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Pinnacle West: Stellar Outperformance Amongst Utilities


  • Pinnacle West has outperformed the broader utility index ETF by 25% over the last 20 months.
  • The stock even shrugged off the poor earnings in Q2-2023.
  • We examine the setup and tell you whether this is worth buying today.
  • Conservative Income Portfolio members get exclusive access to our real-world portfolio. See all our investments here »

Arizona Wildcats

wellesenterprises/iStock Editorial via Getty Images

Our last coverage of Pinnacle West (NYSE:PNW) we gave a neutral rating to the utility, noting the quality of the company offset the regulatory headwinds. We explained our defensive play to generate a high amount of

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This article was written by

Trapping Value profile picture

Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

Trapping Value provides Covered Calls, and Preferred Stock Trader covers Fixed Income. The Covered Calls Portfolio is designed to provide lower volatility income investing with a focus on capital preservation. The fixed income portfolio focuses on buying securities with high income potential and heavy undervaluation relative to comparatives. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of XLU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (5)

Thank you for highlighting this company.
Nuclear power is clearly back in play.
Doug Brooks in Nevada profile picture
The first picture in this article is ironic. It refers to the University of Arizona, which is in Tucson. PNW does not serve the Tucson area; a subsidiary of Fortis is the provider.
I recall the majority of SA and its readers panning this company and the stock while I was buying shares hand-over-fist during 2021 4Q - 1Q 2022. If I had listened to the masses I would have a much smaller position / or none at all, but the author's article helps to confirm that my analysis and decisions to buy have long-term traction.
I am long PNW. Their partial ownership of the Palo Verde nuclear generating station (3 reactors and 32M megawatts annually) will serve them well in the future. Once they work their way through the regulatory issues - which they are doing - they will be fine. If/when interest rates start to drop, they will do better.
@Trapping Value only own two Utes… one of which is UGI in PA… it has lost ground since I purchased mid summer. Wondered if you had any thoughts on it? Thanks

Also own ENB.
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