Pinnacle West Capital Corp (PNW) Files Form 4 Insider Selling : John S. Hatfield Sells 4,523 Shares

Pinnacle West Capital Corp (PNW): John S. Hatfield , other of Pinnacle West Capital Corp sold 4,523 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $75.27 per share for a total value of $340,446.22 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Robert S Bement (other) sold 4,300 shares at $75.75 per share price.On May 17, 2016, Randall K Edington (other) sold 5,500 shares at $73.99 per share price.Also, On May 10, 2016, Denis A. Cortese (director) sold 2,000 shares at $72.87 per share price.On Mar 11, 2016, Barbara M Gomez (other) sold 2,100 shares at $70.61 per share price.

Pinnacle West Capital Corporation: On Monday, Sep 12, 2016 heightened volatility was witnessed in Pinnacle West Capital Corporation which led to swings in the share price. The shares opened for trading at $74.07 and hit $75.45 on the upside , eventually ending the session at $75.24, with a gain of 1.74% or 1.29 points. The heightened volatility saw the trading volume jump to 913,891 shares. The 52-week high of the share price is $82.78 and the company has a market cap of $8,365 M . The 52-week low of the share price is at $59.55.

Pinnacle West Capital Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pinnacle West Capital Corporation is Reiterated by Williams Capital Group to Hold and the brokerage firm has raised the Price Target to $ 79 from a previous price target of $58 .The Rating was issued on Aug 30, 2016.Pinnacle West Capital Corporation is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 78 from a previous price target of $70 .The Rating was issued on Aug 3, 2016.Pinnacle West Capital Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 73 from a previous price target of $69 .The Rating was issued on Jun 20, 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 Company’s operations primarily include electricity generation transmission and distribution. The Company’s 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.

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