Pinnacle West Capital Corp (PNW) has reached a new 52-week high of $96.75, with its stock currently trading at $96.95. The company has shown strong performance with a 12.23% total return over the past year and a 9.32% year-to-date return, offering an attractive dividend yield of 3.79% and a P/E ratio of 19.42, appealing to income-focused investors. Despite this, KeyBanc has downgraded PNW to Sector Weight due to anticipated delays in realizing benefits from regulatory changes until 2028, balancing positive shareholder returns with long-term challenges.
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Pinnacle West Capital Corp stock hits 52-week high at 96.75 USD By Investing.com
Pinnacle West Capital Corp (PNW) has reached a new 52-week high of $96.75, with its stock currently trading at $96.95. The company has shown strong performance with a 12.23% total return over the past year and a 9.32% year-to-date return, offering an attractive dividend yield of 3.79% and a P/E ratio of 19.42, appealing to income-focused investors. Despite this, KeyBanc has downgraded PNW to Sector Weight due to anticipated delays in realizing benefits from regulatory changes until 2028, balancing positive shareholder returns with long-term challenges.