News stories about Pinnacle West Capital Corporation (NYSE:PNW) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle West Capital Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.7675176077793 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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

A number of brokerages have weighed in on PNW. BidaskClub downgraded shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Morgan Stanley upped their price objective on shares of Pinnacle West Capital Corporation from $83.00 to $86.00 and gave the stock an “underweight” rating in a research report on Friday. Zacks Investment Research downgraded shares of Pinnacle West Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating and set a $89.00 target price on shares of Pinnacle West Capital Corporation in a research note on Tuesday, August 29th. Finally, BMO Capital Markets reissued a “hold” rating and set a $89.00 target price on shares of Pinnacle West Capital Corporation in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Pinnacle West Capital Corporation has an average rating of “Hold” and an average price target of $83.67.

Shares of Pinnacle West Capital Corporation (NYSE:PNW) traded down 2.03% during trading on Tuesday, reaching $88.91. 467,310 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $88.79 and its 200 day moving average price is $86.08. The firm has a market capitalization of $9.92 billion, a PE ratio of 19.64 and a beta of 0.38. Pinnacle West Capital Corporation has a 52 week low of $70.86 and a 52 week high of $90.92.

Pinnacle West Capital Corporation (NYSE:PNW) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.33. Pinnacle West Capital Corporation had a net margin of 14.37% and a return on equity of 10.20%. The company had revenue of $944.59 million during the quarter, compared to the consensus estimate of $921.79 million. During the same period in the prior year, the company earned $1.08 EPS. Pinnacle West Capital Corporation’s revenue was up 3.2% on a year-over-year basis. Analysts predict that Pinnacle West Capital Corporation will post $4.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st were issued a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, July 28th. Pinnacle West Capital Corporation’s payout ratio is 57.96%.

In other Pinnacle West Capital Corporation news, Director Kathryn L. Munro sold 1,806 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $90.28, for a total transaction of $163,045.68. Following the completion of the sale, the director now directly owns 17,852 shares of the company’s stock, valued at $1,611,678.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David P. Falck sold 4,600 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $89.98, for a total transaction of $413,908.00. Following the sale, the executive vice president now directly owns 42,840 shares of the company’s stock, valued at $3,854,743.20. The disclosure for this sale can be found here. Insiders sold a total of 41,419 shares of company stock valued at $3,713,068 over the last three months. 0.70% of the stock is owned by corporate 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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