|Bid||40.03 x 100|
|Ask||40.06 x 200|
|Day's Range||39.77 - 40.13|
|52 Week Range||33.61 - 68.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||0.49 (1.25%)|
|1y Target Est||39.39|
Electric Utilities companies are engaged in electricity generation and distribution for sale generally in a regulated market. On Wednesday, shares in Phoenix, Arizona headquartered Pinnacle West Capital Corp. recorded a trading volume of 923,220 shares, which was above their three months average volume of 898,420 shares.
The merger of Dominion Energy (D) and SCANA Corporation (SCG) moved a step closer toward completion with the approval from FERC.
According to Wall Street analysts’ estimates, NRG Energy (NRG) stock has a mean price target of $38.31 compared to its current market price of $30.67. NRG Energy has the highest “buy” ratings of 88% of the eight analysts tracking it. Elliott Management, an activist shareholder in NRG Energy, exited its position in the first quarter according to the 13F filing.
Brookfield Infrastructure (BIP) to further expand its footprint in natural gas gathering and processing business via acquisition of the Canadian Midstream Business from Enbridge.
Although utilities have shown a solid uptrend recently, their performance so far this year has been poor. Broader utilities (XLU), on average, have returned close to 2%. We’ve considered both stock appreciation and dividends paid YTD (year-to-date). Southern Company’s (SO) total return has come in at -1% YTD.
The S&P 500’s top gainers on July 3 were: SCANA (SCG) gained 4.05%. Albemarle (ALB) gained 3.36%. CenturyLink (CTL) gained 3.08%. Marathon Oil (MRO) gained 2.95%. Apache (APA) gained 2.46%. SCANA
According to Wall Street analysts’ consensus, AES (AES) has a mean target price of $13.2—compared to its current market price of $13.5, which indicates a potential downside of more than 2% in a year.
In this part, we’ll look at broader markets’ and sectors’ returns so far this year, considering stock appreciation and dividends. This year, utilities (XLU) have returned a mere 1.2%, while the technology sector leads the pack despite a recent pullback and has returned more than 8%. The energy sector has returned ~5%, and broader markets have returned ~1.8%.
Corp. sued the South Carolina government for a court order restoring electricity rates that were scaled back in the political fallout surrounding a $9 billion nuclear project failure. Scana utility subsidiary South Carolina Electric & Gas Co. sued the state in Columbia, S.C., federal court over legislation cutting 15% of customers’ power bills and putting Scana shareholders on the hook for the costs of the scuttled V. C. Summer nuclear reactors. Scana and its partner, state-owned utility Santee Cooper, are battling over who should pay back billions of dollars in debt that financed the half-finished facility: them or their customers.
SCANA (SCG) shares rose 4.7% on June 28 after the utility cut its quarterly dividend 80%. For the second quarter, SCANA will pay a dividend of $0.124 per share to shareholders of record on July 10. The company paid a dividend of $0.613 per share in the previous quarter. Based on the reduced dividend, SCANA’s yield is 1.3%—compared to its current yield of 6.4%.
Corp. slashed its dividend by 80% on Thursday after South Carolina lawmakers voted to take ratepayers off the hook temporarily for billions of dollars in debt related to a failed nuclear project. The Cayce, S.C.-based power utility said it lowered its quarterly shareholder payouts to 12.37 cents per share from 61.25 cents per share to “preserve its options” amid a standoff with the legislature over who should pay back the debt that financed Scana’s majority stake in the V.C. Summer nuclear project. ’s desk on Wednesday that cuts bills for Scana customers by $31 million a month until state utility regulators rule on the company’s request to recover most of the money it sunk into the now-abandoned nuclear facility.
Leading merchant power player NRG Energy (NRG) is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation of 10.8x against its five-year historical average valuation of 11x. NRG Energy stock seems to be trading at a marginally discounted valuation compared to its historical average. It is currently trading at a PE (price-to-earnings) multiple of 10.4x.
The S&P 500’s top gainers on June 25 were: Campbell Soup (CPB) gained 9.4% Scana (SCG) gained 3.8% FirstEnergy (FE) gained 3.2% Xcel Energy (XEL) gained 3% Kimberly-Clark (KMB) gained 2.9% Campbell Soup
NEW YORK, NY / ACESSWIRE / June 26, 2018 / U.S. equities plunged on Monday, as indexes posted their biggest one-day decline in week, as fresh threats from President Trump added to the uncertainties of ...
South Carolina public utility Santee Cooper asked the state’s highest court on Monday for help avoiding bankruptcy by collecting more than $4 billion from customers for a failed nuclear project. Santee Cooper sought authorization from the South Carolina Supreme Court to put more than 2 million power consumers on the hook for paying back debt that financed the botched V.C. Summer Nuclear Station. Corp., abandoned the half-built nuclear project last year after construction contractor Westinghouse Electric Co. collapsed into bankruptcy.
This high-yield stock looks like it could soon stop paying a dividend, but here's one that is still paying and working to grow its distribution.
SCANA's (SCG) principal subsidiary - SCE&G - files for overall cut in retail natural gas base rates of $22.6 million under the Rate Stabilization Act.
NEW YORK, June 15, 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 Ichor ...
Today's research reports on WallStEquities.com are focused on four Electric Utilities stocks, particularly: Hawaiian Electric Industries Inc. (NYSE: HE), Pinnacle West Capital Corp. (NYSE: PNW), Portland General Electric Co. (NYSE: POR), and SCANA Corp. (NYSE: SCG). According to a First Research report last April 2018, the global electricity industry generates about 23 trillion kilowatt hours of electricity.
SCANA is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income andRead More...