Citi analyst Ryan Levine maintains $Pinnacle West Capital Corp (PNW.US)$ with a hold rating, and adjusts the target price from $78 to $95.
According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 8.7% 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.
Note:
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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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花旗分析师Ryan Levine维持$西帕纳卡资本 (PNW.US)$持有评级，并将目标价从78美元上调至95美元。
根据TipRanks数据显示，该分析师近一年总胜率为64.0%，总平均回报率为8.7%。
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经过3-2的投票决定，采用了一项重要的政策声明，现在为公用事业在即将到来的费率案件中追求公式费率 set 了更高层次的指导方针。尽管这一发展的长期影响仍不确定，但它可能通过降低与预计在2025年中期进行的即将到来的费率案件的安排相关的风险，从而改善Pinnacle West的前景。
亚利桑那州公司委员会批准以小幅修改监管滞后档案政策声明的公式计费，应该可以让Pinnacle West平滑其盈利模式中的波动。这预计将支持该公司持续实现5%-7%的年每股收益增长率的能力。
亚利桑那州监管环境的结构性改善被视为积极因素。此外，该州有良好的条件可以受益于数据经济和工业负荷增长，以及有利的人口趋势。
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