Pinnacle West Capital (PNW) Receiving Somewhat Favorable Press Coverage, Report Finds

Press coverage about Pinnacle West Capital (NYSE:PNW) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pinnacle West Capital earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.6700338422572 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s rankings:

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Several research firms have weighed in on PNW. Morgan Stanley set a $84.00 target price on Pinnacle West Capital and gave the company a “hold” rating in a research report on Monday. Zacks Investment Research downgraded Pinnacle West Capital from a “buy” rating to a “hold” rating in a research report on Monday. SunTrust Banks reaffirmed a “hold” rating and issued a $82.00 target price on shares of Pinnacle West Capital in a research report on Wednesday, April 11th. Finally, UBS began coverage on Pinnacle West Capital in a research report on Friday, February 2nd. They issued a “neutral” rating and a $81.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $84.91.

Shares of Pinnacle West Capital stock traded up $1.15 on Monday, reaching $79.29. 707,156 shares of the company were exchanged, compared to its average volume of 903,936. Pinnacle West Capital has a 1-year low of $73.81 and a 1-year high of $92.48. The company has a market cap of $8,736.04, a PE ratio of 18.23, a P/E/G ratio of 5.90 and a beta of 0.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.61 and a current ratio of 0.85.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.19 EPS for the quarter, topping the Zacks’ 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 previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. sell-side analysts predict that Pinnacle West Capital will post 4.46 earnings per share for the current fiscal year.

In other news, VP John S. Hatfield sold 2,145 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,443 shares of the company’s stock, valued at $109,870.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Donald E. Brandt sold 39,083 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $77.23, for a total value of $3,018,380.09. Following the transaction, the chief executive officer now directly owns 88,741 shares of the company’s stock, valued at $6,853,467.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,110 shares of company stock valued at $5,300,760. Corporate insiders own 0.53% of the company’s stock.

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Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million homes and businesses.

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

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