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Analyzing SCANA’s Target Price, Outlook, and More

Vineet Kulkarni - Author
By

Oct. 5 2017, Updated 10:39 a.m. ET

Analysts’ target price

According to Wall Street analysts’ estimates, SCANA (SCG) stock has a mean target price of $58.39—compared to its current market price of $48.58. It indicates a potential upside of more than 20% going forward.

On October 3, 2017, among the ten analysts tracking SCANA, five analysts recommended a “hold,” one recommended a “strong buy,” and one recommended a “buy.” One analyst recommended a “sell” and two recommended a “strong sell.”

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Top utilities’ target prices

NextEra Energy (NEE), the top utility by market capitalization, has a mean target price of $155.57, which implies an estimated upside of 6% compared to its current market price of $146.89.

Duke Energy (DUK) has an implied gain of ~3% given analysts’ mean target price of $85.93. Currently, it’s trading at $83.85.

Southern Company (SO) has a mean target price of $51.38—compared to its current market price of $48.79. It indicates an implied gain of 5% going forward.

Outlook

The possibility of SCANA stock recovering looks tough. Meanwhile, the outcome of its criminal investigation on recent rate increases might continue to influence the stock in the near future.

To learn what fundamentally went wrong for US nuclear generation in the last few years, read Why US Nuclear Power Generation Is under Serious Threat.

If you’re looking for top dividend yielding stocks in the S&P 500 Utilities (XLU), read Sector Scan: The 10 Top-Yielding SPX Utility Stocks to learn more.

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