Hennion & Walsh Asset Management Inc. and
Gateway Investment Advisers LLC have increased their stakes in
Pinnacle West Capital Corp (PNW). Despite this,
Vanguard Group Inc. and
The Manufacturers Life Insurance Company reduced their holdings in the company.
American International Group Inc. and
Goldman Sachs Group Inc. also sold a significant number of shares. Nevertheless, PNW continues to outperform competitors as the
stock price consistently outperforms competitors despite varying trading days' performances. However,
stocknews.com has downgraded the company’s shares to sell. Several analysts, including those from
Morgan Stanley, have reduced their price target on PNW. Investors seem divided on the intrinsic value of the company, with speculation that it may be undervalued by as much as 22-23%. Despite certain negative feedback, the company’s
Return on Equity (ROE) of 8.5% indicates above-average performance. Q1 2024 earnings exceeded revenue expectations and revealed significant financial results.
Pinnacle West Capital Corporation announced expansion to the board with the appointment of three members and investor meetings for June 2024.
Pinnacle West Capital Corporation PNW News Analytics from Fri, 11 Aug 2023 07:00:00 GMT to Sun, 30 Jun 2024 11:50:22 GMT -
Rating 2
- Innovation -3
- Information 7
- Rumor -1
