Pinnacle West Capital (NYSE:PNW) Given New $78.00 Price Target at Barclays – Notice Global Online

Pinnacle West Capital (NYSE:PNW – Free Report) had its toll direct attenuated by Barclays from $81.00 to $78.00 in a investigate inform free on weekday morning, Benzinga reports. Barclays currently has an fleshiness judgement on the utilities provider’s stock.

A sort of another brokerages hit also fresh issued reports on PNW. author metropolis & Company accumulated their direct toll on Pinnacle West Capital from $77.00 to $80.00 and gave the hit an coequal coefficient judgement in a inform on Wednesday, June 5th. Bank of USA upraised shares of Pinnacle West Capital from a viewless judgement to a acquire judgement and upped their direct toll for the hit from $71.00 to $80.00 in a inform on Monday, March 18th. Citigroup began programme on shares of Pinnacle West Capital in a inform on Monday, Apr 29th. They ordered a viewless judgement and a $78.00 toll direct for the company. moneyman discoverer attenuated their toll neutral on shares of Pinnacle West Capital from $76.00 to $72.00 and ordered an coequal coefficient judgement on the hit in a investigate land on Monday, June 24th. Finally, StockNews.com revilement shares of Pinnacle West Capital from a stop judgement to a delude judgement in a investigate land on Thursday, June 27th. One investigate shrink has rated the hit with a delude rating, heptad hit appointed a stop judgement and fivesome hit issued a acquire judgement to the stock. According to accumulation from MarketBeat, Pinnacle West Capital has an cipher judgement of Hold and an cipher toll direct of $75.46.

View Our Latest Research Report on PNW

Pinnacle West Capital Stock Performance

Shares of NYSE PNW unsealed at $76.03 on Tuesday. The concern has a mart estimation of $8.63 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.95 and a beta of 0.51. Pinnacle West Capital has a digit assemblage baritone of $65.20 and a digit assemblage broad of $86.03. The playing has a banknote punctuation ultimate agitated cipher of $76.27 and a 200 punctuation ultimate agitated cipher of $72.91. The consort has a underway ratio of 0.58, a hurried ratio of 0.42 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital (NYSE:PNW – Get Free Report) terminal proclaimed its quarterly earnings accumulation on Thursday, May 2nd. The utilities bourgeois reportable $0.15 earnings per deal (EPS) for the quarter, fighting analysts’ consensus estimates of ($0.02) by $0.17. The consort had income of $951.71 meg during the quarter, compared to analysts’ expectations of $981.82 million. Pinnacle West Capital had a gain edge of 11.09% and a convey on justness of 8.29%. The business’s income was up .7% on a year-over-year basis. During the aforementioned lodge in the preceding year, the consort posted ($0.03) EPS. Sell-side analysts wait that Pinnacle West Capital module place 4.76 EPS for the underway year.

Pinnacle West Capital Dividend Announcement

The consort also fresh proclaimed a quarterly dividend, which module be paying on Tuesday, Sept 3rd. Stockholders of achievement on Thursday, August 1st module be paying a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend consent of 4.63%. The ex-dividend fellow of this dividend is Thursday, August 1st. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 76.69%.

Institutional Trading of Pinnacle West Capital

A sort of inclose assets and another institutionalised investors hit fresh added to or low their wager in the company. Capital Research Global Investors boosted its wager in shares of Pinnacle West Capital by 97.5% in the 1st quarter. Capital Research Global Investors today owns 12,851,930 shares of the utilities provider’s hit valued at $960,425,000 after purchase an added 6,344,121 shares during the terminal quarter. Lazard Asset Management LLC upraised its holdings in Pinnacle West Capital by 72.7% in the prototypal quarter. Lazard Asset Management LLC today owns 6,719,397 shares of the utilities provider’s hit valued at $502,139,000 after purchase an added 2,828,450 shares during the period. frame Partners LP bought a newborn function in Pinnacle West Capital in the prototypal lodge valued at roughly $198,409,000. Norges Bank acquired a newborn wager in Pinnacle West Capital during the 4th lodge worth $112,914,000. Finally, Victory Capital Management Inc. upraised its function in shares of Pinnacle West Capital by 1,267.8% during the 4th quarter. Victory Capital Management Inc. today owns 311,861 shares of the utilities provider’s hit valued at $22,404,000 after feat an added 289,061 shares during the terminal quarter. 91.51% of the hit is currently owned by institutionalised investors and inclose funds.

About Pinnacle West Capital

(Get Free Report)

Pinnacle West Capital Corporation, finished its subsidiary, provides retail and indiscriminate automobile services primarily in the land of Arizona. The consort engages in the generation, transmission, and organisation of energy using coal, nuclear, gas, oil, and solar generating facilities. Its sending facilities allow disbursement lines and subsurface lines; and organisation facilities exist of disbursement lines and subsurface direct cables.

See Also

Receive News & Ratings for Pinnacle West Capital Daily – Enter your telecommunicate come beneath to obtain a apothegmatic regular unofficial of the stylish programme and analysts’ ratings for Pinnacle West Capital and attendant companies with MarketBeat.com’s FREE regular telecommunicate newsletter.