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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (71606)	11/21/2022 4:13:29 PM
From: E_K_S	Read Replies (2) \| Respond to of 78666

Re: reversion to the mean Utilities Bought a lot of PNW late last year when they were selling off due to a cut in their allowed rate of return by the regulators. Continued to buy as the stock sold off over months. Finally seeing this one run too. It's an AZ utility where there is growth too. Pinnacle West Capital Corporation provides electricity services (wholesale or retail) in the state of Arizona through its subsidiaries. The company is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar. The company's only reportable segment is Regulated Electricity. The company derives 100% of its earnings from this segment. The Regulated Electricity segment consists of traditional regulated retail and wholesale electricity businesses and related activities. It includes electricity generation, transmission and distribution. Through its wholly owned subsidiary, Arizona Public Service Company (APS), Pinnacle West transmits and distributes electricity to residential, commercial and industrial customers. Excluding half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona, APS provides electric service to most of the counties in Arizona. The company derives the majority of its revenues from APS. Had a chance to pick up shares in 10/2022 as low as $60/share. Back in the Green in the IRA/ROTH accounts. Maybe another 9% move higher to the 5 year mean price. I have several buys in the low $60's but nice to see this close at $75.19/share +1.98% today.