Pinnacle West Capital (PNW) Getting Somewhat Favorable Press Coverage, Study Shows

Media headlines about Pinnacle West Capital (NYSE:PNW) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle West Capital earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.9605069919557 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Pinnacle West Capital (NYSE:PNW) traded down $2.10 during midday trading on Tuesday, hitting $89.12. 523,842 shares of the stock traded hands, compared to its average volume of 673,460. Pinnacle West Capital has a one year low of $74.46 and a one year high of $92.48. 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 company has a market capitalization of $10,139.48, a price-to-earnings ratio of 19.60, a P/E/G ratio of 6.57 and a beta of 0.38.

Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.13. Pinnacle West Capital had a net margin of 14.67% and a return on equity of 10.31%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts expect that Pinnacle West Capital will post 4.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 1st were given a $0.695 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $2.78 annualized dividend and a dividend yield of 3.12%. This is a positive change from Pinnacle West Capital’s previous quarterly dividend of $0.66. Pinnacle West Capital’s payout ratio is 60.04%.

Several brokerages have commented on PNW. SunTrust Banks reaffirmed a “hold” rating and issued a $91.00 price objective on shares of Pinnacle West Capital in a research report on Friday, November 24th. Zacks Investment Research raised shares of Pinnacle West Capital from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, September 11th. Credit Suisse Group began coverage on shares of Pinnacle West Capital in a research report on Wednesday, September 20th. They issued a “neutral” rating and a $90.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Pinnacle West Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Pinnacle West Capital presently has an average rating of “Hold” and an average price target of $86.70.

In related news, CEO Donald E. Brandt sold 18,153 shares of the company’s stock in a transaction that occurred 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 sale, 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 is accessible through this hyperlink. Also, Director Michael L. Gallagher sold 2,012 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $89.37, for a total transaction of $179,812.44. Following the sale, the director now directly owns 12,786 shares in the company, 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.

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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.

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

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