Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pinnacle West Capital (PNW) Stock Price
News headlines about Pinnacle West Capital (NYSE:PNW) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle West Capital earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.8285675041665 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Pinnacle West Capital Corporation: Pinnacle West Sets Date for 2017 Fourth-Quarter and Full-Year Financial Results, Webcast/Conference Call (twst.com)
- Pinnacle West Capital (PNW) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Head-To-Head Contrast: Southern (SO) versus Pinnacle West Capital (PNW) (americanbankingnews.com)
- BofA/Merrill Lynch Downgrades Pinnacle West Capital (PNW) to Underperform Citing Valuation (streetinsider.com)
Shares of Pinnacle West Capital (NYSE:PNW) traded down $1.03 on Tuesday, reaching $82.02. The company had a trading volume of 572,358 shares, compared to its average volume of 736,567. Pinnacle West Capital has a 52 week low of $75.79 and a 52 week high of $92.48. The stock has a market cap of $9,220.00, a price-to-earnings ratio of 17.71, a P/E/G ratio of 5.89 and a beta of 0.38. The company has a current ratio of 0.90, a quick ratio of 0.68 and a debt-to-equity ratio of 0.85.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, January 31st. Pinnacle West Capital’s payout ratio is presently 60.04%.
A number of equities research analysts have recently commented on PNW shares. Zacks Investment Research cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Morgan Stanley lifted their target price on Pinnacle West Capital from $90.00 to $91.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. ValuEngine lowered Pinnacle West Capital from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Bank of America lowered Pinnacle West Capital from a “neutral” rating to an “underperform” rating and set a $84.00 price objective for the company. in a report on Wednesday, January 3rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $88.00 price objective on shares of Pinnacle West Capital in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $86.40.
In other Pinnacle West Capital news, CEO Donald E. Brandt sold 18,153 shares of Pinnacle West Capital stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.54, for a total transaction of $1,625,419.62. Following the completion of the transaction, the chief executive officer now owns 118,574 shares of the company’s stock, valued at approximately $10,617,115.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David P. Falck sold 4,500 shares of Pinnacle West Capital stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $89.07, for a total value of $400,815.00. Following the transaction, the executive vice president now directly 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 ninety days. Insiders own 0.70% of the company’s stock.
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About Pinnacle West Capital
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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