Latest SCANA Corp News and Updates
What’s in Store for Dominion Energy Stock?
Dominion Energy (D), one of the laggards among top utilities this year, seemed strong lately and is currently trading close to an eight-month high.
Dominion Energy or Sempra Energy: Which Could Be Stronger?
Dominion Energy (D) announced its agreement to buy SCANA (SCG) on January 3, 2017. The deal is expected to accelerate Dominion Energy’s earnings growth.
Comparing NRG Energy’s Valuation to Its Peers
Currently, NRG Energy (NRG) is trading at an EV-to-EBITDA valuation of ~12x—compared to its five-year historical average valuation of 11x.
How SCANA Stock Is Currently Valued
On April 19, 2018, SCANA was trading at an EV-to-EBITDA multiple of 7.0x. Its five-year historical average multiple is 10.0x.
Which Utility Stocks Have the Highest Short Interests?
On December 15, 2016, NRG Energy had a short interest-to-equity float ratio of 6.7%—the highest among the utility stocks that make up the Utilities Select Sector SPDR ETF.
Analyzing the Top 5 Most Volatile S&P 500 Utilities
On December 20, 2017, the implied volatility of the Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, was ~12%.
SCANA Stock Has Fallen 33% in 2017: What’s Next?
Things have been getting uglier for SCANA (SCG) since it abandoned the V.C. Summer nuclear power plant a few months ago. Its stock is racing to the bottom.
Does Dominion Energy’s Deal with SCANA Look Uncertain?
Dominion Energy agreed to buy troubled SCANA for $7.9 billion in a stock-for-stock deal in January this year.
Utility Stocks That Lead in Short Interest
In the last three months, NRC Energy’s stock has fallen 24.7%—the most among the utility stocks in the table above.
Which Utility Stocks Have the Highest Short Interest?
On December 6, 2016, NRG Energy (NRG) had a short interest-to-equity float ratio of 7.4%—the highest among the utility stocks that make up XLU.
US Nuclear Power Producers Are Asking for State Help
If nuclear power plants shut down, that power generation share is expected to be eaten up by coal or natural gas.
How Do Analysts View SCANA Stock in April 2018?
According to Wall Street analysts’ estimates, SCANA (SCG) stock is expected to rise approximately 9% over the next 12 months.
These 5 S&P 500 Utilities Offer Highest Dividend Yields
The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, is currently trading at a dividend yield of 3.5%.
Utility Stocks with High Short Interest: Do You Own Any of Them?
On January 5, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 6.7%—the highest among the utility stocks that make up XLU.
Exelon Offers a Decent Potential Upside from Here
The stock of Exelon Corporation (EXC), the largest hybrid utility and the largest utility by revenue, has a mean price target of $43.2.
These SPX Utilities Could Gain You More than 10% from Here
US utilities have risen nearly 12% year-to-date and surpassed broader markets. Very few utility stocks offer handsome potential upside going forward.
SCANA Cut Dividends 80%, Stock Rose 5%
For the second quarter, SCANA will pay a dividend of $0.124 per share to shareholders of record on July 10.
Why Investors Are Bearish on Certain Utility Stocks
As of October 13, 2016, NRG Energy (NRG) has the highest short interest-to-equity float ratio among utility stock companies that are part of XLU at 5.1%.
Hawaiian Electric bucks the trend in a weak market
Hawaiian Electric withstood the fall in the markets. It was up 0.6% for the week ending on January 30, 2015. Hawaiian Electric closed the week at $34.30 per share.
NRG Energy Offers a Strong Potential Upside
According to Wall Street analysts, NRG Energy (NRG) stock has a median target price of $44.5—compared to its current market price of $36.2.
Utilities: Movers and Shakers Last Week
After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth.
Top Gainers: Macy’s Rose on June 5
On June 5, J.P. Morgan upgraded Macy’s target price from $35 to $41 and boosted the prices. On June 5, Macy’s gained 8% and closed the day at $40.05.
SCANA Stock Declines amid Deal Uncertainty
SCANA Corporation (SCG) stock fell more than 3% on April 19 after its deal with Dominion Energy (D) hit another setback.
What a Steep Rise in PPL’ s Implied Volatility Could Mean
On March 7, 2018, PPL’s (PPL) implied volatility reached almost 30%—notably higher than its 15-day average.
Key Factors that Could Drive SCG’s Dividend Growth
SCANA Corporation’s (SCG) cost of revenue fell 15.0% in 2016 and rose 7.0% in 9M17.
What Drove US Utility Stocks Last Week?
Last week, the SPDR S&P 500 (SPX-INDEX) (SPY) rose 1.6%, while the Utilities Select Sector SPDR S&P 500 (XLU) rose ~1% during this period.
SCANA Shareholders’ Woes Got Magnified Recently
Recently, SCANA stock continued to trade weak. It’s one of the top losers among the S&P 500 (SPX-INDEX) (SPY). So far, it has lost more than 40% this year.
Analyzing SCANA’s Target Price, Outlook, and More
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.
Why SCANA Stock Trades Cheap Compared to Its Peers
On October 3, 2017, SCANA was trading at an EV-to-EBITDA valuation multiple of 9.3x, while its five-year historical average is near 10.3x.
Latest Developments for Southern Company’s Plant Vogtle
Uncertainty at Southern Company’s (SO) Plant Vogtle escalated after the company increased its cost estimate for the project in its 2Q17 earnings.
Utility Stocks with the Highest Short Interest
On January 18, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 6.7%, the highest among the utility stocks that make up XLU.
Which Utility Stocks Lead in Short Interest?
As of October 19, NRG Energy (NRG) has the highest short interest-to-equity float ratio among utility stock companies that are part of the XLU at 5.1%.
Utilities’ Free Cash Flow Continues Downtrend, AEP No Exception
AEP’s free cash flow for 2015 declined to $218 million from $367 million in 2014.
SO Reached a Settlement for the Completion of Its Vogtle Plant
SO’s subsidiary Georgia Power said in December that it had reached a settlement with contractors regarding the construction of its Vogtle nuclear plant.
A Rise in SCANA’s Customer Base Could Drive Future Growth
Electric operations are the major revenue source for SCANA Corporation. In the third quarter of 2015, nearly 70% of revenue came from its electric segment.
SCANA’s Main Energy Source to Shift from Coal to Nuclear
GENCO is SCANA’s subsidiary that looks after the power generation segment. It has a capacity of 605 megawatts and sells the generated power only to SCE&G.
How Does Piedmont Natural Gas Compare to Its Peers?
Piedmont Natural Gas and its peers We’ve looked at Piedmont Natural Gas (PNY) fiscal 4Q15 results. Now let’s compare Piedmont with its peers as of December 23, 2015: First, let’s compare PE (price-to-earnings) ratios: Piedmont Natural Gas (PNY)— 31.6x Duke Energy (DUK) — 20.8x Dominion Resources (D) — 22.5x SCANA (SCG) — 11.6x NiSource (NI) […]
Piedmont Natural Gas’s Income Fell in Fiscal 4Q15 and Fiscal 2015
After Piedmont Natural Gas’s (PNY) fiscal 4Q15 earnings report, PNY fell by 0.52% to close at $56.92 per share in yesterday’s trade.