Value Investing Philosophy And Pinnacle West Capital Corp (NYSE: PNW)?

After Hours

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.

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Stocks Info

PNW belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. The current market capitalization of Pinnacle West Capital Corp is $10.34B. A total of 2.23 million shares were traded on the day, compared to an average of 1.11M shares.

In the most recent transaction, Flanagan Susan T. bought 500 shares of PNW for 86.54 per share on Aug 05 ’24. After the transaction, the Director now owns 750 company shares. In a previous transaction on Aug 09 ’24, Smith Robert Edgar sold 4,950 shares at 85.80 per share. PNW shares that EVP, GC, and CDO owns now total 6,397.

Among the insiders who sold shares, Mountain Paul J disposed of 2,700 shares on Aug 08 ’24 at a per-share price of $85.28. This resulted in the VP, Finance and Treasurer holding 1,508 shares of PNW after the transaction. In another insider transaction, Robert E. Smith bought 4,950 shares at $85.32 per share on Aug 09 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Pinnacle West Capital Corp pays an annual dividend of $3.53, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 17.22. PNW’s most recent ex-dividend date was 11/4/2024 when it declared a $0.8950 quarterly dividend that was paid in cash on 12/2/2024. Previously, the company paid the dividend on 9/3/2024 with an ex-dividend date of 8/1/2024. The PNW stock dividend was $0.88 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PNW has a high of $93.12 and a low of $65.20.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $58.23, while its Total Shareholder’s Equity was $6.02B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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