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:

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.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $2.46 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.13. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.21 billion. Pinnacle West Capital had a net margin of 14.67% and a return on equity of 10.31%. Pinnacle West Capital’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 EPS. research analysts anticipate that Pinnacle West Capital will post 4.28 EPS for the current year.

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.

TRADEMARK VIOLATION NOTICE: “Pinnacle West Capital (PNW) Getting Somewhat Positive Press Coverage, Analysis Finds” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/pinnacle-west-capital-pnw-getting-somewhat-positive-press-coverage-analysis-finds/1775095.html.

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.

Insider Buying and Selling by Quarter for Pinnacle West Capital (NYSE:PNW)

Receive News & Ratings for Pinnacle West Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle West Capital and related companies with MarketBeat.com's FREE daily email newsletter.