Pinnacle West Capital Corp. (NYSE:PNW) shares fell 2.5% on Friday . The stock traded as low as $74.75 and last traded at $74.83, with a volume of 402,105 shares traded. The stock had previously closed at $76.73.

Several research firms have recently weighed in on PNW. BMO Capital Markets reaffirmed a “hold” rating on shares of Pinnacle West Capital Corp. in a report on Monday, July 18th. Zacks Investment Research cut shares of Pinnacle West Capital Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Royal Bank Of Canada reaffirmed a “sector perfor” rating and issued a $69.00 price target (down previously from $73.00) on shares of Pinnacle West Capital Corp. in a report on Monday, June 20th. Finally, Mizuho upped their price target on shares of Pinnacle West Capital Corp. from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $70.56.

The stock’s 50 day moving average is $78.34 and its 200-day moving average is $74.70. The firm has a market capitalization of $8.32 billion and a price-to-earnings ratio of 19.76.

Pinnacle West Capital Corp. (NYSE:PNW) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.06. During the same quarter in the previous year, the company earned $1.10 EPS. The firm had revenue of $915.40 million for the quarter, compared to analyst estimates of $915.40 million. Pinnacle West Capital Corp.’s revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Pinnacle West Capital Corp. will post $3.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 1st will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, July 28th.

In other news, SVP Robert S. Bement sold 4,300 shares of Pinnacle West Capital Corp. stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $75.75, for a total transaction of $325,725.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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.