Media headlines about Pinnacle West Capital (NYSE:PNW) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.8285675041665 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Pinnacle West Capital (PNW) opened at $79.95 on Thursday. Pinnacle West Capital has a 12 month low of $76.24 and a 12 month high of $92.48. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $8,863.53, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 5.67 and a beta of 0.38.
Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.13. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. equities analysts expect that Pinnacle West Capital will post 4.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st will be given a dividend of $0.695 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.48%. Pinnacle West Capital’s payout ratio is 60.04%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Monday, January 8th. SunTrust Banks set a $84.00 price target on Pinnacle West Capital and gave the company a “hold” rating in a report on Monday, January 22nd. Bank of America cut Pinnacle West Capital from a “neutral” rating to an “underperform” rating and set a $84.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, ValuEngine cut Pinnacle West Capital from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.78.
In other news, CEO Donald E. Brandt sold 18,153 shares of the firm’s 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 in the company, valued at $10,617,115.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Donald E. Brandt sold 24,216 shares of Pinnacle West Capital stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $79.21, for a total value of $1,918,149.36. Following the completion of the transaction, the chairman now owns 94,358 shares of the company’s stock, valued at approximately $7,474,097.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,881 shares of company stock valued at $4,124,196. Company 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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