Pinnacle West Capital Corporation [PNW] Stock trading around $80.48 per share: What’s Next?

Pinnacle West Capital Corporation [NYSE: PNW] stock went on an upward path that rose over 3.54% on Wednesday, amounting to a one-week price increase of more than 1.78%.The company report on December 17, 2020 that Pinnacle West Declares Quarterly Dividend.

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Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors declared a quarterly dividend of $0.83 per share of common stock, payable on March 1, 2021, to shareholders of record at the close of business on Feb.1, 2021.

Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $20 billion, about 6,300 megawatts of generating capacity, and 6,200 employees in Arizona and New Mexico.Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to nearly 1.3 million Arizona homes and businesses.For more information about Pinnacle West, visit the company’s website at pinnaclewest.com.

Over the last 12 months, PNW stock dropped by -9.25%.The one-year Pinnacle West Capital Corporation stock forecast points to a potential upside of 9.34.The average equity rating for PNW stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $8.97 billion, with 112.68 million shares outstanding and 112.33 million shares in the current float.Compared to the average trading volume of 888.65K shares, PNW stock reached a trading volume of 852966 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Pinnacle West Capital Corporation [PNW]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PNW shares is $88.77 per share.Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PNW stock is a recommendation set at 2.70.This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Pinnacle West Capital Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 12, 2020.The new note on the price target was released on October 08, 2020, representing the official price target for Pinnacle West Capital Corporation stock.Previously, the target price had yet another raise to $89, while Barclays analysts kept a Overweight rating on PNW stock.

The Average True Range (ATR) for Pinnacle West Capital Corporation is set at 1.79, with the Price to Sales ratio for PNW stock in the period of the last 12 months amounting to 2.55.The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 1.63.

PNW Stock Performance Analysis:

Pinnacle West Capital Corporation [PNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.78.With this latest performance, PNW shares dropped by -2.34% in over the last four-week period, additionally plugging by 4.90% over the last 6 months – not to mention a drop of -9.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions.An RSI rate of 50 would represent a neutral market momentum.The current RSI for PNW stock in for the last two-week period is set at 51.47, with the RSI for the last a single of trading hit 56.38, and the three-weeks RSI is set at 49.84 for Pinnacle West Capital Corporation [PNW].The present Moving Average for the last 50 days of trading for this stock 82.51, while it was recorded at 79.27 for the last single week of trading, and 78.13 for the last 200 days.

Insight into Pinnacle West Capital Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Pinnacle West Capital Corporation [PNW] shares currently have an operating margin of +21.85 and a Gross Margin at +28.32.Pinnacle West Capital Corporation’s Net Margin is presently recorded at +15.51.

Return on Total Capital for PNW is now 6.92, given the latest momentum, and Return on Invested Capital for the company is 5.34.Return on Equity for this stock inclined to 10.11, with Return on Assets sitting at 2.98.When it comes to the capital structure of this company, Pinnacle West Capital Corporation [PNW] has a Total Debt to Total Equity ratio set at 107.02.Additionally, PNW Total Debt to Total Capital is recorded at 51.70, with Total Debt to Total Assets ending up at 31.45.Long-Term Debt to Equity for the company is recorded at 89.94, with the Long-Term Debt to Total Capital now at 43.45.

Reflecting on the efficiency of the workforce at the company, Pinnacle West Capital Corporation [PNW] managed to generate an average of $5,549,691 per employee.Receivables Turnover for the company is 8.58 with a Total Asset Turnover recorded at a value of 0.19.Pinnacle West Capital Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

PNW Stock EPS

With the latest financial reports released by the company, Pinnacle West Capital Corporation posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.90%.The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PNW.When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pinnacle West Capital Corporation go to 3.72%.

Pinnacle West Capital Corporation [PNW] Insider Position Details

There are presently around $7,497 million, or 86.10% of PNW stock, in the hands of institutional investors.The top three institutional holders of PNW stocks are: VANGUARD GROUP INC with ownership of 12,977,935, which is approximately -4.983% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 10,556,659 shares of the stock with an approximate value of $849.6 million in PNW stocks shares; and STATE STREET CORP, currently with $510.89 million in PNW stock with ownership of nearly 0.992% of the company’s market capitalization.

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Positions in Pinnacle West Capital Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 239 institutional holders increased their position in Pinnacle West Capital Corporation [NYSE:PNW] by around 8,560,756 shares.Additionally, 230 investors decreased positions by around 9,614,804 shares, while 89 investors held positions by with 74,983,550 shares.The mentioned changes placed institutional holdings at 93,159,110 shares, according to the latest SEC report filing.PNW stock had 69 new institutional investments in for a total of 1,025,593 shares, while 56 institutional investors sold positions of 1,642,229 shares during the same period.

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