Shares of Pinnacle West Capital Co. (NYSE:PNW – Get Free Report) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $73.42.
A number of analysts have issued reports on PNW shares. Mizuho cut their price objective on shares of Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Morgan Stanley boosted their price objective on shares of Pinnacle West Capital from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. LADENBURG THALM/SH SH started coverage on shares of Pinnacle West Capital in a report on Wednesday, February 14th. They issued a “neutral” rating and a $69.00 price objective for the company. Evercore ISI cut their price target on shares of Pinnacle West Capital from $76.00 to $69.00 and set an “in-line” rating for the company in a report on Monday, March 4th. Finally, Guggenheim raised shares of Pinnacle West Capital from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a report on Monday, January 22nd.
Check Out Our Latest Stock Report on Pinnacle West Capital
Hedge Funds Weigh In On Pinnacle West Capital
Pinnacle West Capital Stock Performance
NYSE PNW opened at $73.65 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $8.36 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.08 and a beta of 0.49. Pinnacle West Capital has a 12-month low of $65.20 and a 12-month high of $86.03. The firm has a 50-day moving average price of $72.11 and a two-hundred day moving average price of $72.09.
Pinnacle West Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 1st will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Tuesday, April 30th. Pinnacle West Capital’s dividend payout ratio is 79.82%.
Pinnacle West Capital Company Profile
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.
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