Shares of Pinnacle West Capital Corp. (NYSE:PNW) fell 0.2% on Friday . The company traded as low as $79.97 and last traded at $80.80, with a volume of 391,724 shares traded. The stock had previously closed at $80.95.

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued a “sector perfor” rating and issued a $69.00 price objective (down previously from $73.00) on shares of Pinnacle West Capital Corp. in a research note on Monday, June 20th. Zacks Investment Research downgraded shares of Pinnacle West Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. SunTrust Banks Inc. dropped their price objective on shares of Pinnacle West Capital Corp. from $75.00 to $74.00 in a research note on Tuesday, April 12th. Finally, Barclays PLC increased their price objective on shares of Pinnacle West Capital Corp. from $70.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, March 18th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.11.

The firm has a 50 day moving average of $76.52 and a 200-day moving average of $71.42. The stock has a market capitalization of $9.02 billion and a P/E ratio of 21.27.

Pinnacle West Capital Corp. (NYSE:PNW) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by $0.08. The company had revenue of $677.20 million for the quarter, compared to the consensus estimate of $696.50 million. During the same period in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Pinnacle West Capital Corp. will post $3.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 1st will be paid a dividend of $0.625 per share. The ex-dividend date is Thursday, July 28th. This represents a $2.50 annualized dividend and a yield of 3.08%.

In related news, Director Denis A. Cortese sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $72.87, for a total transaction of $145,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Randall K. Edington sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $73.69, for a total transaction of $478,985.00. Following the transaction, the executive vice president now directly owns 9,747 shares of the company’s stock, valued at approximately $718,256.43. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its position in shares of Pinnacle West Capital Corp. by 95.2% in the fourth quarter. Morgan Stanley now owns 745,843 shares of the company’s stock valued at $48,092,000 after buying an additional 363,693 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pinnacle West Capital Corp. by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,550,910 shares of the company’s stock valued at $615,842,000 after buying an additional 242,593 shares in the last quarter. Sei Investments Co. boosted its position in shares of Pinnacle West Capital Corp. by 865.5% in the fourth quarter. Sei Investments Co. now owns 83,263 shares of the company’s stock valued at $5,369,000 after buying an additional 74,639 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Pinnacle West Capital Corp. during the fourth quarter valued at approximately $2,646,000. Finally, Stevens Capital Management LP purchased a new position in shares of Pinnacle West Capital Corp. during the fourth quarter valued at approximately $2,001,000.

Pinnacle West Capital Corporation is a holding company that operates primarily through its subsidiaries. The Company operates through electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution.

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