NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $47.41, above its previous 52-week high of $47.36 with 757,246 shares traded as of 3:56 p.m. ET. Average volume has been 992,500 shares over the past 30 days.
Pinnacle West has a market cap of $4.87 billion and is part of the
industry. Shares are up 11.2% year to date as of the close of trading on Tuesday.
Pinnacle West Capital Corporation, through its subsidiaries, provides retail and wholesale electric services primarily in the State of Arizona. The company involves in the generation, transmission, and distribution of electricity through coal, nuclear, gas and oil, and solar resources. The company has a P/E ratio of 15.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pinnacle West as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
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