News articles about Pinnacle West Capital (NYSE:PNW) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle West Capital earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 44.767397810119 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Pinnacle West Capital (NYSE:PNW) traded up $0.24 during trading on Friday, hitting $89.52. The company had a trading volume of 148,295 shares, compared to its average volume of 664,722. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.90 and a quick ratio of 0.68. Pinnacle West Capital has a 12-month low of $72.61 and a 12-month high of $92.48. The firm has a market capitalization of $10,000.00, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 6.48 and a beta of 0.38.
Pinnacle West Capital (NYSE:PNW) last released its earnings results on Friday, November 3rd. The utilities provider reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.33 by $0.13. Pinnacle West Capital had a return on equity of 10.31% and a net margin of 14.67%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. analysts expect that Pinnacle West Capital will post 4.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be issued a dividend of $0.695 per share. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, October 31st. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.11%. Pinnacle West Capital’s payout ratio is 60.04%.
PNW has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Pinnacle West Capital from $83.00 to $86.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $84.00 price target on shares of Pinnacle West Capital in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital in a report on Tuesday, August 29th. BMO Capital Markets reissued a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital in a report on Friday, August 4th. Finally, ValuEngine raised Pinnacle West Capital from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.70.
In related 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 sale, the chief executive officer now owns 118,574 shares of the company’s stock, valued at $10,617,115.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Gallagher sold 2,012 shares of Pinnacle West Capital stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.37, for a total value of $179,812.44. Following the sale, the director now directly owns 12,786 shares of the company’s stock, valued at approximately $1,142,684.82. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
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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