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Tuesday, January 31, 2023

Insights Into Pinnacle West Capital Corporation (PNW) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Pinnacle West Capital Corporation (PNW) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $75.55. The Pinnacle West Capital Corporation has recorded 23,000 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Pinnacle West Declares Quarterly Dividend.


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Stocks Info

Pinnacle West Capital Corporation is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $75.55 and fluctuated between $76.48 as its day high and $75.24 as its day low. The current market capitalization of Pinnacle West Capital Corporation is $8.34B. A total of 0.66 million shares were traded on the day, compared to an average of 917.60K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PNW has seen 18 BUY and 19 SELL insider trades, representing the acquisition of 20,618 and the disposition of 10,185 shares. Over the last 12 months, there were 74 BUYs and 70 SELLs from insiders. Insiders purchased 53,451 shares during that period but sold 29,434.

In the most recent transaction, Lockwood Barbara D sold 689 shares of PNW for 77.88 per share on Dec 06. After the transaction, the SVP, Advisor to CEO now owns 0 company shares. In a previous transaction on May 17, Lockwood Barbara D sold 3,489 shares at 74.25 per share. PNW shares that SVP, Public Policy, APS owns now total 0.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Pinnacle West Capital Corporation pays an annual dividend of $3.46, resulting in a dividend yield of 4.58%, and it has a price to earnings (P/E) ratio of 17.19. PNW’s most recent ex-dividend date was 1/31/2023 when it declared a $0.8650 quarterly dividend that was paid in cash on 3/1/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 10/31/2022. The PNW stock dividend was $0.8650 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PNW in the last 3 months, the mean price target is $72.83 with high estimates of $91.00 and low estimates of $56.00. In terms of 52-week highs and lows, PNW has a high of $80.60 and a low of $59.03.

As of this writing, PNW has an earnings estimate of $2.6 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $2.77 per share and a lower estimate of $2.13. The company reported an EPS of $0.15 in the last quarter, which was 150.00% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNW is Underweight with a score of 2.00. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 3 thought it should be Sold.

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