Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Pinnacle West Capital (PNW) Share Price

Media coverage about Pinnacle West Capital (NYSE:PNW) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pinnacle West Capital earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.5801716401116 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research firms recently weighed in on PNW. Royal Bank Of Canada reiterated a “hold” rating and set a $89.00 target price on shares of Pinnacle West Capital in a research report on Tuesday, August 29th. Zacks Investment Research upgraded Pinnacle West Capital from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, September 11th. KeyCorp reiterated a “hold” rating on shares of Pinnacle West Capital in a research report on Friday, September 1st. Morgan Stanley lifted their target price on Pinnacle West Capital from $83.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, SunTrust Banks reiterated a “hold” rating and set a $91.00 target price on shares of Pinnacle West Capital in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.70.

Pinnacle West Capital (NYSE:PNW) traded down $0.80 during midday trading on Monday, reaching $90.21. The company had a trading volume of 836,919 shares, compared to its average volume of 677,339. The stock has a market capitalization of $10,168.53, a P/E ratio of 19.66, a PEG ratio of 6.59 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.85. Pinnacle West Capital has a 12 month low of $72.61 and a 12 month high of $92.48.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.13. Pinnacle West Capital had a return on equity of 10.31% and a net margin of 14.67%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $2.35 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Pinnacle West Capital will post 4.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st were given a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.08%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Tuesday, October 31st. Pinnacle West Capital’s payout ratio is presently 60.04%.

In other news, Director Michael L. Gallagher sold 2,012 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.37, for a total value of $179,812.44. Following the transaction, the director now directly owns 12,786 shares in the company, valued at $1,142,684.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald E. Brandt sold 18,153 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $89.54, for a total value of $1,625,419.62. Following the completion of the transaction, the chief executive officer now owns 118,574 shares in the company, valued at $10,617,115.96. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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Pinnacle West Capital 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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