News coverage about Pinnacle West Capital (NYSE:PNW) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. 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 news articles about the utilities provider an impact score of 45.7451328995661 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Pinnacle West Capital Co. (PNW) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Pinnacle West's Unit Aims to Cut Customers' Bills by $119M (finance.yahoo.com)
- Form 8-K PINNACLE WEST CAPITAL For: Jan 03 Filed by: ARIZONA PUBLIC SERVICE CO (streetinsider.com)
- Corporate Tax Cut Savings Lead APS to Request Decrease in Customer Bills (finance.yahoo.com)
- 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 (NYSE:PNW) traded down $0.70 during trading on Friday, hitting $79.22. 748,717 shares of the stock traded hands, compared to its average volume of 547,818. Pinnacle West Capital has a 52 week low of $75.79 and a 52 week high of $92.48. The firm has a market capitalization of $8,929.45, a price-to-earnings ratio of 17.11, a P/E/G ratio of 5.71 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.85.
Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $2.46 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $2.35 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts forecast that Pinnacle West Capital will post 4.28 earnings per share for the current fiscal year.
The firm 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 $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, January 31st. Pinnacle West Capital’s payout ratio is currently 60.04%.
PNW has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Pinnacle West Capital from $90.00 to $91.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. 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. ValuEngine raised shares of Pinnacle West Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Bank of America initiated coverage on shares of Pinnacle West Capital in a research report on Tuesday, October 24th. They set a “neutral” rating and a $89.00 price target for the company. Finally, Zacks Investment Research lowered shares of Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.40.
In other news, EVP David P. Falck sold 4,500 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $89.07, for a total value of $400,815.00. Following the completion of the sale, the executive vice president now owns 40,838 shares of the company’s stock, valued at $3,637,440.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald E. Brandt sold 18,153 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 118,574 shares of the company’s stock, valued at $10,617,115.96. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock valued at $2,206,047 in the last three months. Company 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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