Pinnacle West Capital Corp. (NYSE:PNW) VP John S. Hatfield sold 4,523 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $75.27, for a total value of $340,446.21. Following the completion of the sale, the vice president now directly owns 2,265 shares in the company, valued at approximately $170,486.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Pinnacle West Capital Corp. (NYSE:PNW) opened at 76.88 on Tuesday. The firm’s 50-day moving average price is $76.52 and its 200 day moving average price is $75.55. The firm has a market capitalization of $8.55 billion, a P/E ratio of 20.30 and a beta of 0.35. Pinnacle West Capital Corp. has a one year low of $60.70 and a one year high of $82.78.

Pinnacle West Capital Corp. (NYSE:PNW) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.06. Pinnacle West Capital Corp. had a return on equity of 8.94% and a net margin of 12.02%. The company earned $915.40 million during the quarter, compared to the consensus estimate of $915.40 million. During the same period in the previous year, the company earned $1.10 earnings per share. Pinnacle West Capital Corp.’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Pinnacle West Capital Corp. will post $3.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 1st were paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, July 28th. Pinnacle West Capital Corp.’s dividend payout ratio is 65.96%.

Several institutional investors have recently made changes to their positions in PNW. Cleararc Capital Inc. increased its position in shares of Pinnacle West Capital Corp. by 0.7% in the second quarter. Cleararc Capital Inc. now owns 2,711 shares of the company’s stock worth $220,000 after buying an additional 20 shares in the last quarter. Karp Capital Management Corp increased its position in shares of Pinnacle West Capital Corp. by 0.9% in the second quarter. Karp Capital Management Corp now owns 3,351 shares of the company’s stock worth $272,000 after buying an additional 29 shares in the last quarter. Hollencrest Securities LLC increased its position in shares of Pinnacle West Capital Corp. by 1.0% in the second quarter. Hollencrest Securities LLC now owns 3,149 shares of the company’s stock worth $256,000 after buying an additional 31 shares in the last quarter. World Asset Management Inc increased its position in shares of Pinnacle West Capital Corp. by 0.5% in the second quarter. World Asset Management Inc now owns 11,292 shares of the company’s stock worth $915,000 after buying an additional 61 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Pinnacle West Capital Corp. by 2.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,820 shares of the company’s stock worth $206,000 after buying an additional 74 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

PNW has been the topic of a number of research analyst reports. Williams Capital reaffirmed a “hold” rating and issued a $79.00 target price (up previously from $58.00) on shares of Pinnacle West Capital Corp. in a report on Tuesday, August 30th. SunTrust Banks Inc. reduced their target price on Pinnacle West Capital Corp. from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of Pinnacle West Capital Corp. in a report on Monday, July 18th. Zacks Investment Research downgraded Pinnacle West Capital Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perfor” rating and issued a $69.00 target price (down previously from $73.00) on shares of Pinnacle West Capital Corp. in a report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Pinnacle West Capital Corp. has an average rating of “Hold” and an average target price of $71.30.

Pinnacle West Capital Corp. Company Profile

Pinnacle West Capital Corporation is a holding company that operates primarily through its subsidiaries. The Company operates through electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution.

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