Pinnacle West Capital Corp (NYSE:PNW)

CAPS Rating: 2 out of 5

Through its subsidiaries, the Company provides electricity and energy-related products and services in the western United States. It also develops residential, commercial and industrial real estate properties.

Recs

2
Player Avatar KatWoman50 (87.64) Submitted: 11/28/2006 2:47:36 PM : Outperform Start Price: $33.90 PNW Score: +39.63

Nice boring utility company with a good dividend, currently $2/share and expected to rise to $2.13 in 2007
current yield 4.4%, 1 year dividend change 5.3%, 10 year annualized div growth 7.2% Figures from TMF dividend investor http://www.fool.com/news/commentary/2006/commentary06083011.htm Projected sales growth of 5.5% over the next 5 years.

OWNED COMPANIES
Arizona Public Service (APS) provides electricity for most of Arizona and alos sells power to other western states. Concerns are their Palo Verde nuclear plant which has already come under scrutiny after a series of operational problems in the past two years that caused prolonged outages. The outages have cost at least $45 million to buy power on the open market to make up for lost generation. "They have had a problem with human performance, and in properly identifying problems and finding resolution" over the past few years, said Nuclear Regulatory Commission spokesman Victor Dricks, referring to APS. While Dricks said the NRC may put Palo Verde on extra watch, the plant is not a danger to public safety and is operating safely. (http://biz.yahoo.com/seekingalpha/061120/20935_id.html?.v=1) PNW runs 3 of the 103 US nuclear plants with Palo verde being the largest in the US. Pending rate hike request expected for January 1, 2007 which could be catalyst for moving the stock price out of the $38-$48 range it's been stuck in the last 2 years.

"APS Energy Services offers a full complement of services ranging from consultative and design-build customized solutions to make improving your business easy and painless. Our energy experts will evaluate your business facilities' overall system and design projects to focus on a complete solution and follow through with expert installation. Services include: Energy Master Plan, Renewable technologies
Investment-grade facility analysis, Equipment sales and installation, Comprehensive engineering and design, Project Management, Energy management systems, Construction Management, Cogeneration, Customized financing, Energy Information System" http://www.apses.com
APSES recently built a Nevada's first biomass generator at at school in Ely NV as part of Fuels for Schools program. The generator uses woodchips from fire reduction programs in the state.

Suncor Development designs and builds high end residential, commercial and golf facilities integrating energy systems into the design. http://www.suncoraz.com

Eldorado is a venture capital and investment firm specializiing in the deregulated energy sector. "Our primary strategy is to invest in start-up, development stage and rapid expansion phase opportunities that complement the core electricity generating, distributing and marketing businesses of Pinnacle West. Typical investments range from $1 million to $5 million resulting in minority equity stakes in each portfolio company."
http://www.pinnaclewest.com/main/pnw/AboutUs/ElDorado/default.html

Report this Post 9 Comments
Member Avatar KatWoman50 (87.64) Submitted: 3/12/2007 2:38:37 PM
Recs: 0

Dividend PayoutPOSTED AT 1/31/2007 7:22:00 AMThe stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to reflect the value of this dividend payout.

Member Avatar KatWoman50 (87.64) Submitted: 4/30/2007 10:37:39 AM
Recs: 0

Dividend Payout POSTED AT 4/28/2007 7:42:22 AM The stock PNW has paid out a dividend of $0.525.

Member Avatar KatWoman50 (87.64) Submitted: 7/31/2007 10:40:07 AM
Recs: 0

POSTED AT 7/31/2007 The stock PNW has paid out a dividend of $0.525.

Member Avatar KatWoman50 (87.64) Submitted: 11/2/2007 11:26:29 AM
Recs: 0

POSTED AT 11/2/2007 The stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to $43.68

Member Avatar KatWoman50 (87.64) Submitted: 11/2/2007 11:31:18 AM
Recs: 0

POSTED AT 11/2/2007 The stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to $43.68

Member Avatar KatWoman50 (87.64) Submitted: 2/6/2008 9:48:43 AM
Recs: 0

POSTED AT 2/4/2008 The stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to $43.09

Member Avatar KatWoman50 (87.64) Submitted: 4/30/2008 12:39:38 PM
Recs: 0

POSTED AT 4/30/2008 The stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to $42.45

Member Avatar KatWoman50 (87.64) Submitted: 7/31/2008 1:40:21 PM
Recs: 0

POSTED AT 7/31/2008 The stock PNW has paid out a dividend of $0.525. The starting price for your pick has been adjusted to $41.77

Member Avatar KatWoman50 (87.64) Submitted: 2/10/2009 12:12:14 PM
Recs: 0

POSTED AT 1/30/2009 The stock PNW has paid out a dividend of $0.53. The starting price for your pick has been adjusted to $40.44

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