Wells Fargo analyst Sarah Akers maintained a Buy rating on Pinnacle West Capital Corp (NYSE: PNW) yesterday. The company’s shares closed on Friday at $79.18.
According to TipRanks.com, Akers is a 3-star analyst with an average return of 9.2% and a 71.4% success rate. Akers covers the Utilities sector, focusing on stocks such as Chesapeake Utilities Corp, Dominion Resources, and Sempra Energy.
Currently, the analyst consensus on Pinnacle West Capital Corp is a Moderate Buy with an average price target of $85.50.
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Based on Pinnacle West Capital Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $167 million. In comparison, last year the company had a net profit of $276 million.
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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.
