Press coverage about Pinnacle West Capital Corporation (NYSE:PNW) has been trending somewhat positive on Sunday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle West Capital Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 51 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently weighed in on PNW shares. BidaskClub lowered shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research lowered shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and issued a $89.00 price objective on shares of Pinnacle West Capital Corporation in a report on Friday. Morgan Stanley decreased their price objective on shares of Pinnacle West Capital Corporation from $83.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, May 8th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $89.00 price objective on shares of Pinnacle West Capital Corporation in a report on Monday, July 24th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Pinnacle West Capital Corporation has a consensus rating of “Hold” and an average target price of $81.78.

Pinnacle West Capital Corporation (PNW) traded down 0.74% during midday trading on Friday, hitting $88.06. The stock had a trading volume of 734,977 shares. The firm has a market capitalization of $9.82 billion, a P/E ratio of 21.39 and a beta of 0.37. Pinnacle West Capital Corporation has a 52-week low of $70.86 and a 52-week high of $89.56. The firm has a 50-day moving average of $86.49 and a 200 day moving average of $83.82.

Pinnacle West Capital Corporation (NYSE:PNW) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.33. The business had revenue of $944.59 million during the quarter, compared to the consensus estimate of $921.79 million. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.21%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. On average, equities analysts forecast that Pinnacle West Capital Corporation will post $4.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.655 per share. The ex-dividend date is Friday, July 28th. This represents a $2.62 annualized dividend and a yield of 2.98%. Pinnacle West Capital Corporation’s dividend payout ratio (DPR) is currently 57.96%.

In other Pinnacle West Capital Corporation news, Director Denis A. Cortese sold 1,776 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $83.85, for a total transaction of $148,917.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel T. Froetscher sold 2,800 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $87.31, for a total transaction of $244,468.00. Following the sale, 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. Insiders have sold a total of 6,476 shares of company stock valued at $552,986 over the last 90 days. 0.70% of the stock is currently owned by insiders.

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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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