Pinnacle West Capital Corporation's (PNW) share prices have been holding strong and regularly hitting 52-week highs. They remain a strong and resilient financial entity despite some market underperformance on certain days against competitors. Victory Capital Management and Savant Capital LLC hold significant stakes in the corporation, showcasing investor confidence. In addition, the company's strong institutional backing is evident with around 89% of shares held by big institutional investors. The trend of exceeding earnings expectations has also added to its positive reputation on Wall Street. However, attention needs to be drawn towards their debt load and how it may affect the Corporation's future prospects. The other aspect to consider is the disparity between their impressive Q1 2023 and Q4 2023 earnings versus lagging returns on capital. Overall, analyst recommendations have been mixed with the likes of Citigroup initiating coverage with a ‘Neutral’ recommendation. Still, the company has managed to garner interest from the likes of Wells Fargo, which raised its price target to $77.00.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 15 Jun 2023 07:00:00 GMT to Thu, 09 May 2024 21:32:29 GMT -
Rating 6
- Innovation 4
- Information 2
- Rumor -6
