Pinnacle West Capital Stock News

State of Alaska Department of Revenue cut its holdings in Pinnacle West Capital Co. (NYSE:PNW) by 1.1% in the third quarter, Holdings Channel reports. The fund owned 17,321 shares of the utilities provider’s stock after selling 189 shares during the quarter. State of Alaska Department of Revenue’s holdings in Pinnacle West Capital were worth $1,253,000 […]

Pinnacle West Capital Corporations PNW planned investments in strengthening its infrastructure and an increasing focus on renewable sources for power generation will help it take advantage of the expected demand surge for clean energy. Also, PNWs efforts to reduce costs will drive its earnings. The Zacks Consensus Estimate for 2021 earnings is pegged at $5.08 [] The post Pinnacle Wests (PNW) CAPEX & Clean Energy Aims Augur Well appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Pinnacle West's (PNW) focus on generating clean electricity and strategic investments are likely to enhance its existing operations.

Wedbush Securities Inc. boosted its position in Pinnacle West Capital Co. (NYSE:PNW) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,968 shares of the utilities providers stock after buying an additional 265 shares during the quarter. Wedbush Securities Inc.s holdings in []

Pinnacle West Capital (NYSE:PNW) had its price target lowered by equities research analysts at Morgan Stanley from $70.00 to $66.00 in a research note issued to investors on Monday, Price Targets.com reports. The brokerage presently has an equal weight rating on the utilities providers stock. Morgan Stanleys price objective would indicate a potential downside of []

Morgan Stanley Stick to Their Hold Rating for Pinnacle West Capital Corp

Pinnacle West Capital (NYSE:PNW) updated its FY 2021 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $5.250-$5.350 for the period, compared to the Thomson Reuters consensus estimate of $4.980. The company issued revenue guidance of -.Pinnacle West Capital also updated its FY 2022 guidance to $3.800-$4.000 EPS. Several equities analysts []

Pinnacle West Capital Co. (NYSE:PNW) saw a significant decrease in short interest in the month of October. As of October 29th, there was short interest totalling 1,940,000 shares, a decrease of 32.6% from the October 14th total of 2,880,000 shares. Approximately 1.7% of the companys stock are sold short. Based on an average trading volume []

Old Port Advisors increased its holdings in Pinnacle West Capital Co. (NYSE:PNW) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,514 shares of the utilities providers stock after buying an additional 2,738 shares during the period. Old Port Advisors holdings in Pinnacle West Capital were worth $928,000 as of its most recent []

Pinnacle West Capital Co. (NYSE:PNW) was the target of a large decline in short interest in the month of October. As of October 29th, there was short interest totalling 1,940,000 shares, a decline of 32.6% from the October 14th total of 2,880,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio []

Pinnacle West Capital Corporati with ticker code (PNW) now have 13 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 84 and 56 calculating the average target price we see 69.15. Now with the previous closing price of 65.26 this indicates there is a potential upside of 6.0%. The 50 day MA is 67.67 and the 200 moving average now moves to 78.41. The company has a market cap of $7,457m. Company Website: /> [stock_market_widget type="chart" symbol="PNW" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, 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 approximately 5,728 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,225 miles of overhead lines and approximately 22,453 miles of underground primary cable, as well as owns and maintains 80 transmission substations and 443 distribution substations.

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Upcoming Ex-Dividend Dates: November 10-22, 2021