|Bid||34.91 x 800|
|Ask||34.92 x 800|
|Day's Range||34.58 - 35.01|
|52 Week Range||33.61 - 56.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||0.49 (1.42%)|
|1y Target Est||39.39|
Southern Co. (SO), Tata Motors Ltd. (TTM), Whirlpool Corp. (WHR), and SCANA Corp. (SCG) have declined to their three-year lows. The prices of Southern Co. (SO) shares have declined to $44.01 on Sept. 21, which is only 3.7% above the 3-year low of $42.38. Southern Co. is an American gas and electric utility holding company chiefly operating in the southern United States.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting SCG. Over the last month, growth of ETFs holding SCG is favorable, with net inflows of $21.49 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
Let’s take a look at utility stocks (XLU) with attractive upside potentials for the next 12 months. PG&E (PCG) stock has a median target price of $51.9—compared to its current market price of $47.0, which indicates an upside potential of more than 10% for the next year.
CAYCE, S.C. , Sept. 12, 2018 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) announced that the Company's 2018 Annual Meeting of Shareholders was held today in Columbia, South Carolina , with Chairman of ...
cleared another hurdle this week, moving a step closer to an agreement that could mean more than a billion dollars in rebates for utility customers. SCANA suddenly needed a buyer after spending $5 billion on a pair of reactors abandoned a year ago at V.C. Summer. Dominion is offering more than $1 billion in rebates to SCE&G customers in the deal, which would also cut rates by about 7%.
Utilities at large (XLU) are aiming for an earnings growth of 4%–6% annually for the next few years. In comparison, NextEra Energy (NEE), the fastest-growing top utility, aims to increase its EPS by 6%–8% through 2021. NextEra Energy’s healthy combination of regulated and competitive operations and unmatchable renewables portfolio drove its earnings in the last few years. The planned asset sale of Southern Company’s (SO) assets is expected to make NextEra Energy’s footprint even stronger in Florida.
COLUMBIA, S.C. (AP) — A deal to merge troubled South Carolina utility SCANA with Dominion Energy cleared another hurdle this week, moving a step closer to an agreement that could mean more than a billion dollars in rebates for utility customers.
RICHMOND, Va. and CAYCE, S.C., Sept. 4, 2018 /PRNewswire/ -- The proposed combination of Dominion Energy, Inc. (NYSE:D) and SCANA Corporation (SCG) has achieved another significant milestone. The U.S. Nuclear Regulatory Commission (NRC) has approved the indirect transfer of the Operating License for V.C. Summer Unit 1 and of the Combined Licenses (COLs) for V.C. Summer Units 2 and 3 from SCANA's wholly owned subsidiary, South Carolina Electric & Gas (SCE&G), to Dominion Energy. This constitutes one of several regulatory approvals required by the merger agreement between the two companies.
NRG Energy (NRG) completes sale of interest in NRG Yield and its Renewables platform. The company will utilize the proceeds to strengthen balance sheet and buyback shares.
CAYCE, S.C. , Aug. 30, 2018 /PRNewswire/ -- SCANA Corporation (NYSE:SCG) announced that its Board of Directors, at a meeting held today, declared a quarterly dividend of 12.37 cents per share on the Company's ...
Vectren's (VVC) stakeholders approve the proposed merger with 61.6% of total outstanding shareholders casting votes in favor of the move.
Gastonia-based PSNC Energy has purchased a 30% share of a proposed $350 million project to extend the planned Mountain Valley Pipeline into North Carolina.
In this series, we’re looking at institutional investors’ activity in the S&P 500 Utilities stocks in the second quarter. In this series, we’ll look at Dominion Energy (D). The Vanguard Group is the top institutional investor in all top utility stocks, including Dominion Energy.
S.C. Electric & Gas has declined to give regulators' staff 57 documents relating to a confidential 2015 audit report concerning the now-abandoned $20-plus billion Summer nuclear plant expansion.
CAYCE, S.C. , Aug. 16, 2018 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), announced today that it sold, in a negotiated offering, ...
It’s been a tough week for S.C. Electric & Gas and its failed V.C. Summer nuclear project. A federal judge has twice blocked SCE&G's efforts to forestall a temporary rate reduction related Summer that will cost the utility $270 million through December. Now as the week winds down, the S.C. Office of Regulatory Staff (ORS) is calling on regulators to impose what could be more than $1 billion worth of sanctions against the company. That motion, filed Thursday after 5 p.m., says SCE&G violated an S.C. Public Service Commission order to give the regulatory staff a confidential 2015 audit report that outlines major construction problems at the now-abandoned plant and related documents.
CAYCE, S.C. , Aug. 7, 2018 /PRNewswire/ -- South Carolina Electric & Gas Company ("SCE&G"), a subsidiary of SCANA Corporation (NYSE: SCG), announced today that it will appeal the Order of the ...
Shares of Scana were falling on Tuesday morning, following a judicial ruling in favor of a utility rate cut. Shares of Scana (SCG) had a difficult 2017, beset by problems related to its now defunct nuclear power plant project. On Tuesday, Scana was feeling more pain, after a judge ruled in favor of a temporary rate cut for customers of South Carolina Electric and Gas (SCE&G), the utility that Scana owns. U.S. District Judge Michelle Childs ruled against SCE&G, which had asked for a preliminary injunction to block a South Carolina law, approved this summer, that allows the rate cut.
Utility stocks are normally buttoned up, conservative types that don’t move around much. They cater to the income-focused investor who prefers smooth steadiness instead of rip-roaring capital appreciation. Sure, a few percentage points to the upside is always great. But it’s not the main focus.
S.C. Electric & Gas sought the preliminary injunction against S.C. regulators to prevent a temporary rate cut that will reduce its revenue by $270 million through December.
Judge J. Michelle Childs of the U.S. District Court in Columbia, S.C., on Monday refused to block a state law shaving 15% from consumers’ bills and depriving Scana unit South Carolina Electric & Gas of roughly $31 million in monthly revenue. The decision takes ratepayers off the hook for some of what Scana spent on the V.C. Summer nuclear expansion, a $9 billion project that was abandoned last year, half-built. Scana has been tangling with consumers and lawakers since then over who should cover billions of dollars in costs, the company or its ratepayers.