Pinnacle West Capital Co. (PNW) is currently registering diverse rounds of activities in their stock portfolio. The company's shares have been subjected to purchases, sales, and valuation adjustments by various financial institutions. Notable mentions include
Massmutual Trust Co. FSB ADV, Vanguard Group, Goldman Sachs, First Hawaiian Bank, Virtu Financial and Cibc World Markets, among others. The company's shares have reached their 52-week high, with speculations of further upward movement. Pinnacle West recently expanded its board with three new members and declared a
quarterly dividend of $0.88. Furthermore, results suggest that
Q2 earnings and revenues surpassed estimates, positively impacting the corporationβs financial standing. Reports also forecast
Q1 2024 earnings, predicting positive revenue expectations. The company has actively participated in
investor meetings, key among them being the one scheduled for
June 2024. PNW boasts a strong demand for its electricity, earning it a position as a lucrative long-term value and growth stock. The company recently announced plans for a $450M Convertible Notes Offering and offering of $475 Million of 4.75% Convertibles. Lastly, the corporation's shares have demonstrated resilience, outperforming competitors on numerous occasions.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 26 Oct 2022 07:00:00 GMT to Sun, 23 Jun 2024 10:19:22 GMT -
Rating 4
- Innovation -2
- Information 6
- Rumor 0
