A number of research firms have changed their ratings and price targets for Pinnacle West Capital (NYSE: PNW):

  • 2/12/2018 – Pinnacle West Capital was given a new $81.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 2/5/2018 – Pinnacle West Capital was given a new $82.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 2/2/2018 – Pinnacle West Capital is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $81.00 price target on the stock.
  • 2/1/2018 – Pinnacle West Capital had its “neutral” rating reaffirmed by analysts at Royal Bank of Canada.
  • 1/29/2018 – Pinnacle West Capital had its “hold” rating reaffirmed by analysts at Williams Capital. They now have a $84.00 price target on the stock, down previously from $87.00.
  • 1/23/2018 – Pinnacle West Capital was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last one year, shares of Pinnacle West Capital Corporation have performed at par with its industry. Pinnacle West Capital is well positioned to gain from the ongoing economic improvement in its service territories. Better economic prospects, increase in the customer count and higher customer spending are expected to drive earnings. The company is also expanding its renewable generation portfolio.  However, Pinnacle West Capital is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in commodity price, as well as operational risks and hazards. “
  • 1/22/2018 – Pinnacle West Capital was given a new $84.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/16/2018 – Pinnacle West Capital was given a new $82.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 1/15/2018 – Pinnacle West Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $89.00 price target on the stock. According to Zacks, “In last one year, shares of Pinnacle West Capital Corporation have outperformed the rally of its industry. Pinnacle West Capital is well positioned to gain from the ongoing economic improvement in its service territories. Better economic prospects, increase in the customer count and higher customer spending are expected to drive earnings. The company is also expanding its renewable generation portfolio.  However, Pinnacle West Capital is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in commodity price, as well as operational risks and hazards. “
  • 1/8/2018 – Pinnacle West Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In last six months, shares of Pinnacle West have lost its value compared with growth of its industry. Pinnacle West is subject to comprehensive regulations by federal, state and local regulatory agencies. In addition, its operations are subject to fluctuations in commodity price, as well as operational risks and hazards. However, Pinnacle West is well positioned to gain from the ongoing economic improvement in its service territories. Better economic prospects, increase in the customer count and higher customer spending are expected to drive earnings. The company is also expanding its renewable generation portfolio.   “
  • 1/3/2018 – Pinnacle West Capital was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $84.00 price target on the stock.
  • 12/21/2017 – Pinnacle West Capital had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $88.00 price target on the stock.
  • 12/19/2017 – Pinnacle West Capital was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Pinnacle West Capital Co. (PNW) traded down $0.21 during trading hours on Monday, hitting $76.08. 120,156 shares of the company were exchanged, compared to its average volume of 773,253. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.90 and a quick ratio of 0.68. The stock has a market cap of $8,523.87, a PE ratio of 16.43, a P/E/G ratio of 5.45 and a beta of 0.27. Pinnacle West Capital Co. has a 1 year low of $73.81 and a 1 year high of $92.48.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.695 per share. The ex-dividend date is Wednesday, January 31st. This represents a $2.78 dividend on an annualized basis and a yield of 3.65%. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 60.04%.

In other Pinnacle West Capital news, Chairman Donald E. Brandt sold 24,216 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $79.21, for a total transaction of $1,918,149.36. Following the sale, the chairman now directly owns 94,358 shares in the company, valued at approximately $7,474,097.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David P. Falck sold 4,500 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $89.07, for a total transaction of $400,815.00. Following the sale, the executive vice president now owns 40,838 shares in the company, valued at $3,637,440.66. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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.

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