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

A number of research firms recently commented on PNW. Royal Bank Of Canada reaffirmed a “sector perfor” rating and set a $69.00 price target (down from $73.00) on shares of Pinnacle West Capital Corp. in a research report on Monday, June 20th. Zacks Investment Research lowered shares of Pinnacle West Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. SunTrust Banks Inc. decreased their target price on shares of Pinnacle West Capital Corp. from $75.00 to $74.00 in a report on Tuesday, April 12th. Finally, Barclays PLC reissued a “hold” rating on shares of Pinnacle West Capital Corp. in a report on Saturday, March 19th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $69.11.

The company has a market cap of $9.02 billion and a P/E ratio of 21.27. The firm’s 50 day moving average price is $76.81 and its 200-day moving average price is $71.55.

Pinnacle West Capital Corp. (NYSE:PNW) last issued its quarterly earnings results on Friday, April 29th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ 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. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. Analysts anticipate that Pinnacle West Capital Corp. will post $3.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 1st will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, July 28th.

In other Pinnacle West Capital Corp. news, EVP Randall K. Edington sold 6,500 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $73.69, for a total transaction of $478,985.00. Following the sale, the executive vice president now directly owns 9,747 shares of the company’s stock, valued at $718,256.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Denis A. Cortese sold 2,000 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $72.87, for a total transaction of $145,740.00. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in Pinnacle West Capital Corp. by 155.0% in the fourth quarter. LS Investment Advisors LLC now owns 21,548 shares of the company’s stock valued at $1,389,000 after buying an additional 13,098 shares during the period. Private Advisor Group LLC increased its stake in Pinnacle West Capital Corp. by 6.8% in the fourth quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,275,000 after buying an additional 2,260 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Pinnacle West Capital Corp. by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 164,600 shares of the company’s stock valued at $10,737,000 after buying an additional 1,128 shares during the period. Quantitative Investment Management LLC increased its stake in Pinnacle West Capital Corp. by 154.7% in the fourth quarter. Quantitative Investment Management LLC now owns 19,100 shares of the company’s stock valued at $1,231,000 after buying an additional 11,600 shares during the period. Finally, Bruderman Asset Management LLC increased its stake in Pinnacle West Capital Corp. by 2.5% in the fourth quarter. Bruderman Asset Management LLC now owns 163,795 shares of the company’s stock valued at $10,561,000 after buying an additional 4,006 shares during the period.

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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