|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.75 - 36.80|
|52 Week Range||34.76 - 71.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||2.45 (6.74%)|
|1y Target Est||39.06|
SCANA Corporation (SCG) and Dominion Energy (D) both dug a deep hole in investors’ pockets in the 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. It is currently trading 6% lower to its 50-day and 23% lower to its 200-day moving average levels.
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% on April 19 after its deal with Dominion Energy (D) hit another setback. SCANA has lost more than 45% 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 ...
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.
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 ...
On April 6, 2018, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was ~16%—marginally higher than its 15-day average. The SPDR S&P 500’s implied volatility was close to 18%—higher than its 15-day average of 16%.
US utilities stocks were better compared to broader markets amid trade war concerns. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, fell 0.2%, while broader markets fell 1.3% last week. Investors turned to safe-haven utilities due to their premium dividend yields and stable stock movements amid increased volatility in broader markets.
US utilities seem to be at a critical juncture at the moment. Both have a reasonably large exposure to competitive operations unlike regulated utilities such as Southern Company (SO) and Duke Energy (DUK). Florida-based NextEra Energy stock has been on a notable uptrend in the last few months and it is currently trading close to its 52-week high.
The stock of merchant power player NRG Energy (NRG) has been on a notable uptrend recently. NRG Energy stock has been topping the charts for the last year since the involvement of activist shareholders. NRG Energy stock offers a potential upside of 16% for the next year.