Media stories about Pinnacle West Capital (NYSE:PNW) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle West Capital earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories 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 stock’s share price in the immediate future.
A number of research firms have recently weighed in on PNW. Morgan Stanley raised their price objective on Pinnacle West Capital from $79.00 to $83.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Bank of America initiated coverage on Pinnacle West Capital in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $89.00 price objective for the company. SunTrust Banks reaffirmed a “hold” rating and set a $84.00 price target on shares of Pinnacle West Capital in a research report on Thursday, October 12th. Credit Suisse Group initiated coverage on Pinnacle West Capital in a research report on Wednesday, September 20th. They set a “neutral” rating and a $90.00 price target for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Pinnacle West Capital in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Pinnacle West Capital presently has a consensus rating of “Hold” and an average price target of $86.70.
Pinnacle West Capital (NYSE PNW) traded down $0.87 during trading hours on Tuesday, reaching $89.34. The company’s stock had a trading volume of 623,008 shares, compared to its average volume of 677,107. Pinnacle West Capital has a 52 week low of $73.74 and a 52 week 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 stock has a market cap of $10,168.53, a price-to-earnings ratio of 19.66, a P/E/G ratio of 6.59 and a beta of 0.38.
Pinnacle West Capital (NYSE:PNW) last issued its earnings results on Friday, November 3rd. The utilities provider reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.13. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Pinnacle West Capital had a return on equity of 10.31% and a net margin of 14.67%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.35 EPS. analysts anticipate that Pinnacle West Capital will post 4.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were issued a $0.695 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.66. This represents a $2.78 dividend on an annualized basis and a yield of 3.11%. Pinnacle West Capital’s dividend payout ratio is currently 60.04%.
In other news, CEO Donald E. Brandt sold 18,153 shares of the company’s stock in a transaction on 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 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 can be accessed through this hyperlink. Also, Director Michael L. Gallagher sold 2,012 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,142,684.82. The disclosure for this sale can be found here. Corporate 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.
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