Perpetual Ltd has recently acquired an additional 73,419 shares of
Pinnacle West Capital Corporation. Meanwhile, several other investment firms, including
Assenagon Asset Management and
Ilex Capital Partners, have decided to lower their holdings in the company. Ratings for the PNW stock remain mostly
Neutral, according to
UBS and
Mizuho, while targeted price adjustments have been noted.
Dividend declarations remain consistent at $0.91 per quarter. Amid these events, various investors have shown interest in Pinnacle West Capital.
Linden Advisors invested a substantial amount into the company, and more companies such as
Bank of Nova Scotia,
Norges Bank and
ATLAS Infrastructure Partners increased their stock holdings. The company has also announced its upcoming
Q3 earnings report, anticipated to bring insight into the firm's financial performance. However, warnings of soft earnings and a downgrade in rating to 'Hold' pose potential concerns to bullish investors. Looking forward, Pinnacle West Capital may benefit from a rising trend in data center growth in Arizona, highlighting Buy-The-Dip opportunities for dividends and growth. It's assured that the ongoing developments all contribute in shaping the investment story of Pinnacle West Capital.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 20 Dec 2025 12:53:58 GMT -
Rating 2
- Innovation -6
- Information 5
- Rumor -3
