Pinnacle West Capital Corporation displayed a steady performance as evident from various sector news. The company
beat earnings expectations, causing some speculation about its future moves. It experienced
strong stock performance, outpacing competitors on notable trading days. However, it slightly underperformed the market. Its
Q2 2024 earnings came with positive results, with Earnings Per Share (EPS) reported at $1.76. The corporation also set a new 52-week high at $86.90.
Price Target was updated to $87.00 by Wells Fargo. Multiple institutional investors made significant moves, including Boston Partners and Price T Rowe Associates, who altered their stake in the company. However, the company witnessed selling from Avantax Advisory Services and Epoch Investment Partners. They announced
quarterly earnings results, surpassing estimates. California State Teachers Retirement System and the Public Employees Retirement Association of Colorado reduced their positions. Pinnacle West also boasted of strong institutional backing with c.89% ownership. The shares reached a new one-year high at $85.00 prompting suggestions to buy the stock. The
Board of Directors was expanded with three new members. The
ROE was marked at 8.5%, considered better than average; however, concerns were raised about returns on capital.
Pinnacle West Capital Corporation PNW News Analytics from Mon, 02 Aug 2021 07:00:00 GMT to Sun, 04 Aug 2024 20:29:31 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 2
