Somewhat Favorable News Coverage Somewhat Unlikely to Affect Pinnacle West Capital Corporation (PNW) Stock Price

Media headlines about Pinnacle West Capital Corporation (NYSE:PNW) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle West Capital Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.701281844926 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Pinnacle West Capital Corporation (NYSE PNW) opened at 88.97 on Friday. Pinnacle West Capital Corporation has a 12-month low of $70.86 and a 12-month high of $89.56. The firm has a market capitalization of $9.93 billion, a PE ratio of 19.65 and a beta of 0.37. The company’s 50 day moving average is $86.47 and its 200 day moving average is $84.23.

Pinnacle West Capital Corporation (NYSE:PNW) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.33. The company had revenue of $944.59 million for the quarter, compared to analyst estimates of $921.79 million. Pinnacle West Capital Corporation had a return on equity of 10.20% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. On average, analysts forecast that Pinnacle West Capital Corporation will post $4.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 1st will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, July 28th. Pinnacle West Capital Corporation’s dividend payout ratio is currently 57.96%.

Several equities analysts have recently issued reports on PNW shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Pinnacle West Capital Corporation in a research note on Wednesday, May 17th. Zacks Investment Research cut shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Morgan Stanley lowered their price objective on shares of Pinnacle West Capital Corporation from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Pinnacle West Capital Corporation in a research note on Monday, July 24th. Finally, BidaskClub raised shares of Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.89.

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In related news, SVP Barbara M. Gomez sold 1,900 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $84.00, for a total value of $159,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Daniel T. Froetscher sold 2,800 shares of Pinnacle West Capital Corporation stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $87.31, for a total value of $244,468.00. Following the completion of the transaction, the senior vice president now directly owns 8,568 shares in the company, valued at $748,072.08. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Pinnacle West Capital Corporation 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 Corporation (NYSE:PNW)

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