Captrust Financial Advisors has extended their stakes in
Pinnacle West Capital Co. (PNW) to a whopping $64.85 million. The company has garnered attention as a notable momentum stock with analysts considering it favourable for long-term investment. Despite underperformations on some days when juxtaposed with competitors, it has shown remarkable resilience and presented daily gains. There have been movements by significant parties, with
Citigroup Inc. selling its shares, and
Bank of Montreal acquiring over 44k shares.
Principal Financial Group Inc. too purchased nearly 10k shares of PNW. An intriguing strategic SWOT insight has been decoded regarding the company further adding to its market interest. PNW's earnings and sales have consistently beaten estimates, despite marginally lower Q3 2024 results compared to the previous year. The company's recent declaration to increase dividend to $0.895 and Wall Street's bullish stance further solidifies its position. Investors must, however, take note that PNW's EVP and COO sold shares worth $860k. Also, Barlclays downgraded it to equal weight rating. Yet, PNW shined through with strong trading days, despite facing market underperformance.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sat, 30 Nov 2024 13:46:26 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -6
