Is Pinnacle West Capital Corp. (NYSE: PNW) The Best Stock To Invest In?

After Hours

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Stocks Info

Pinnacle West Capital Corp. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of Pinnacle West Capital Corp. is $10.01B. A total of 1.54 million shares were traded on the day, compared to an average of 993.54K 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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Pinnacle West Capital Corp. pays an annual dividend of $3.52, resulting in a dividend yield of 3.99%, and it has a price to earnings (P/E) ratio of 16.30. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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