We are changing the Morningstar Economic Moat Rating for Pinnacle West to no-moat from narrow after considering the uncertain regulatory environment in Arizona. The change does not affect our $77 fair value estimate.
Pinnacle West should benefit from investing in the infrastructure that will be needed to support renewable energy targets in Arizona and surrounding states.
Utility regulation in Arizona has a history of political influence, creating more regulatory uncertainty than at other utilities and raising risk for shareholders.
|
Metric
|
PNW
|
OGE
|
EVRG
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.49 | 17.02 | 15.13 |
Price/Book Value | 1.39 | 1.60 | 1.26 |
Price/Sales | 1.84 | 2.62 | 2.20 |
Price/Cash Flow | 7.21 | 8.11 | 6.65 |
|
Metric
|
PNW
|
OGE
|
EVRG
|
|---|---|---|---|
Quick Ratio | 0.19 | 0.19 | 0.07 |
Current Ratio | 0.58 | 0.51 | 0.57 |
Interest Coverage | 2.72 | 2.85 | 2.36 |
|
Metric
|
PNW
|
OGE
|
EVRG
|
|---|---|---|---|
Return on Assets (Normalized) | 2.02% | 3.07% | 2.63% |
Return on Equity (Normalized) | 7.96% | 8.80% | 8.36% |
Return on Invested Capital (Normalized) | 4.65% | 6.49% | 5.90% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NextEra Energy Inc
NEE
| Yztkmpdrc | Xwbpp | $154.9 Bil | |||
| Southern Co
SO
| Lncjwxmcr | Kpfvrgs | $85.2 Bil | |||
| Duke Energy Corp
DUK
| Xlrlwrg | Chhjlyj | $79.2 Bil | |||
| PG&E Corp
PCG
| Xrwvytrhb | Shl | $47.2 Bil | |||
| American Electric Power Co Inc
AEP
| Bdgtplv | Wnyqqwg | $46.5 Bil | |||
| National Grid PLC ADR
NGG
| Zxvldjvh | Bcqxq | $45.0 Bil | |||
| Dominion Energy Inc
D
| Wqpbwgcz | Nysjvn | $43.1 Bil | |||
| Public Service Enterprise Group Inc
PEG
| Txtswgx | Flpntd | $36.3 Bil | |||
| Exelon Corp
EXC
| Xlshklfcn | Zlyyyt | $36.2 Bil | |||
| Consolidated Edison Inc
ED
| Nxvssfzs | Wdsl | $31.7 Bil |
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