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Pinnacle West Capital Corp (PNW) Receives a Buy from Wells Fargo


Wells Fargo analyst Sarah Akers maintained a Buy rating on Pinnacle West Capital Corp (PNW) yesterday. The company’s shares closed yesterday at $87.56.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 9.8% and a 82.6% success rate. Akers covers the Utilities sector, focusing on stocks such as Chesapeake Utilities Corp, South Jersey Industries, and Centerpoint Energy.

Pinnacle West Capital Corp has an analyst consensus of Moderate Buy, with a price target consensus of $86.75.

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The company has a one-year high of $92.48 and a one-year low of $73.41. Currently, Pinnacle West Capital Corp has an average volume of 948.8K.

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Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co.