SCANA Had a Strong Performance on February 22
SCANA was the S&P 500’s second-best performer on Thursday. After trading with weak sentiment for five weeks, SCANA regained strength last week.
NRG Energy Stock’s Current Valuation
Currently, NRG Energy (NRG) is trading at an enterprise value–to–EBITDA valuation of ~11x, compared to its five-year historical average valuation of 11x.
What Does SCANA’s Increased Implied Volatility Indicate?
Recently, SCANA became one of the most volatile stocks in the S&P 500 Utilities Index (XLU). On October 3, 2017, SCANA had an implied volatility of 30%.
Utilities Are Trading at a Premium: Is a Correction Possible?
Xcel Energy (XEL), a $21 billion utility, hit an all-time high on March 31, 2016, and closed at $41.82. It has outperformed utilities by a huge margin, rising 20% so far this year.
NextEra Energy and Dominion Energy: How Do They Stack Up?
US utilities seem to be at a critical juncture at the moment.
Analyzing SCANA’s Valuation, Dividends, and More
SCG is currently trading at an EV-to-EBITDA valuation of 9.5x compared to the utilities’ average of 11.0x.
This Could Keep Driving SCANA Stock Lower
According to the Wall Street analyst estimates, SCANA (SCG) has a mean price target of $52.17, implying an estimated gain of 21% over the next year.
Looking at the Price Targets of Top-Yielding SPX Utilities
Public Service Enterprise Group (PEG) has a mean price target of $48.35 against its current price level of $45.60. This indicates a possible gain of ~6.0% going forward.
What Utilities’ Recent Implied Volatility Trends Indicate
On December 22, 2017, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was ~12%—higher than its 15-day average implied volatility.
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.
S&P 500 Utilities with Above-Average Dividend Yields
On March 21, 2018, the Fed, under the chairmanship of Jerome Powell, delivered its first 2018 rate hike of a quarter of a point.
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.
Why SCANA Stock Offers Decent Upside Potential
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.
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.
NRG Energy Leads in Implied Volatility among Utility Stocks
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).
Don’t Be Deceived by SCANA’s 5.3% Dividend Yield
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.
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.
SCANA Shares Continue to Look Weak
SCANA (SCG) shares fell 7.8% and closed at $51.22 on September 27, 2017. SCANA was the biggest loser, while XLU fell 1.3% during the day.
What Could Drive Dominion Energy’s Dividend Growth Going Forward?
Dominion Energy (D) is on the final step of completing its acquisition of SCANA Corporation (SCG).
These SPX Utilities Are Trading Cheap Compared to Peers
On average, utilities are trading at an EV-to-EBITDA valuation multiple of 11x—higher than their historical average EV-to-EBITDA ratio of 9x.
What’s Next for SCANA Corporation Stock?
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.
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 Dominion Energy’s Moving Averages
Dominion Energy (D) stock is currently trading 6% and 5% lower than its 50-day and 200-day moving average levels, respectively.
Understanding SCANA’s Price Targets and Analyst Recommendations
Among the ten analysts tracking SCANA, one analyst recommends the stock as a “strong buy,” while none recommends a “buy,” and six recommend a “hold.”
Could Trump’s Tax Reform Hurt Utilities?
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%.
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.
Why SCANA Is Selling Its Claims against Toshiba
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.
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.
Why NRG’s Implied Volatility Is Rising
On April 21, 2017, NRG Energy (NRG) had the highest implied volatility among the stocks in the Utilities Select Sector SPDR ETF (XLU).
SCG, PCG, EIX: Analyzing the Most Volatile Utilities’ Returns
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.
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%.
What SCANA’s Rising Implied Volatility Could Mean
SCANA (SCG) stock has become the second-most volatile stock from the S&P 500 Utilities Index (XLU), with an implied volatility of 35%.
Consolidated Edison Beat Earnings Estimates despite Mild Weather
Consolidated Edison (ED), New York’s largest utility, reported its fourth quarter earnings on February 18, 2016. ED beat analysts’ estimates and reported adjusted earnings of $0.61 per share
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: Analysts’ Recommendations and Target Price
Analysts’ median target price of $39.30 for NRG Energy (NRG) stock implies a 10% upside to its current price of $35.79 over the next 12 months.
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.
Ashland Completed HEC Production Expansion in China
On December 3, Ashland (ASH) announced that it completed the expansion of Natrosol HEC (hydroxyethylcellulose) in Nanjing, China.
Institutional Activity in Dominion Energy in Q3 2018
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.
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.
What XLU’s Current Volatility Trends Indicate
On May 18, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was 12%—lower than its 15-day average.
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.
A Look at NextEra Energy’s and Dominion Energy’s Debt Profiles
Utilities generally carry a huge amount of debt on their books.
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.
Factors that Could Drive the Dividend Growth of SCG
SCANA Corporation’s (SCG) present dividend yield of 6.5% is driven by flat dividend growth and its price loss.
Dominion Energy and Institutional Investors in 4Q17
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.
Utilities at a 52-Week Low: What Are the Total Returns?
Duke Energy (DUK) and Southern Company’s (SO) total returns were 1% and -6%, respectively, in the past year.
SCANA: S&P 500’s Top Gainer on January 3
SCANA, which is involved in electric and natural gas utility operations, was the S&P 500’s top gainer on January 3.
Inside the Top XLU Utilities’ Recent Performances
In 2017, the Utilities Select Sector SPDR ETF (XLU) gained only ~8%, while the SPDR S&P 500 (SPX-INDEX) (SPY) rose almost 20%.
SCG: Analyzing SCANA’s Current Valuation
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.
SCANA Offers VC Summer Site to Santee Cooper: Stock Falls 6%
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.
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.
These S&P 500 Utilities Stocks Offer a Decent Potential Gain
Investors’ quest for safe-haven stocks resulted in a modest rally in US utilities this year. XLU has risen more than 15% YTD.
Analysts’ Views and Price Targets for SCANA Corporation
According to Wall Street analysts, SCANA Corporation (SCG) has a mean price target of $56.06 against its current market price of $49.11.
What Does the Recent Recovery in Utilities Mean?
US utility stocks took a breather last week after correcting more than 5% in the last few weeks. The Utilities Select Sector SPDR ETF (XLU) rose 0.7%.
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%.
Expect Smart Dividend Growth from CMS in the Next Few Years
As one of the fastest growing utilities, CMS Energy (CMS) is expected to have impressive dividend growth for the next two years, beating its peers.
Top 5 Utility Stocks with the Highest Short Interest-to-Equity Float
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%.
What Are the Top 5 Utility Stocks by Short Interest to Equity Float?
As of June 29, 2016, NRG Energy (NRG) has the highest short-interest-to-equity float ratio of all utility stocks (XLU).
Top 5 Utility Stocks by Short Interest–to–Equity Float Ratio
As of June 22, 2016, NRG Energy (NRG) has the highest short interest–to–equity float ratio of all utility stocks (XLU).
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.
What Is the Outlook for SCANA?
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 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.
Heavy Capital Spending for SCANA’s Nuclear Project
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.
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.
Momentum Oscillators Suggest a Bearish Trend for SCANA
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.
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.
Southern Company: Analyzing the Power Utility Company
Southern Company (SO) is a power utility (XLU) company. It’s the fourth largest electricity producer in the US. It was incorporated in November 1945.
Lucrative markets for nuclear reactor manufacturers like GE
China, India, other developing countries, and the US are the best bets for nuclear reactor manufacturers as other countries move away from nuclear power.