Several brokerages have updated their recommendations and price targets on shares of Pinnacle West Capital Corporation (NYSE: PNW) in the last few weeks:

  • 8/10/2017 – Pinnacle West Capital Corporation had its price target raised by analysts at Morgan Stanley from $79.00 to $83.00. They now have an “underweight” rating on the stock.
  • 8/4/2017 – Pinnacle West Capital Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $89.00 price target on the stock.
  • 7/24/2017 – Pinnacle West Capital Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/24/2017 – Pinnacle West Capital Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $89.00 price target on the stock.
  • 7/18/2017 – Pinnacle West Capital Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pinnacle West Capital is well positioned to reap the benefits of ongoing economic improvement in its service territories. Better economic prospects, increase in the customer count and higher customer spending are expected to drive earnings. The company is also expanding its renewable generation portfolio. Shares of Pinnacle West have outperformed Zacks categorized Utility-Electric Power industry in the last six months. However, the company is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in commodity price, as well as operational risks and hazards. Cost of complying with new regulations could increase cost of operations while failure to meet the same might impact its business plans.”
  • 7/11/2017 – Pinnacle West Capital Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pinnacle West Capital is well positioned to reap the benefits of ongoing economic improvement in its service territories. Better economic prospects, increase in the customer count and higher customer spending are expected to drive earnings. The company is also expanding its renewable generation portfolio. Shares of Pinnacle West have outperformed Zacks categorized Utility-Electric Power industry in the last six months. However, the company is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in commodity price, as well as operational risks and hazards. Cost of complying with new regulations could increase cost of operations while failure to meet the same might impact its business plans.”
  • 6/24/2017 – Pinnacle West Capital Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Pinnacle West Capital Corporation (NYSE:PNW) opened at 88.97 on Friday. The stock has a market cap of $9.93 billion, a P/E ratio of 19.65 and a beta of 0.37. The stock has a 50 day moving average of $86.47 and a 200-day moving average of $84.23. 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 Thursday, August 3rd. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.33. The firm had revenue of $944.59 million during the quarter, compared to analysts’ expectations of $921.79 million. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.20%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. Analysts forecast that Pinnacle West Capital Corporation will post $4.26 earnings per share 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 paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Friday, July 28th. Pinnacle West Capital Corporation’s dividend payout ratio (DPR) is presently 57.96%.

In other Pinnacle West Capital Corporation news, SVP Barbara M. Gomez sold 1,900 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $84.00, for a total value of $159,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel T. Froetscher sold 2,800 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $87.31, for a total transaction of $244,468.00. Following the completion of the sale, the senior vice president now owns 8,568 shares of the company’s stock, valued at $748,072.08. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.

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