MidAmerican Energy's offer for NV Energy, TECO Energy in May offered to acquire New Mexico Gas Company. We highlight Pinnacle West Capital (PNW) as another potential target in the Southwest. Valuing PNW at 18 times our 2014 earnings estimate implies
Pinnacle West Capital reported ongoing earnings per share of $2.04 in the third quarter versus $2.21 in the same period last year. The disappointing
there is no change to our $55 per share fair value estimate or narrow moat and stable moat trend ratings for Pinnacle West Capital PNW. It appears that the ACC believed Arizona state legal issues would be a serious challenge to implementing
Pinnacle West Capital reported ongoing earnings per share of $1.18 in the second quarter versus $1.12 in the same period last year. Due primarily
We expect a steady ROE decline for Pinnacle West until the stay-out period ends in 2016.
Pinnacle West Capital PNW reported ongoing earnings per share of $0.22 in the first quarter versus an ongoing loss of $0.07 in the same period
A slowdown in demand, and hence capital spending, may help Pinnacle West's cost recovery.
Pinnacle West Capital PNW owes its robust third-quarter earnings growth almost entirely to chance. Arizona experienced one of its hottest summers
We remain cool as ever toward Pinnacle West Capital PNW after reviewing the firm's second-quarter results. Gross profit, a key measure of underlying utility performance, tumbled