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Who is the Top Investor In Pinnacle West Capital Corp. (PNW)?

Pinnacle West Capital Corp. (NYSE: PNW) is 7.93% higher on its value in year-to-date trading and has touched a low of $65.20 and a high of $86.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PNW stock was last observed hovering at around $77.00 in the last trading session, with the day’s gains setting it 0.54%.

Currently trading at $77.54, the stock is 3.18% and 5.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.70% at the moment leaves the stock 5.35% off its SMA200. PNW registered -3.26% loss for a year compared to 6-month gain of 12.47%.

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The stock witnessed a 8.89% loss in the last 1 month and extending the period to 3 months gives it a 15.99%, and is 1.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.18% over the week and 1.60% over the month.

Pinnacle West Capital Corp. (PNW) has around 81 employees, a market worth around $8.81B and $4.70B in sales. Current P/E ratio is 16.92 and Fwd P/E is 15.83. Profit margin for the company is 11.09%. Distance from 52-week low is 18.93% and -9.87% from its 52-week high. The company has generated returns on investments over the last 12 months (3.49%).

The EPS is expected to grow by 7.39% this year

The shares outstanding are 113.42M, and float is at 113.34M with Short Float at 3.17%.

Pinnacle West Capital Corp. (PNW) Insider Activity

The most recent transaction is an insider sale by Smith Robert Edgar, the company’s EVP, GC, and CDO. SEC filings show that Smith Robert Edgar sold 1,610 shares of the company’s common stock on Dec 08 ’23 at a price of $75.95 per share for a total of $0.12 million. Following the sale, the insider now owns 9178.0 shares.

Pinnacle West Capital Corp. disclosed in a document filed with the SEC on Aug 24 ’23 that Geisler Theodore N (President, APS) sold a total of 1,484 shares of the company’s common stock. The trade occurred on Aug 24 ’23 and was made at $79.93 per share for $0.12 million. Following the transaction, the insider now directly holds 6750.0 shares of the PNW stock.

Still, SEC filings show that on Aug 24 ’23, Geisler Theodore N (President, APS) disposed off 7 shares at an average price of $79.73 for $558.0. The insider now directly holds 0 shares of Pinnacle West Capital Corp. (PNW).

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