Pinnacle West Capital Corporation (PNW) has seen impressive performance with multiple investment firms adjusting their positions. While several entities have reported selling their shares, there are notably new investments and increases in existing positions from reputable institutions such as Quest Partners, International Assets Investment Management LLC, and BNP Paribas Financial markets-driving the stock price up. PNW is dominated by institutional ownership, currently holding 87% shares. Their
Q1 2024 earnings exceeded revenue expectations, and a solid performance is expected in their upcoming Q1 report, thanks to customer growth and new rates. PNW's stock has been performing well, although there have been days where it underperformed compared to competitors, it stands out as a
top growth and momentum stock for the long term. Although the corporation has increased its debt load, it maintains a high yield amongst quality utility plays. Analysts have raised their price target for PNW, indicating a bullish market.
The corporation announced a major public offering of $650 million of Common Stock, proposes to add PNW to investors' portfolio, and is planning investor meetings in May 2024.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 05 Aug 2021 07:00:00 GMT to Thu, 23 May 2024 18:47:06 GMT -
Rating 7
- Innovation -5
- Information 8
- Rumor -4
