SunTrust Robinson Keeps a Hold Rating on Pinnacle West Capital Corp

By Jason Carr

SunTrust Robinson analyst Ali Agha reiterated a Hold rating on Pinnacle West Capital Corp (NYSE: PNW) yesterday and set a price target of $88. The company’s shares closed yesterday at $84.29.

According to, Agha is a 4-star analyst with an average return of 7.6% and a 53.8% success rate. Agha covers the Utilities sector, focusing on stocks such as American Electric Power, Great Plains Energy Inc, and Integrys Energy Group.

Pinnacle West Capital Corp has an analyst consensus of Hold, with a price target consensus of $89.

Based on Pinnacle West Capital Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.18 billion and quarterly net profit of $276 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $263 million.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock.

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Pinnacle West Capital Corp. operates as 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.