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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花旗分析師Ryan Levine維持$西帕納卡資本 (PNW.US)$持有評級，並將目標價從78美元上調至95美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.0%，總平均回報率為8.7%。
此外，綜合報道，$西帕納卡資本 (PNW.US)$近期主要分析師觀點如下：
根據亞利桑那州公司委員會的決定，該決定以3-2的投票通過，採納了一項重要的政策聲明，現在對公用事業在即將到來的費率案件中追求公式費率設定了更高級別的指導方針。儘管這一發展的長期影響仍不確定，但它有可能通過減少與預計在2025年中期舉行的即將到來的費率案件的調度相關的風險來改善Pinnacle West的前景。
亞利桑那州公司委員會批准的公式定價機制的微小修改應允許Pinnacle West平滑其收益波動性。這預計將支持公司持續實現5%-7%的年每股收益增長率的能力。
亞利桑那州監管環境的結構性改善受到積極評價。此外，該州在數據經濟和工業負荷增長方面處於有利位置，並伴隨有利的人口趨勢。
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