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Pinnacle West Capital Corporation (0KIT.L)
| Previous close | 74.93 |
| Open | 76.04 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 75.31 - 76.16 |
| 52-week range | 65.28 - 86.00 |
| Volume | |
| Avg. volume | 3,316 |
| Market cap | 84.854M |
| Beta (5Y monthly) | 0.48 |
| PE ratio (TTM) | 0.14 |
| EPS (TTM) | 5.30 |
| Earnings date | 02 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ZacksPinnacle West (PNW) Q1 Earnings & Sales Surpass Estimates
Pinnacle West's (PNW) first-quarter earnings and revenues increase year over year. Total operating expenses decline during the same period.
ReutersPinnacle West Capital posts Q1 profit on customer growth, new rates
Utility companies use General Rate Case (GRC) proceedings to increase consumer electricity prices to ask for an increase in rates on the basis of its total cost of providing service. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses. "The first quarter proved to be a strong start to our year and continued to build on the momentum of a growing and diverse customer base," said Pinnacle West Chief Executive Officer Jeff Guldner, in a statement, citing 1.8% year-over-year customer growth and weather-normalized sales growth of 5.9%.
Zacks4 Defensive Stocks to Buy Amid Sinking Consumer Confidence
Stocks like Atmos Energy Corporation (ATO), California Water Service Group (CWT), Pinnacle West Capital Corporation (PNW), Colgate-Palmolive Company (CL) and McCormick & Company, Incorporated (MKC) are a safe bet amid sinking consumer confidence.
