Pinnacle West Capital Corporation (PNW), has been recurrent in financial news lately, stirring interest among investors and stakeholders. Many reputable holders have adjusted their stock positions in PNW, such as
Commerce Bank,
Dimensional Fund Advisors LP, and
Principal Financial Group Inc. making notable shares acquisitions or reductions. Similarly,
Norges Bank and
Jump Financial LLC made new investments, indicating the company's competitive edge in the market. The company's stocks are sometimes underperforming against competitors, yet occasionally they outperform on strong trading days. Some analysts state investors could be undervaluing PNW by 22%, and others have raised their price target to $76.00. The corporation recently announced a proposed public offering of $650 million of common stock. Pinnacle West also reported exceeding revenue expectations on
Q1 2024 earnings and meeting estimated earnings for Q4. The company's focus on
CAPEX and clean energy goals are underlined as potential factors contributing to its growth. A hefty 87% ownership of its shares indicates heavy institutional ownership, and the company's dividend analysis suggests promising returns. Despite some concerns about its debt load and returns on capital, the corporation is deemed by some as a top momentum stock for the long term.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 23 Feb 2017 08:00:00 GMT to Sat, 01 Jun 2024 12:32:57 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -4
