Pinnacle West Capital Corporation (PNW)
Utilities · Regulated Electric · Data as of 2026-10-22
Bottom line
PNW is trading near its usual valuation, in the middle of its recent price range, and recent volume suggests money flowing in. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Trading near its usual range (Yellow)
PNW trades at 20× earnings, above its own 5-year average of 16× and roughly in line with similar utilities companies we track (21×, 31 peers). That is roughly what the market has typically paid for this stock. On next year's expected earnings (9 analyst estimates), it trades at 22× — still above its historical average. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 91st percentile of its own last five years — near the top of its own range.
Price zones — In the middle of its recent range (Yellow)
At $106.61, the stock sits between its recent support and resistance levels. Over the past year PNW has traded between $86.18 and $111.16; its historical support zone sits near $99.93 and resistance near $111.16. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $86.18–$111.16 · 50-day average $97.62 · 200-day average $99.93
Money flow — Money is flowing in (Green)
Recent trading in PNW shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 1.4× volume on down days over the last 30 sessions.
Dividends & company facts
PNW paid $3.64 a share in dividends over the past year — 3.4% of today's price — and has raised it in each of the last five years.
- Dividend yield (12 months)
- 3.41%
- Paid over 12 months
- $3.64 a share
- Payout ratio
- 67.4%
- Shares, past year
- +2.2%
- Revenue, 12 months
- $5.6B
- Profit, 12 months
- $640M
- Employees
- 6,610
- CEO
- Theodore N. Geisler
- Headquarters
- Phoenix, AZ
- Listed since
- 1961 · NYSE
About the company
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean…
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一句话结论
PNW 估值接近其惯常水平，处于近期价格区间的中部，近期成交量显示资金正在流入。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 处于其惯常的估值区间
PNW 目前的市盈率为 20×，高于其自身 5 年平均的 16×，并且大致持平于我们追踪的同类Utilities公司（21×，31 家）。这大致就是市场以往为这只股票所付出的水平。按明年的预期盈利计算（9 位分析师的预测），其市盈率为 22×，仍高于历史平均水平。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 91 百分位——接近自身区间的顶部。
价格区间 — 处于近期区间的中部
目前价格为 $106.61，位于其近期的支撑位与阻力位之间。过去一年 PNW 的价格在 $86.18 到 $111.16 之间波动；其历史支撑区在 $99.93 附近，阻力区在 $111.16 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 资金正在流入
PNW 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 1.4×。
股息与公司概况
PNW 过去一年每股派息 3.64 美元，相当于当前股价的 3.4%，过去五年每年都有上调。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.