Pinnacle West Capital Co. (PNW) has seen various levels of trading activity, with the company's stock sometimes outperforming the market, occasionally underperforming. The stock has experienced some notable financial fluctuations, from Q1 earnings lagging estimates, to Q2 earnings, and revenues exceeding expectations. It witnessed share transactions by various entities: Truist Financial Corp sold approximately 21,575 shares, while International Assets Investment Management increased its stake, acquiring over 9,822 shares.
PNW also hit a 52-week high, raising considerations of its sustainability. The company is considered a strong momentum and growth stock. Analysts believe it holds value, even though it carries some debt load. Pinnacle West's Q1 2024 earnings exceeded revenue expectations. In response, its price target was revised upwards by Wells Fargo and BNP Paribas. The company also proposed a public offering of $650 million common stock, priced at 9774436 shares, indicating a potential positive investor outlook. Reported dividends and a high yield among quality utilities add to PNW's attractiveness. However, some worries linger over the company's return on capital.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 06 May 2020 07:00:00 GMT to Sun, 19 May 2024 14:59:00 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -3
