Pinnacle West Capital Corporation (PNW) has experienced notable activity in recent trading sessions. Significant asset changes occurred as Cambiar Investors LLC reduced their position while SteelPeak Wealth LLC and International Assets Investment Management LLC considerably increased theirs. Meanwhile, Mizuho raised the target for PNW stocks by 30%, indicating strong confidence in regulatory support. The corporation's composite rating also rose to 96, suggesting growth prospects. It is speculated that upcoming
Q3 earnings will outperform estimates. Moreover, the
dividend pay-out will increase to $0.895, larger than the previous year. Despite fluctuations, PNW stocks often outperformed competitors, even during days of losses. Director
Susan Flanagan recently purchased $43,270 in stock, indicating internal confidence in PNW's future. Further, the company declared a quarterly dividend, set to be paid on December 2, 2024, again demonstrating its financial strength. Despite its use of debt, PNW is regarded as a Top-Ranked Value Stock. This optimism is supported by recent financial results, including a Q2 Earnings Per Share (EPS) of $1.76. Coupled with a commitment to clean energy and significant investments, PNW appears to offer a stable investment opportunity.
Pinnacle West Capital Corporation PNW News Analytics from Mon, 01 Jun 2020 07:00:00 GMT to Sat, 02 Nov 2024 12:26:01 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -2
