Media stories about Pinnacle West Capital Corporation (NYSE:PNW) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle West Capital Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.942230205455 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Pinnacle West Capital Corporation’s (NYSE:PNW) “Hold” Rating Reiterated at Royal Bank Of Canada (americanbankingnews.com)
- Pinnacle West Capital Corporation (NYSE:PNW) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- ETFs with exposure to Pinnacle West Capital Corp. : July 24, 2017 (finance.yahoo.com)
- Pinnacle West Capital Corp. breached its 50 day moving average in a Bullish Manner : PNW-US : July 21, 2017 (finance.yahoo.com)
- Pinnacle West Capital Corporation (PNW) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several analysts have recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $89.00 price target on shares of Pinnacle West Capital Corporation in a research note on Monday. BidaskClub raised shares of Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised shares of Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $86.00 price target on shares of Pinnacle West Capital Corporation in a research note on Wednesday, May 17th. Finally, Morgan Stanley decreased their price target on shares of Pinnacle West Capital Corporation from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Pinnacle West Capital Corporation currently has an average rating of “Hold” and a consensus target price of $81.44.
Shares of Pinnacle West Capital Corporation (PNW) traded down 0.44% during trading on Tuesday, reaching $86.10. 492,400 shares of the company’s stock were exchanged. The stock has a market cap of $9.61 billion, a PE ratio of 20.91 and a beta of 0.37. The stock’s 50 day moving average price is $86.71 and its 200-day moving average price is $83.42. Pinnacle West Capital Corporation has a 52-week low of $70.86 and a 52-week high of $89.56.
Pinnacle West Capital Corporation (NYSE:PNW) last posted its earnings results on Tuesday, May 2nd. The utilities provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. Pinnacle West Capital Corporation had a net margin of 13.17% and a return on equity of 9.40%. The firm had revenue of $677.73 million for the quarter, compared to analyst estimates of $704.09 million. During the same period in the previous year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Pinnacle West Capital Corporation will post $4.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, July 28th. Pinnacle West Capital Corporation’s payout ratio is 63.75%.
In other Pinnacle West Capital Corporation news, VP John S. Hatfield sold 2,265 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $84.63, for a total transaction of $191,686.95. Following the sale, the vice president now directly owns 2,145 shares of the company’s stock, valued at approximately $181,531.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel T. Froetscher sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $87.31, for a total transaction of $244,468.00. Following the sale, the senior vice president now directly owns 8,568 shares in the company, valued at $748,072.08. The disclosure for this sale can be found here. Insiders have sold a total of 70,875 shares of company stock worth $6,003,922 over the last three months. Insiders own 0.70% of the company’s stock.
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Pinnacle West Capital Corporation Company Profile
Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution.
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