Trade-Ideas LLC identified

Pinnacle West Capital

(

PNW

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Pinnacle West Capital as such a stock due to the following factors:

  • PNW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $51.6 million.
  • PNW has traded 9,966 shares today.
  • PNW is trading at a new lifetime high.

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More details on PNW:

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The stock currently has a dividend yield of 3.4%. PNW has a PE ratio of 19. Currently there is 1 analyst that rates Pinnacle West Capital a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Pinnacle West Capital has been 1.0 million shares per day over the past 30 days. Pinnacle West has a market cap of $8.2 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.30 and a short float of 2.7% with 3.88 days to cover. Shares are up 15.8% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Pinnacle West Capital as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • PNW's revenue growth has slightly outpaced the industry average of 7.4%. Since the same quarter one year prior, revenues slightly increased by 1.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • PINNACLE WEST CAPITAL CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PINNACLE WEST CAPITAL CORP increased its bottom line by earning $3.91 versus $3.58 in the prior year. This year, the market expects an improvement in earnings ($4.00 versus $3.91).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electric Utilities industry. The net income increased by 660.0% when compared to the same quarter one year prior, rising from $5.41 million to $41.12 million.
  • Net operating cash flow has increased to $272.95 million or 28.32% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 1.56%.

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