Pinnacle West Capital (PNW) Getting Somewhat Positive Press Coverage, Analysis Finds
Headlines about Pinnacle West Capital (NYSE:PNW) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pinnacle West Capital earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.2654635473574 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Pinnacle West Capital Co. (PNW) to Issue Quarterly Dividend of $0.70 (americanbankingnews.com)
- Pinnacle West Declares Quarterly Dividend (finance.yahoo.com)
- Pinnacle West Capital Breaks Below 200-Day Moving Average – Notable for PNW (nasdaq.com)
- February 2018 Options Now Available For Pinnacle West Capital (PNW) (nasdaq.com)
- Pinnacle West Capital Corp. – Value Analysis (NYSE:PNW) : December 18, 2017 (finance.yahoo.com)
Shares of Pinnacle West Capital (NYSE PNW) traded down $0.79 during mid-day trading on Wednesday, reaching $85.80. 603,842 shares of the company’s stock were exchanged, compared to its average volume of 671,935. The company has a market cap of $9,857.92, a price-to-earnings ratio of 19.06, a PEG ratio of 6.37 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 fifty-two week low of $75.79 and a fifty-two week high of $92.48.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.24%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 60.04%.
A number of research analysts recently issued reports on PNW shares. Morgan Stanley boosted their target price on shares of Pinnacle West Capital from $83.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. ValuEngine upgraded shares of Pinnacle West Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Credit Suisse Group started coverage on shares of Pinnacle West Capital in a research report on Wednesday, September 20th. They set a “neutral” rating and a $90.00 target price on the stock. SunTrust Banks reiterated a “hold” rating and set a $88.00 target price on shares of Pinnacle West Capital in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.20.
In other Pinnacle West Capital news, CEO Donald E. Brandt sold 18,153 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $89.54, for a total transaction of $1,625,419.62. Following the completion of the sale, the chief executive officer now owns 118,574 shares in the company, valued at approximately $10,617,115.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David P. Falck sold 4,500 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $89.07, for a total transaction of $400,815.00. Following the sale, the executive vice president now owns 40,838 shares of the company’s stock, valued at approximately $3,637,440.66. The disclosure for this sale can be found here. Insiders have sold a total of 24,665 shares of company stock valued at $2,206,047 in the last 90 days. 0.70% of the stock is currently owned by company 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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