frigid, froze, good, greater, Harbor, highest, history, Hopi, hot, hotline, hottest, HRA, incentive, INL, intact, intermittent, kilowatt, manpower, manufacturing, Medicare, mental, moot, mooted, network, Notwithstanding, PNW, point, pose, promoting, promptly, rapid, referenced, research, reserve, restitution, retiree, Robert, sector, securitization, send, sharply, simplification, spiked, standalone, streamline, subsidy, surrebuttal, threshold, tracing, Tribe, unexpected, unfairly, unreturned, vii, wheeling, whichever, workplace, Xcel

Removed: abundant, AC, acquiring, adjacent, advantage, affirmed, allocating, app, appealed, ASU, avoid, bear, burn, Certiorari, challenging, chat, clarified, clarify, conducted, confirm, connect, connected, constituent, constituting, contemplated, contrast, converting, cooperating, daytime, demonstrate, deploy, determining, disapproving, dismissing, dispatch, disruption, drew, duration, easier, emission, enactment, encourage, Enforcement, enrich, ESA, expire, FIP, frequency, function, global, globe, hosting, human, immunity, impairment, imposed, inability, inconsistent, initiate, innovative, intervene, led, legality, light, midday, Mining, mobile, model, modified, NEPA, NOx, OSM, outbreak, overnight, oversight, path, petitioned, photovoltaic, postponed, presumptive, proactive, procuring, promulgating, rapidly, redesigned, repealing, replaced, replacing, resume, rolled, save, score, smart, sovereign, specifically, speech, Supreme, terminating, thinning, unsupported, upgraded, violated, vulnerable, watershed, worldwide, Writ

From filing 10-Q 2021 Q1