After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Pinnacle West Announces Pricing of a Public Offering of 9,774,436 Shares of Common Stock.
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Stocks Info
The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. The current market capitalization of Pinnacle West Capital Corp. is $8.10B. A total of 1.46 million shares were traded on the day, compared to an average of 1.43M shares.
In the most recent transaction, Smith Robert Edgar sold 1,610 shares of PNW for 75.95 per share on Dec 08 ’23. After the transaction, the EVP, GC, and CDO now owns 9,178 company shares. In a previous transaction on Aug 24 ’23, Geisler Theodore N sold 1,484 shares at 79.93 per share. PNW shares that President, APS owns now total 6,750.
Among the insiders who sold shares, Geisler Theodore N disposed of 7 shares on Aug 24 ’23 at a per-share price of $79.73. This resulted in the President, APS holding 0 shares of PNW after the transaction.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Pinnacle West Capital Corp. pays an annual dividend of $3.49, resulting in a dividend yield of 4.89%, and it has a price to earnings (P/E) ratio of 16.20. PNW’s most recent ex-dividend date was 1/31/2024 when it declared a $0.88 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 10/31/2023. The PNW stock dividend was $0.88 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PNW has a high of $86.03 and a low of $65.20.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PNW’s latest balance sheet shows that the firm has $9.97M in Cash & Short Term Investments as of fiscal 2021. There were $8.18B in debt and $1.76B in liabilities at the time. Its Book Value Per Share was $54.47, while its Total Shareholder’s Equity was $6.02B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.50.
