Posts for Ticker ‘SCG’

A Massive Expansion Of Nuclear Projects?

oil

Fresh support among Republican senators for a massive expansion of nuclear projects is unlikely as proposed, but it’s an indication of the concessions needed for Democrats to pass their energy reform bill.

That could be a boon for companies including NRG Energy Inc. (NYSE: NRG), Scana Corp. (NYSE: SCG) and Southern Co. (NYSE: SO), all of which are working on next-generation nuclear reactors they hope to start building by as soon as 2011.

They are likely to become the next trendy energy plays, now that T. Boone Pickens’ idea for the world’s largest wind farm has blown over. Read More »

Posted on: July 13, 2009 – 1:44 pm in Alternative Energy, Green Biz, , ,

Analyst Looks More Positive on Utilities (AEP, DUK, EXC, PCG, PEG, UTL, XEL, ED, FPL, PNW, PGN, SCG, SO, IDU)

Power Lines ImageOppenheimer is making a new call in the utility sector.  It looks a bit mixed between positive and somewhat cautious calls this morning, but it is important to note that many of these utilities are still in the lower half of the trading range of their last 52-weeks and some are significantly off of highs.

The new OUTPERFORM rated stocks are American Electric Power Co., Inc. (NYSE: AEP), Duke Energy Corporation (NYSE: DUK), Exelon Corporation (NYSE: EXC), PG&E Corp. (NYSE: PCG), Public Service Enterprise Group Inc. (NYSE: PEG), UNITIL Corporation (NYSE: UTL), Xcel Energy Inc. (NYSE: XEL).

Read More »

Posted on: June 30, 2009 – 7:39 am in Analyst Calls, Utilities, , , , , , , , , , , , , ,

New Nukes for Florida (PGN, SGR, SCG)

Nuclear_power_picWestinghouse Electric, a subsidiary of Japan’s Toshiba Corporation, has signed an engineering, procurement, and construction contract with the Florida subsidiary of Progress Energy, Inc. (NYSE:PGN) to build two new nuclear power plants in Florida. The Shaw Group, Inc. (NYSE:SGR) will partner with Westinghouse on the contract.

Read More »

Posted on: January 6, 2009 – 9:10 am in Nuclear, Utilities, , ,

SCANA Added to S&P 500, Celebrates by Issuing New Shares (SCG, JPM)

Cammonopoly_wideweb__430x3250_2 SCANA Corporation (NYSE:SCG), a producer and marketer of electricity, will be added to the Standard & Poor’s 500 Index after the market closes on December 31st. To celebrate the occasion, SCANA is offering 2 million new, registered shares. The company plans to use the funds to finance its capital expenditures and for general corporate purposes. Morgan Stanley & Company, a subsidiary of JP Morgan Chase & Company (NYSE:JPM), is the book-runner.

This is a pretty shrewd move. The offering has not been priced yet, but the stock is trading around $35/share with about 117 million shares outstanding. The new offering doesn’t dilute existing shares much, and provides a nice fund to bolster earnings next year by limiting the amount of cash or borrowing the company will have to use to pay for capex.

The state’s energy regulators have tied annual rate increases to improved infrastructure, and SCANA has taken advantage of the ruling. The company benefited from a rate increase in November that sets SCANA’s allowed return at 10.6% for one of its South Carolina operations, and 10.25% for another.

The stock is trading down about 1% this morning, about 20% off its 52-week high. SCANA reiterated its full-year guidance in October, and expects EPS of $2.90-$3.05 per share for 2008.

Paul Ausick

Posted on: December 29, 2008 – 2:25 pm in IPOs, ,

Top Pre-Market Analyst Downgrades (ADBE, AGU, CMI, INTU, MOS, NST, PENN, CRM, SCG, SGP, SYMC, TEX, XRTX)

These are the top analyst downgrade calls we are seeing this Friday morning with two hours to the open:

  • Adobe Systems (ADBE) Cut to Sell at UBS.
  • Agrium (AGU) Cut to Hold at Canaccord.
  • Cummins Inc. (CMI) Cut to Market Perform at Wachovia.
  • Intuit (INTU) Cut to Sell at UBS.
  • Mosaic (MOS) Cut to Hold at Canaccord.
  • Nstar (NST) Cut to Neutral at Merrill Lynch.
  • Penn National Gaming (PENN) Cut to Hold at Deutsche Bank.
  • Salesforce.com (CRM) Cut to Sell at UBS.
  • Scana (SCG) Cut to Underperform at Merrill Lynch.
  • Schering-Plough (SGP) Cut to Underperform at Merrill Lynch.
  • Symantec (SYMC) Cut to Neutral at UBS.
  • Terex Corp. (TEX) Cut to Market Perform at Wachovia.
  • Trimble Navigation (TRMB) Cut to Perform at Oppenheimer.
  • Xyratex (XRTX) Cut to Market Perform at FBR.

Jon C. Ogg
October 3, 2008

Posted on: October 3, 2008 – 6:38 am in Analyst Calls, , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ASMI, BWA, CCL, RCL, EMC, SSP, MWA, NSM, NST, SCG, WBMD)

These are ten of the analyst calls we are focusing on early this Wednesday morning in pre-market trading:

  • ASM Intl NV (NASDAQ: ASMI) raised to Buy at Jefferies.
  • BorgWarner (NYSE: BWA) Raised to Overweight from Equalweight at Lehman.
  • Carnival (NYSE: CCL) and Royal Caribbean (RCL) were both Downgraded to Hold from Buy at ABN AMRO.
  • EMC Corp (NYSE: EMC) cut to Neutral at Bernstein.
  • EW Scripps (NYSE: SSP) raised to Outperform at Bear Stearns.
  • Mueller Water Products (NYSE: MWA) Raised to Outperform from Neutral at Baird.
  • National Semi (NYSE: NSM) raised to Buy at Deutsche Bank.
  • NStar (NYSE: NST) Cut to Sell from Neutral at Goldman Sachs.
  • Scana Corp. (NYSE: SCG) Cut to Sell from Neutral at Goldman Sachs.
  • WebMD Health (NASDAQ: WBMD) Cut to Sell from Neutral at Goldman Sachs.

Jon C. Ogg
June 18, 2008

Posted on: June 18, 2008 – 6:37 am in Analyst Calls, , , , , , , , , , ,