How Analysts Feel About Pinnacle West Capital Corporation (PNW) After Making All Time High?

August 24, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.07, from 1.04 in 2016Q3. It fall, as 35 investors sold Pinnacle West Capital Corporation shares while 148 reduced holdings. 44 funds opened positions while 133 raised stakes. 88.80 million shares or 0.89% more from 88.02 million shares in 2016Q3 were reported.
Natixis holds 282,906 shares. Northern Corp invested in 0.03% or 1.22 million shares. Ajo Ltd Partnership holds 0.13% in Pinnacle West Capital Corporation (NYSE:PNW) or 420,276 shares. Pictet Asset Management Limited, a United Kingdom-based fund reported 534,245 shares. Lsv Asset Management holds 208,600 shares or 0.03% of its portfolio. 5 were accumulated by Sun Life Fincl. Alliancebernstein L P stated it has 0.02% in Pinnacle West Capital Corporation (NYSE:PNW). Cibc Asset Management Inc has invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Boston Advisors Ltd Liability Co has invested 0.01% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Barclays Public Ltd Liability Company has 0.01% invested in Pinnacle West Capital Corporation (NYSE:PNW). American Century Cos Inc accumulated 0.01% or 118,960 shares. American Gp invested 0.01% in Pinnacle West Capital Corporation (NYSE:PNW). Parkwood Limited Liability owns 0.04% invested in Pinnacle West Capital Corporation (NYSE:PNW) for 3,598 shares. Amp Cap Investors Limited invested in 103,739 shares or 0.05% of the stock. Massachusetts Services Communication Ma has invested 0.04% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW).

Since March 3, 2017, it had 0 insider buys, and 13 selling transactions for $14.10 million activity. Nickloy Lee R. also sold $249,030 worth of Pinnacle West Capital Corporation (NYSE:PNW) shares. HATFIELD JOHN S. sold $191,687 worth of stock. $843,499 worth of Pinnacle West Capital Corporation (NYSE:PNW) shares were sold by HATFIELD JAMES R. Shares for $4.02M were sold by BRANDT DONALD E on Friday, March 3. Danner Denise R had sold 5,500 shares worth $458,095 on Monday, March 6. FROETSCHER DANIEL T sold $244,468 worth of stock or 2,800 shares.

The stock of Pinnacle West Capital Corporation (NYSE:PNW) reached all time high today, Aug, 24 and still has $94.61 target or 5.00 % above today’s $90.10 share price. This indicates more upside for the $10.06B company. This technical setup was reported by Barchart.com. If the $94.61 PT is reached, the company will be worth $503.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 120,295 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since August 24, 2016 and is uptrending. It has outperformed by 1.73% the S&P500.

Pinnacle West Capital Corporation (NYSE:PNW) Ratings Coverage

Among 11 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 1 Sell and 10 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 30 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, March 18 report. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Neutral” rating given on Monday, March 7 by SunTrust. Zacks upgraded the shares of PNW in report on Monday, August 17 to “Sell” rating. The rating was upgraded by Williams Capital Group on Monday, October 10 to “Buy”. The company was upgraded on Tuesday, January 17 by Goldman Sachs. The firm has “Hold” rating by Williams Capital Group given on Tuesday, March 7. On Monday, June 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained it with “Hold” rating and $8900 target in Sunday, July 23 report. BMO Capital Markets maintained it with “Hold” rating and $8900 target in Thursday, August 3 report. UBS downgraded Pinnacle West Capital Corporation (NYSE:PNW) on Monday, October 26 to “Neutral” rating.

More notable recent Pinnacle West Capital Corporation (NYSE:PNW) news were published by: Zacks.com which released: “Pinnacle West (PNW) in Q2 Earnings: A Beat in the Cards?” on August 01, 2017, also Streetinsider.com with their article: “Form 8-K PINNACLE WEST CAPITAL For: Aug 20 Filed by: ARIZONA PUBLIC SERVICE CO” published on August 21, 2017, Nasdaq.com published: “Pinnacle West’s Unit Gets Rate Review Approval in Arizona” on August 16, 2017. More interesting news about Pinnacle West Capital Corporation (NYSE:PNW) were released by: Seekingalpha.com and their article: “Pinnacle West Capital’s (PNW) CEO Don Brandt on Q2 2017 Results – Earnings …” published on August 06, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: NRG Energy, Pinnacle West Capital and Suburban Propane …” with publication date: July 26, 2017.

Pinnacle West Capital Corporation is a holding firm that operates through its subsidiaries. The company has market cap of $10.06 billion. The Firm operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. It has a 19.94 P/E ratio. It owned and leased 6,236 megawatt of regulated generation capacity and the Company held a mix of both long-term and short-term purchased power agreements for additional capacity, including agreements for the purchase of renewable energy, as of December 31, 2016.

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