|Bid||35.29 x 200|
|Ask||38.89 x 100|
|Day's Range||35.21 - 36.82|
|52 Week Range||34.76 - 71.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||2.45 (6.72%)|
|1y Target Est||39.06|
On a per-share basis, the Cayce, South Carolina-based company said it had net income of $1.18. The energy holding company posted revenue of $1.18 billion in the period. Scana shares have decreased 8 percent ...
Based on the mean target price given by Wall Street analysts, NRG Energy (NRG) stock offers a potential upside of 17% for the next 12 months. Analysts have given NRG Energy a mean target price of $36.5—compared to its current market price of $31.2.
CAYCE, S.C. , April 26, 2018 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) today announced earnings for the first quarter of 2018 of $169 million , or $1.18 per share, compared to earnings of $171 million ...
The South Carolina House has renewed its demand that utility customers stop paying the 18 percent fee on their bills for two nuclear plants that were abandoned without generating a watt of power. The House voted 104-7 on Wednesday to reject the Senate's proposed 13 percent rate cut for South Carolina Electric & Gas customers. Gov. Henry McMaster again Wednesday said he would veto any bill that doesn't cut bills by 18 percent, eliminating the fee entirely.
Currently, NRG Energy (NRG) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation of ~12x—compared to its five-year historical average valuation of 11x. NRG Energy stock appears to be trading at a premium compared to its historical average.
According to Wall Street analysts’ estimates, SCANA (SCG) stock is expected to rise approximately 9.0% over the next 12 months. It has a mean price target of $39.10 compared to its current market price of $36.00.
SCANA Corporation (SCG) and Dominion Energy (D) both dug deep holes in investors’ pockets last year. The chart below shows the total returns of these stocks along with broader markets and utilities at large (XLU).
The fresh uncertainty regarding SCANA’s (SCG) merger with Dominion Energy (D) could further pressure the stock in the short term. Its stock is trading 6.0% below its 50-day moving average level and 23.0% lower than its 200-day moving average level.
SCANA Corporation (SCG) stock has been one of the lowest performers among the S&P 500 Utilities Index. On April 19, 2018, SCANA was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 7.0x. Its five-year historical average multiple is 10.0x. SCANA stock appears to be trading at a discounted valuation to its historical average.
South Carolina–based SCANA Corporation (SCG) stock fell more than 3.0% on April 19 after its deal with Dominion Energy (D) hit another setback. SCANA has lost more than 45.0% after it abandoned a half-constructed nuclear power project last year. Dominion Energy, the third-largest utility by market capitalization, announced its agreement to buy SCANA for $7.9 billion early this year.
Analysts expect Richmond-based Dominion Energy (D) to report earnings of $1.06 per share for the quarter ended on March 31, 2018. In the comparable quarter last year, it reported earnings of $0.97 per share. The estimates represent an increase of more than 9% in its per-share earnings year-over-year.
Dominion Energy’s (D) ongoing merger with SCANA (SCG) hit another roadblock recently. According to a Bloomberg report dated April 19, 2018, the South Carolina state senate voted to reduce the money SCANA can collect from the ratepayers for a now-abandoned nuclear power project. Dominion Energy had earlier warned it would call off the deal if it’s prevented from recovering nuclear project costs from ratepayers.
NEW YORK, April 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Dominion Energy Inc.’s $7.9 billion takeover of troubled utility-owner Scana Corp. is looking even less likely to happen after a bill passed by South Carolina legislators late Wednesday.
On April 13, 2018, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was 15%—close to its 15-day average. The SPDR S&P 500’s implied volatility was also close to 16%—lower than its 15-day average of 18%.
US utility stocks have been sluggish for the last few months. Utilities that are sensitive to the interest rate have been on a downward streak since December 2017 mainly due to tax reforms, rate hikes, and valuation concerns. Utilities continued their downtrend last week. The Utilities Select Sector SPDR ETF (XLU) fell more than 1%, while broader markets rose more than 2% during the week.
COLUMBIA, S.C., April 17, 2018 /PRNewswire/ -- South Carolina could see more than $18.7 billion in increased economic output from the proposed merger of Dominion Energy, Inc. (NYSE:D), with SCE&G and its corporate parent, SCANA Corporation (SCG), according to a new study done by one of the state's leading economists. The benefits come from Dominion Energy's plan to provide direct cash payments and lower electric rates to SCE&G electric customers as well as the additional benefits created as the cash payments and customer savings work their way into the South Carolina economy.
A third interstate natural gas pipeline is now proposed for the state as PSNC Energy will be the anchor customer for a project to run the Mountain Valley Pipeline to North Carolina.
South Carolina's state-owned utility says it wants a say in whether its partner in building two failed nuclear plants can merge with a Virginia utility. In a filing Thursday, Santee Cooper says it hasn't ...
CAYCE, S.C. , April 12, 2018 /PRNewswire/ -- SCANA Corporation (NYSE:SCG) will release its first quarter 2018 earnings on Thursday, April 26, 2018 , before the market opens. Due to the pending combination ...