Somewhat Positive Media Coverage Somewhat Unlikely to Impact Pinnacle West Capital (PNW) Stock Price

Media coverage about Pinnacle West Capital (NYSE:PNW) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.20 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.3080959528799 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Pinnacle West Capital (NYSE PNW) traded down $0.23 during mid-day trading on Friday, hitting $77.76. The company had a trading volume of 1,518,062 shares, compared to its average volume of 910,619. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.93. Pinnacle West Capital has a twelve month low of $73.81 and a twelve month high of $92.48. The company has a market cap of $8,714.79, a P/E ratio of 17.88, a P/E/G ratio of 5.89 and a beta of 0.31.

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Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.09. Pinnacle West Capital had a return on equity of 9.59% and a net margin of 13.70%. The business had revenue of $759.65 million during the quarter, compared to the consensus estimate of $773.12 million. During the same period in the prior year, the company earned $0.47 EPS. Pinnacle West Capital’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts anticipate that Pinnacle West Capital will post 4.46 EPS for the current year.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered Pinnacle West Capital from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks set a $82.00 target price on Pinnacle West Capital and gave the stock a “hold” rating in a report on Thursday, March 15th. Morgan Stanley set a $80.00 target price on Pinnacle West Capital and gave the stock a “hold” rating in a report on Thursday, March 8th. Royal Bank of Canada raised Pinnacle West Capital from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 8th. Finally, Bank of America set a $81.00 target price on Pinnacle West Capital and gave the stock a “sell” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.36.

In related news, VP John S. Hatfield sold 2,145 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $76.14, for a total transaction of $163,320.30. Following the completion of the sale, the vice president now directly owns 1,443 shares in the company, valued at approximately $109,870.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn L. Munro sold 2,666 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $75.36, for a total value of $200,909.76. Following the sale, the director now owns 15,630 shares of the company’s stock, valued at $1,177,876.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,110 shares of company stock valued at $5,300,760. 0.70% of the stock is owned by corporate insiders.

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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.

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

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