Wells Fargo Maintains Their Hold Rating on Pinnacle West Capital (PNW)


Wells Fargo analyst Sarah Akers maintained a Hold rating on Pinnacle West Capital (PNW) on December 6. The company’s shares closed last Monday at $86.20.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 9.9% and a 80.0% success rate. Akers covers the Utilities sector, focusing on stocks such as Chesapeake Utilities, Centerpoint Energy, and Dominion Resources.

Pinnacle West Capital has an analyst consensus of Hold, with a price target consensus of $91.86.

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Pinnacle West Capital’s market cap is currently $9.69B and has a P/E ratio of 19.42. The company has a Price to Book ratio of 1.74.

Based on the recent corporate insider activity of 69 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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