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Electron Capital Partners is a hedge fund advisor specialized in infrastructure and utility-related stocks. The firm, based in New York, was relaunched in 2013 by James Oscar Shaver also known as Jos, who is currently Electron Capital's Managing Partner and Portfolio Manager. Jos Shaver holds an MBA with a double major in Finance and Accounting […]
David A. Witkin's Beryl Capital Management is an investment manager focused on merger arbitrage. The firm was created back in 2013, and its offices are located in Redondo Beach, California. Since its inception, it has provided services to individual clients, small businesses and pooled investment vehicles mainly across the United States. David Alexander Witkin is […]
COLUMBIA, S.C. (AP) — Dominion Energy announced the completion of its merger on Wednesday with a South Carolina utility drowning in debt after the failure of a nuclear construction project.
Do You Own Analysts’ Favorite Utility Stocks? 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. The target price implies an estimated upside of ~23% for the next 12 months. NRG Energy has the highest “buy” ratings from 90% of the ten analysts tracking the stock.
NEW YORK , Dec. 27, 2018 /PRNewswire/ -- First Republic Bank (NYSE: FRC) will replace SCANA Corporation (NYSE: SCG) in the S&P 500 effective prior to the open of trading on Wednesday, January 2, 2019 . ...
DALLAS , Dec. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Utility Index (the "Index") as part of ...
Moody's Investors Service ("Moody's") affirmed the ratings of Dominion Energy, Inc. (Dominion), including its Baa2 senior unsecured and P-2 commercial paper ratings. At the same time, Moody's affirmed the ratings of Virginia Electric and Power Company, Inc. (VEPCO), including its A2 senior unsecured and P-1 commercial paper rating with a stable outlook. "The $5 billion of consolidated debt reduction at Dominion in 2018 will support an improved financial profile, including a sustainable ratio of cash flow to debt of at least 14% going forward" said Ryan Wobbrock, Vice President -- Senior Analyst.
Moody's Investors Service (Moody's) affirmed the ratings of SCANA Corporation (SCANA, Ba1 senior unsecured) and its subsidiary and South Carolina Electric & Gas Company (SCE&G, Baa3 senior unsecured) and revised the outlooks to positive from negative. Moody's also affirmed the ratings of Public Service Company of North Carolina, Inc. (PSNC, A3 senior unsecured) leaving its outlook negative.
Charlotte's Piedmont Natural Gas ranked seventh of nine natural gas utilities in the South for customer satisfaction in the J.D. Power survey. Gastonia-based PSNC Energy ranked third in the region.
Dominion Energy (D) is on the final step of completing its acquisition of SCANA Corporation (SCG). The only approval pending is from the South Carolina Public Service Commission. Dominion Energy’s earnings growth could accelerate next year given the contribution from SCANA’s regulated operations and exports from its Cove Point terminal.
Each Duke Energy Corp. utility saw its score fall slightly from 2017 in J.D. Power's annual business customer satisfaction survey.
South Carolina regulators approved a merger that has Virginia-based Dominion Energy Inc (NYSE: D ) buying South Carolina's Scana Corporation (NYSE: SCG ). What Happened State regulators approved Dominion ...
After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth. The S&P 500 fell 1.2%, while utilities gained 0.6% for the week ending December 14. So far in 2018, utilities have outperformed broader markets. Including dividends, the Utilities Select Sector SPDR ETF (XLU), the representative of the top utilities in the country, has returned 11%, while broader markets have returned -1% year-to-date.
Johnson & Johnson (NYSE:JNJ) set most of the bearish tone, losing 10% of its value on reports that it has known for decades that some of its talcum powder was tainted with asbestos. As the new trading week kicks off, stock charts of Dollar Tree (NASDAQ:DLTR), Scana (NYSE:SCG) and Mastercard (NYSE:MA) merit the most attention. Back on Nov. 13 we pointed out — and not for the first time — that a range-bound Scana was actually gearing up for a breakout thrust.
We expect the South Carolina Public Service Commission will issue a written order next week, and the acquisition will close shortly thereafter.
COLUMBIA, S.C. (AP) — A power company's $15 billion deal to purchase a troubled South Carolina-based utility after a costly nuclear construction failure won approval Friday from state regulators.
RICHMOND, Va. and CAYCE, S.C., Dec. 14, 2018 /PRNewswire/ -- Today the Public Service Commission of South Carolina (SCPSC) voted to approve the merger between Dominion Energy, Inc. (NYSE:D) and SCANA Corporation (SCG) with conditions to be outlined later as part of a written order that is to be issued by Dec. 21, 2018. The SCPSC also approved a customer benefits plan that reduces customer bills below current levels, consistent with the companies' proposal. "Dominion Energy and SCANA are pleased with today's action of the Public Service Commission of South Carolina after an open, thorough and inclusive public process.