Pinnacle West Capital Corp. (NYSE: PNW) is 25.04% higher on its value in year-to-date trading and has touched a low of $65.20 and a high of $91.57 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 $90.51 in the last trading session, with the day’s loss setting it -0.68%.
Currently trading at $89.83, the stock is 0.49% and 2.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -0.75% at the moment leaves the stock 16.68% off its SMA200. PNW registered 26.04% gain for a year compared to 6-month gain of 22.92%. The firm has a 50-day simple moving average (SMA 50) of $87.5568 and a 200-day simple moving average (SMA200) of $77.0619.
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The stock witnessed a 1.73% loss in the last 1 month and extending the period to 3 months gives it a 18.95%, and is 0.99% 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 1.64% over the week and 1.52% over the month.
Pinnacle West Capital Corp. (PNW) has around 81 employees, a market worth around $10.21B and $4.89B in sales. Current P/E ratio is 16.62 and Fwd P/E is 18.61. Profit margin for the company is 12.66%. Distance from 52-week low is 37.78% and -1.89% from its 52-week high. The company has generated returns on investments over the last 12 months (3.92%).
The EPS is expected to grow by 8.49% this year
749.0 institutions hold shares in Pinnacle West Capital Corp. (PNW), with institutional investors hold 102.12% of the company’s shares. The shares outstanding are 113.42M, and float is at 113.40M with Short Float at 4.22%. Institutions hold 101.95% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 14.8 million shares valued at $1.13 billion. The investor’s holdings represent 13.0269 of the PNW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.09 million shares valued at $1.08 billion to account for 12.4022 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.59 million shares representing 9.3187 and valued at over $808.71 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 6.1482 of the shares totaling 6.99 million with a market value of $533.56 million.
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 4,950 shares of the company’s common stock on Aug 09 ’24 at a price of $85.80 per share for a total of $0.42 million. Following the sale, the insider now owns 6397.0 shares.
Pinnacle West Capital Corp. disclosed in a document filed with the SEC on Aug 08 ’24 that Mountain Paul J (VP, Finance and Treasurer) sold a total of 2,700 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $85.28 per share for $0.23 million. Following the transaction, the insider now directly holds 1508.0 shares of the PNW stock.
Still, SEC filings show that on Aug 09 ’24, Robert E. Smith (Officer) Proposed Sale 4,950 shares at an average price of $85.32 for $0.42 million. The insider now directly holds shares of Pinnacle West Capital Corp. (PNW).
