This Is Too Hot For Pinnacle West Capital Corp. (NYSE: PNW), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, PNW falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. The current market capitalization of Pinnacle West Capital Corp. is $9.89B. A total of 1.49 million shares were traded on the day, compared to an average of 955.98K shares.

In the most recent transaction, Smith Robert Edgar sold 4,950 shares of PNW for 85.80 per share on Aug 09 ’24. After the transaction, the EVP, GC, and CDO now owns 6,397 company shares. In a previous transaction on Aug 08 ’24, Mountain Paul J sold 2,700 shares at 85.28 per share. PNW shares that VP, Finance and Treasurer owns now total 1,508.

Among the insiders who bought shares, Robert E. Smith acquired of 4,950 shares on Aug 09 ’24 at a per-share price of $85.32. In another insider transaction, Mountain Family Trust/Paul J. bought 2,700 shares at $85.32 per share on Aug 08 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Pinnacle West Capital Corp. pays an annual dividend of $3.52, resulting in a dividend yield of 4.04%, and it has a price to earnings (P/E) ratio of 16.11. PNW’s most recent ex-dividend date was 8/1/2024 when it declared a $0.88 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/3/2024 with an ex-dividend date of 4/30/2024. The PNW stock dividend was $0.88 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PNW has a high of $91.57 and a low of $65.20.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PNW’s latest balance sheet shows that the firm has $9.97M in Cash & Short Term Investments as of fiscal 2021. There were $8.18B in debt and $1.76B in liabilities at the time. Its Book Value Per Share was $54.67, while its Total Shareholder’s Equity was $6.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNW is Buy with a score of 3.92.

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