| Pinnacle West Capital is a holding company. Through its subsidiary, Arizona Public Service Company, a vertically-integrated electric utility, Co. provides either retail or wholesale electric service to several of the state of Arizona, with the main exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona. Co.'s reportable business segment is its regulated electricity segment, which consists of regulated retail and wholesale electricity businesses (primarily sales supplied under traditional cost-based rate regulation) and related activities and includes electricity generation, transmission and distribution. We show 42 historical shares outstanding datapoints in our coverage of PNW's shares outstanding history.
Understanding the changing numbers of PNW shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like PNW versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching PNW by allowing them to research PNW shares outstanding history
as well as any other stock in our coverage universe.