The Vanguard Group is the biggest institutional investor in Dominion Energy (D), holding more than 7.6% of its total outstanding shares as of September 30.
The Vanguard Group is the top institutional investor in Dominion Energy (D). It added 0.73 million shares in 4Q17 and held a 7.33% stake in Dominion as of December 31.
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.
According to Wall Street analysts, SCANA Corporation (SCG) stock has an expected upside of nearly 22% in a year. It has a mean price target of $47.44 against its current market price of $39.0.
SCANA (SCG) stock is currently trading at a significant discount relative to peers. On December 22, it was trading at an EV-to-EBITDA valuation multiple below 8x.
Cayce, South Carolina–based SCANA Corporation (SCG) abandoned its V.C. Summer Nuclear Station in July 2017 after the project’s cost swelled beyond $20 billion.
Let’s take a look at the total returns of the most volatile S&P 500 Utilities stocks. Total returns consider capital appreciation as well as dividends paid during a particular period.
The stock for SCANA (SCG), which is based in Cayce, South Carolina, is continuing to fall over its nuclear power plant issues. The stock fell more than 6% on December 11, 2017.
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.
SCANA (SCG) is now the highest-yielding S&P 500 Utility stock with a dividend yield of 5.34%. But the yield has increased due to its stock’s recent fall.
Baupost Group has purchased the largest chunk of the $2.2-billion claim that SCANA (SCG) and Santee Cooper had against Toshiba related to Westinghouse.
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.
President Trump unveiled his administration’s much-awaited corporate tax reform proposals last week. US utility stocks reacted negatively to the news, falling 1.3%.
On February 1, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 4.7%. It was the highest among the utility stocks that make up XLU.
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.
On November 16, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
On November 2, 2016, NRG Energy had a short interest-to-equity float ratio of 5.1%, the highest among the utilities stocks that make up the Utilities Select Sector SPDR ETF.
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%.
As of August 3, NRG Energy has the highest short interest-to-equity float ratio of all the utility stocks (XLU) at 5.9%. One month ago, its ratio was 5.9%.
SCANA’s operations are well diversified with gas and electricity distribution. The electric business has shown very trivial growth over the last couple of years.
SO’s subsidiary Georgia Power said in December that it had reached a settlement with contractors regarding the construction of its Vogtle nuclear plant.
The total project cost of SCANA’s nuclear reactor plant in Summer Station is expected to rise from $5.4 billion to $7.1 billion during the construction.
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.
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.
Shares of SCANA have been consistently trading near the RSI (Relative Strength Index) of 60. RSI peaked to 73 in August 2015, indicating an overbought zone.
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) […]
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.
China, India, other developing countries, and the US are the best bets for nuclear reactor manufacturers as other countries move away from nuclear power.
