Pinnacle West Capital Corp (NYSE: PNW) is 25.42% 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 $86.71 in the last trading session, with the day’s gains setting it 3.39%.
Currently trading at $90.10, the stock is 2.99% and 2.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.2 million and changing 3.91% at the moment leaves the stock 14.02% off its SMA200. PNW registered 23.70% gain for a year compared to 6-month gain of 17.58%. The firm has a 50-day simple moving average (SMA 50) of $88.2234 and a 200-day simple moving average (SMA200) of $78.9191.
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The stock witnessed a 3.93% loss in the last 1 month and extending the period to 3 months gives it a 5.50%, and is 2.94% 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 2.72% over the week and 1.63% over the month.
Pinnacle West Capital Corp (PNW) has around 81 employees, a market worth around $10.24B and $4.89B in sales. Current P/E ratio is 16.67 and Fwd P/E is 19.02. Profit margin for the company is 12.66%. Distance from 52-week low is 38.19% and -1.60% 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 11.73% this year
751.0 institutions hold shares in Pinnacle West Capital Corp (PNW), with institutional investors hold 102.45% of the company’s shares. The shares outstanding are 113.42M, and float is at 113.38M with Short Float at 2.68%. Institutions hold 102.28% 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 purchase by Flanagan Susan T., the company’s Director. SEC filings show that Flanagan Susan T. bought 500 shares of the company’s common stock on Aug 05 ’24 at a price of $86.54 per share for a total of $43270.0. Following the purchase, the insider now owns 750.0 shares.
Pinnacle West Capital Corp disclosed in a document filed with the SEC on Aug 09 ’24 that Smith Robert Edgar (EVP, GC, and CDO) sold a total of 4,950 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $85.80 per share for $0.42 million. Following the transaction, the insider now directly holds 6397.0 shares of the PNW stock.
Still, SEC filings show that on Aug 08 ’24, Mountain Paul J (VP, Finance and Treasurer) disposed off 2,700 shares at an average price of $85.28 for $0.23 million. The insider now directly holds 1,508 shares of Pinnacle West Capital Corp (PNW).
