Pinnacle West Capital (PNW) to Release Quarterly Earnings on Friday

Pinnacle West Capital (NYSE:PNW) is scheduled to issue its quarterly earnings data before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Shares of Pinnacle West Capital (PNW) opened at $77.20 on Wednesday. The firm has a market cap of $8,792.02, a PE ratio of 16.67, a P/E/G ratio of 5.62 and a beta of 0.27. Pinnacle West Capital has a 1-year low of $73.81 and a 1-year high of $92.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.90 and a quick ratio of 0.68.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 1st will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, January 31st. Pinnacle West Capital’s payout ratio is currently 60.04%.

In other Pinnacle West Capital news, EVP David P. Falck sold 4,500 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $89.07, for a total value of $400,815.00. Following the completion of the sale, the executive vice president now directly owns 40,838 shares of the company’s stock, valued at approximately $3,637,440.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Donald E. Brandt sold 24,216 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $79.21, for a total transaction of $1,918,149.36. Following the completion of the sale, the chairman now directly owns 94,358 shares of the company’s stock, valued at $7,474,097.18. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

PNW has been the subject of several research analyst reports. Zacks Investment Research raised shares of Pinnacle West Capital from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Thursday, October 26th. ValuEngine raised shares of Pinnacle West Capital from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Morgan Stanley raised shares of Pinnacle West Capital from an “underweight” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Tuesday, February 13th. SunTrust Banks reissued a “hold” rating and issued a $91.00 price target on shares of Pinnacle West Capital in a report on Friday, November 24th. Finally, Williams Capital reissued a “hold” rating and issued a $84.00 price target (down from $87.00) on shares of Pinnacle West Capital in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. Pinnacle West Capital presently has a consensus rating of “Hold” and a consensus target price of $85.30.

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About Pinnacle West Capital

Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution.

Earnings History for Pinnacle West Capital (NYSE:PNW)

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