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Pinnacle West Capital Corporation (PNW) [hlAlert]

up 3.55 %

Pinnacle West Capital Corporation (PNW) rated Underperform by BofA/Merrill

Posted on: Tuesday,  Jan 12, 2016  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Pinnacle West Capital Corporation (NYSE: PNW) on 01/12/2016, when the stock price was $62.94. Since
then, Pinnacle West Capital Corporation has lost 3.43% as of 01/12/2016's recent price of $60.78.
If you would have followed this BofA/Merrill's recommendation on PNW, you would have gained 3.55% of your investment in 0 days.

Pinnacle West Capital Corporation (Pinnacle West) owns Arizona Public Service Company (APS), its major subsidiary. APS is a vertically integrated electric utility that provides either retail or wholesale electric service to most of the States of Arizona. Pinnacle West?s other principal subsidiary is SunCor Development Company (SunCor), which is engaged in real estate development activities in the western United States. Pinnacle West operates in two segments: the regulated electricity segment (accounting for 93% of operating revenues during the year ended December 31, 2008), which consists of regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution, and the real estate segment (accounting for 4% of operating revenues in 2008), which consists of SunCor?s real estate development and investment activities.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/12/2016 10:25 AM Sell
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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