Pinnacle West Initiates Modestly Disappointing Guidance; We Expect 6% Annual Dividend Growth
We are reaffirming our fair value estimate of $78 per share after Pinnacle West reported strong third-quarter 2017 earnings, reaffirmed 2017 earnings guidance and initiated modestly disappointing 2018 guidance. However, wholly owned Arizona Public Service continues to benefit from one of the fastest-growing population centers in the country and an improving regulatory framework.Pinnacle West initiated a 2018 earnings guidance range of $4.25-$4.50 per share, putting our EPS estimate of $4.50 at ...
Pinnacle West Capital is a holding company. Through its subsidiary, Arizona Public Service Company, the company provides either retail or wholesale electric service to most of the State of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona. The company's business segment is its regulated electricity segment, which consists of regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.