Evercore analyst Michael Lonegan maintains $Pinnacle West Capital Corp (PNW.US)$ with a hold rating, and adjusts the target price from $69 to $92.
According to TipRanks data, the analyst has a success rate of 55.6% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pinnacle West Capital Corp (PNW.US)$'s main analysts recently are as follows:
Following a decision by the Arizona Corporation Commission, which was approved 3-2 to adopt a significant policy statement, there are now higher-level guidelines set for utilities to pursue formula rates in upcoming rate cases. Though the impact of this development remains uncertain in the long term, it potentially enhances the outlook for Pinnacle West by decreasing the risk associated with the scheduling of its forthcoming rate case expected by mid-2025.
The approval of formula ratemaking by the Arizona Corporation Commission with minor modifications to the regulatory lag docket policy statement should allow Pinnacle West to smooth out the variability in its earnings profile. This is expected to support the company's capability to consistently achieve an annual EPS growth rate of 5%-7%.
The structural improvements in the Arizona regulatory environment are viewed positively. Additionally, the state is well-placed to benefit from the data economy and industrial load growth, along with favorable population trends.
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Evercore分析师Michael Lonegan维持$西帕纳卡资本 (PNW.US)$持有评级，并将目标价从69美元上调至92美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.6%，总平均回报率为4.6%。
此外，综合报道，$西帕纳卡资本 (PNW.US)$近期主要分析师观点如下：
亚利桑那州公司委员会做出决定，3-2的结果通过了一项重要政策声明，现在设定了更高层级的指导方针，以便公用事业公司在即将到来的费率案件中追求计费率。尽管这一发展对长期的影响仍不确定，但潜在地增强了对黑针西（Pinnacle West）的前景，降低了与其即将在2025年中期预期的费率案件的时间安排相关风险。
亚利桑那州公司委员会批准了具有对监管滞后登记政策声明进行轻微修改的计费定价，这应允许黑针西（Pinnacle West）调整其收益概况的变化。预计这将支持公司能够持续实现年度每股收益增长率为5%-7%。
亚利桑那州监管环境的结构性改进被视为积极的。此外，该州有望从数据经济和工业负荷增长，以及有利的人口趋势中受益。
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