LSV Asset Management has reduced its shares of
Pinnacle West Capital Corporation, as has Bessemer Group Inc. and Empower Advisory Group LLC. This is balanced by multiple new investments, including from Dynamic Technology Lab Private Ltd, SG Americas Securities LLC, Arvest Bank Trust Division, and Levin Capital Strategies L.P. Despite some decreases in stock positions, an overall increase in holdings has been noted from institutions such Massachusetts Financial Services Co., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, and State of New Jersey Common Pension Fund D.
Financial performance continues to be strong, as reflected in Q3 earnings, although concerns have been raised about
margin decreases. The
dividend has seen an increase to $0.91, which has been positively perceived by the market. Furthermore, several analysts such as Mizuho and BMO Capital have adjusted their price targets for the corporation, with Morgan Stanley maintaining a hold rating. Some caution is apparent with notes regarding the rate decision in Arizona and potential pressures from its debt load. However, the company manages to demonstrate expected growth, leading to a positive outlook.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 22 Nov 2025 10:59:14 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -2
