SCANA Corp

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.

Dominion Energy (D) is on the final step of completing its acquisition of SCANA Corporation (SCG).

After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth.

On December 3, Ashland (ASH) announced that it completed the expansion of Natrosol HEC (hydroxyethylcellulose) in Nanjing, China.

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.

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.

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.

For the second quarter, SCANA will pay a dividend of $0.124 per share to shareholders of record on July 10.

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.

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.

On May 18, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was 12%—lower than its 15-day average.

Currently, NRG Energy (NRG) is trading at an EV-to-EBITDA valuation of ~12x—compared to its five-year historical average valuation of 11x.

According to Wall Street analysts’ estimates, SCANA (SCG) stock is expected to rise approximately 9% over the next 12 months.

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 Corporation (SCG) stock fell more than 3% on April 19 after its deal with Dominion Energy (D) hit another setback.

Utilities generally carry a huge amount of debt on their books.

US utilities seem to be at a critical juncture at the moment.

On March 21, 2018, the Fed, under the chairmanship of Jerome Powell, delivered its first 2018 rate hike of a quarter of a point.

On March 7, 2018, PPL’s (PPL) implied volatility reached almost 30%—notably higher than its 15-day average.

SCANA Corporation’s (SCG) cost of revenue fell 15.0% in 2016 and rose 7.0% in 9M17.

SCANA Corporation’s (SCG) present dividend yield of 6.5% is driven by flat dividend growth and its price loss.

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.

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.

Duke Energy (DUK) and Southern Company’s (SO) total returns were 1% and -6%, respectively, in the past year.

Dominion Energy (D) stock is currently trading 6% and 5% lower than its 50-day and 200-day moving average levels, respectively.

Dominion Energy agreed to buy troubled SCANA for $7.9 billion in a stock-for-stock deal in January this year.

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%.

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.

The stock of Exelon Corporation (EXC), the largest hybrid utility and the largest utility by revenue, has a mean price target of $43.2.

SCANA, which is involved in electric and natural gas utility operations, was the S&P 500’s top gainer on January 3.

In 2017, the Utilities Select Sector SPDR ETF (XLU) gained only ~8%, while the SPDR S&P 500 (SPX-INDEX) (SPY) rose almost 20%.

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.

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%.

On December 22, 2017, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was ~12%—higher than its 15-day average implied volatility.

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.

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.

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.

Investors’ quest for safe-haven stocks resulted in a modest rally in US utilities this year. XLU has risen more than 15% YTD.

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.

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.

SCANA (SCG) stock has become the second-most volatile stock from the S&P 500 Utilities Index (XLU), with an implied volatility of 35%.

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.”

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.

According to Wall Street analysts, SCANA Corporation (SCG) has a mean price target of $56.06 against its current market price of $49.11.

SCG is currently trading at an EV-to-EBITDA valuation of 9.5x compared to the utilities’ average of 11.0x.

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%.

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.

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%.

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.

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%.

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.

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.

US utilities have risen nearly 12% year-to-date and surpassed broader markets. Very few utility stocks offer handsome potential upside going forward.

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.

Uncertainty at Southern Company’s (SO) Plant Vogtle escalated after the company increased its cost estimate for the project in its 2Q17 earnings.

If nuclear power plants shut down, that power generation share is expected to be eaten up by coal or natural gas.

On April 21, 2017, NRG Energy (NRG) had the highest implied volatility among the stocks in the Utilities Select Sector SPDR ETF (XLU).

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.

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.

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 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.

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).

In the last three months, NRC Energy’s stock has fallen 24.7%—the most among the utility stocks in the table above.

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 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%.

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.

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%.

As of June 29, 2016, NRG Energy (NRG) has the highest short-interest-to-equity float ratio of all utility stocks (XLU).

As of June 22, 2016, NRG Energy (NRG) has the highest short interest–to–equity float ratio of all utility stocks (XLU).

AEP’s free cash flow for 2015 declined to $218 million from $367 million in 2014.

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.

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

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) […]

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 (SO) is a power utility (XLU) company. It’s the fourth largest electricity producer in the US. It was incorporated in November 1945.

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.