Pinnacle West CapitalNYSE: PNW

PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. is set to announce its financial results for the third quarter of 2024 before the U.S. markets open on Wednesday, November 6, 2024.

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Investors looking at Utility - Electric Power stocks probably know about Pinnacle West (PNW) and OGE Energy (OGE). However, which of these two stocks provides better value for money for investors at this moment?

Pinnacle West (PNW) is benefiting from investments in infrastructure and the incorporation of clean energy sources to generate electricity for its customers.

Pinnacle West (PNW) reported quarterly earnings of $1.76 per share, which is higher than the Zacks Consensus Estimate of $1.31 per share. This is an increase compared to earnings of $0.94 per share from the same time last year.

Pinnacle West Capital (PNW) makes a strong case for investment, given its growth prospects, debt management, expansion of renewable portfolio and ability to increase its shareholder value.

PHOENIX--(BUSINESS WIRE)--Pinnacle West's board of directors declares a quarterly dividend of $0.88 per share of common stock.

Utility stocks like Pinnacle West Capital Corporation (PNW), Atmos Energy Corporation (ATO), California Water Service Group (CWT) and MDU Resources Group, Inc. (MDU) area safe bet during times of market uncertainty.

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Pinnacle West (PNW) and OGE Energy (OGE). But which of these two stocks offers value investors a better bang for their buck right now?