Pinnacle West Capital Corporation (PNW) has made numerous significant announcements. The company has declared a quarterly dividend, maintaining its previous rate at $0.895 per share. Leadership transitions have seen Ted Geisler succeed Jeff Guldner in a strategic shift. In the stock market, PNW's performance has seen both underperformance and outperformance compared to its competitors. Multiple firms, including Kovitz Investment Group Partners LLC, Atom Investors LP, and Y Intercept Hong Kong Ltd, have increased their stake in Pinnacle West. On the other hand, certain financial entities have reduced their holdings, namely Cerity Partners LLC and Two Sigma Advisers LP.
Besides, Q3 2024 earnings call highlight reveals that the corporation is navigating existing challenges. Long-term momentum for Pinnacle West remains positive, with the stock trading at an apparent discount. The company's earnings have, however, underwhelmed some investors. The strategic SWOT insights of PNW and its planned 2025 executive incentive plan denote the management's foresight. Moreover, the institutional consensus on PNW's value sees a 'Hold' recommendation, with an $80.96 target price.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 22 Feb 2023 08:00:00 GMT to Fri, 13 Dec 2024 22:18:00 GMT -
Rating 5
- Innovation 0
- Information 6
- Rumor -3
