Pinnacle West Capital Corporation (PNW): Today's Featured Utilities Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Pinnacle West Capital Corporation ( PNW) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.3%. By the end of trading, Pinnacle West Capital Corporation rose $0.70 (1.3%) to $55.14 on heavy volume. Throughout the day, 1,646,109 shares of Pinnacle West Capital Corporation exchanged hands as compared to its average daily volume of 954,500 shares. The stock ranged in a price between $54.34-$55.38 after having opened the day at $54.38 as compared to the previous trading day's close of $54.44. Other companies within the Utilities sector that increased today were: Niska Gas Storage Partners ( NKA), up 7.1%, Pattern Energy Group ( PEGI), up 3.1%, Centrais Eletricas Brasileiras ( EBR), up 2.4% and Atlantic Power Corporation ( AT), up 2.3%.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. Pinnacle West Capital Corporation has a market cap of $6.0 billion and is part of the utilities industry. Shares are up 2.9% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Pinnacle West Capital Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Pinnacle West Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Cadiz ( CDZI), down 5.4%, Pure Cycle Corporation ( PCYO), down 5.3%, Transportadora de Gas del Sur ( TGS), down 4.9% and GreenHunter Resources ( GRH), down 3.6% , were all laggards within the utilities sector with ONEOK ( OKE) being today's utilities sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

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