Among regulated utilities, FBR Capital says their top pick is Pacific Gas & Electric Co. (NYSE:PCG), and right behind them SCANA Corporation (NYSE:SCG).
Responding to questions on whether or not regulated utilities expensive to the S&P, FBR said, "A recurring question comes up during client meetings: Are regulated utilities expensive to the S&P? This question is particularly relevant now. Regulated utilities are trading at a forward P/E multiple of approximately 13x, a premium to the S&P trading at approximately 12x. This represents a relative P/E ratio for
utilities of 1.1x the S&P, which is high relative to the historical
average of 0.76x...Within the regulated group, we currently favor PG&E
(FBR Top Pick) and SCANA. These two companies have the best earnings
growth prospects, in our view, and are currently trading at a discount
to other regulated peers. They also happen to be among the least
interest-rate sensitive within our coverage universe."
PG&E closed the week at $45.82, gaining $0.60 on Friday, or 1.33 percent. SCANA closed at $40.45, up $0.78 on Friday, or 1.97 percent.
Volume for both companies was down in comparison to the 3-month daily average.
Showing posts with label Scana. Show all posts
Showing posts with label Scana. Show all posts
Monday, September 27, 2010
Friday, March 12, 2010
Scana (NYSE:SCG) and Mandated Environmental Improvements
Scana Electric Rate Increases
The need for Scana (NYSE:SCG) to increase its electricity rates by a huge 9.5 percent underscores the outrageous environmental requirements mandated by law which the consumer always has to pay for.
Hearings are set in this case with a subsidiary of Scana, South Carolina Electric and Gas Co. (SCE&G), which serves the South Carolina market
Politicians always try to hide behind their radical environmental agendas at times like these, transferring the pressure to the providers of energy who are perceived as the culprits in the situation when rates are raised, when if fact it's politicians with their agendas who are harming the average person on the street who has to pay for their endless regulations and folly.
Scana Electric Rate Increases
The need for Scana (NYSE:SCG) to increase its electricity rates by a huge 9.5 percent underscores the outrageous environmental requirements mandated by law which the consumer always has to pay for.
Hearings are set in this case with a subsidiary of Scana, South Carolina Electric and Gas Co. (SCE&G), which serves the South Carolina market
Politicians always try to hide behind their radical environmental agendas at times like these, transferring the pressure to the providers of energy who are perceived as the culprits in the situation when rates are raised, when if fact it's politicians with their agendas who are harming the average person on the street who has to pay for their endless regulations and folly.
Scana Electric Rate Increases
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