RBC Capital analyst Shelby Tucker maintained a Hold rating on Pinnacle West Capital (PNW) on April 28 and set a price target of $86.00. The company’s shares closed last Thursday at $76.86.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 5.5% and a 66.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Pinnacle West Capital has an analyst consensus of Hold, with a price target consensus of $88.00, a 13.1% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Hold rating on the stock with a $81.00 price target.
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The company has a one-year high of $105.52 and a one-year low of $60.05. Currently, Pinnacle West Capital has an average volume of 1.19M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNW in relation to earlier this year.
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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. The company was founded on February 20, 1985 and is headquartered in Phoenix, AZ.
