Pinnacle West Capital Corporation has been the focal point of multiple investment firms. Strong sales growth was reported in November and despite a slight decline in Q3 earnings, the company still managed to beat analyst estimates. Investors are further reassured by the company's engaging interaction with analysts, and its surpassing of Q3 earnings expectations. The firm's robust performance has led to a rise in its quarterly dividend to $0.91. Looking forward, Pinnacle West has revised its earnings guidance for FY 2025 and issued new guidance for FY 2026. Several firms, including Harvest Portfolios Group Inc., Levin Capital Strategies L.P, and Howard Capital Management Inc., have increased their shares in Pinnacle West, showing faith in the corporation's potential. On the other hand, some investors reduced their positions, including Bessemer Group Inc., Cambiar Investors LLC, and Teacher Retirement System of Texas. Negative trends were reflected in the margin decrease, leading to concerns about dividend and financial stability. Banks including Bank of Montreal and Keystone Financial Planning Inc. have reduced their stock holdings. Yet, the firm's strategic growth and investment plans for the future seem promising.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 08 Nov 2025 22:36:28 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor -3
