Pinnacle West Capital has experienced a mixed series of events recently. While JP Morgan Chase & Co. cut its position, Principal Financial Group increased its stake significantly. Ensure the market response to leadership transition was positive, as stock outperformed competitors despite daily losses. Notably, the company posted
strong trading days, with their stock reaching a
52-week high at $93.12. Despite underperforming in the utilities sector, Pinnacle West's investors should be pleased with a respectable
39% return over three years.
Financial analysts are offering diverse opinions about PNW's earnings. Some think it's undervalued and presents a solid long-term value, while others suggest the stock is fully valued despite expected growth on the horizon. The company's dividend increased, and their third-quarter earnings have surpassed estimates, which indicates a
strong financial performance. Additionally, Pinnacle West is undertaking strategic changes with a CEO transition and the appointment of three new board members. Potential risks include their
use of debt and indicators that insiders have sold shares recently. The company is also planning to offer $650 million of common stock.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 03 Aug 2017 07:00:00 GMT to Sat, 04 Jan 2025 09:22:05 GMT -
Rating 5
- Innovation -3
- Information 5
- Rumor -2
