Pinnacle West Capital Corporation (NYSE:PNW) Director Kathryn L. Munro sold 1,806 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $90.28, for a total value of $163,045.68. Following the sale, the director now directly owns 17,852 shares in the company, valued at $1,611,678.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pinnacle West Capital Corporation (NYSE:PNW) opened at 90.41 on Wednesday. Pinnacle West Capital Corporation has a 12 month low of $70.86 and a 12 month high of $90.87. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 19.97 and a beta of 0.37. The stock’s 50 day moving average price is $87.42 and its 200-day moving average price is $85.18.

Pinnacle West Capital Corporation (NYSE:PNW) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.33. The company had revenue of $944.59 million during the quarter, compared to analysts’ expectations of $921.79 million. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.20%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities analysts expect that Pinnacle West Capital Corporation will post $4.26 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 given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, July 28th. Pinnacle West Capital Corporation’s payout ratio is currently 57.96%.

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A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Tuesday. BidaskClub raised Pinnacle West Capital Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley raised their price target on Pinnacle West Capital Corporation from $79.00 to $83.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. BMO Capital Markets reissued a “hold” rating and set a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Friday, August 4th. Finally, Zacks Investment Research raised Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Pinnacle West Capital Corporation has an average rating of “Hold” and a consensus price target of $81.89.

A number of institutional investors have recently made changes to their positions in PNW. Candriam Luxembourg S.C.A. acquired a new position in shares of Pinnacle West Capital Corporation during the first quarter worth about $1,854,000. Lazard Asset Management LLC raised its position in Pinnacle West Capital Corporation by 0.3% in the first quarter. Lazard Asset Management LLC now owns 151,331 shares of the utilities provider’s stock worth $12,617,000 after buying an additional 385 shares in the last quarter. BlackRock Inc. raised its position in Pinnacle West Capital Corporation by 3,579.0% in the first quarter. BlackRock Inc. now owns 10,792,256 shares of the utilities provider’s stock worth $899,860,000 after buying an additional 10,498,905 shares in the last quarter. FDO Partners LLC purchased a new position in Pinnacle West Capital Corporation during the first quarter worth $327,000. Finally, Schwab Charles Investment Management Inc. raised its position in Pinnacle West Capital Corporation by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 486,981 shares of the utilities provider’s stock worth $40,605,000 after buying an additional 21,121 shares in the last quarter. Institutional investors own 84.18% of the company’s stock.

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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