Pinnacle West Capital Corp (PNW): Randall K Edington , other of Pinnacle West Capital Corp sold 5,500 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $73.99 per share for a total value of $406,945.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Randall K Edington (other) sold 6,500 shares at $73.69 per share price.On May 10, 2016, Denis A. Cortese (director) sold 2,000 shares at $72.87 per share price.Also, On Mar 11, 2016, Barbara M Gomez (other) sold 2,100 shares at $70.61 per share price.On Mar 11, 2016, Denise R Danner (VP, Controller & CAO) sold 2,175 shares at $70.83 per share price.
Pinnacle West Capital Corporation: On Monday, May 16, 2016 heightened volatility was witnessed in Pinnacle West Capital Corporation which led to swings in the share price. The shares opened for trading at $74.24 and hit $74.58 on the upside , eventually ending the session at $74.57, with a gain of 0.49% or 0.36 points. The heightened volatility saw the trading volume jump to 6,84,251 shares. The 52-week high of the share price is $75.81 and the company has a market cap of $8,288 M . The 52-week low of the share price is at $56.01.
Company has been under the radar of several Street Analysts.Pinnacle West Capital Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 69 from a previous price target of $68 .The Rating was issued on Feb 22, 2016.
Pinnacle West Capital Corporation is a holding company that operates primarily through its wholly owned subsidiaries is engaged in regulated retail and wholesale electricity businesses. The Companys operations primarily include electricity generation transmission and distribution. The Companys subsidiaries include Arizona Public Service Company (APS) a vertically integrated electric utility that provides either retail or wholesale electric service to the State of Arizona with the exceptions of about one-half of the Phoenix metropolitan area the Tucson metropolitan area and Mohave County in northwestern Arizona; El Dorado Investment Company (El Dorado) and Bright Canyon Energy Corporation (BCE). APS provides electric service to approximately 1.2 million customers. APS has ownership interests in or leases the coal nuclear gas oil and solar generating facilities.