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SCG

Scana

$40.00

-2.205 (-5.22%)

16:29
08/07/18
08/07
16:29
08/07/18
16:29

SCE&G to appeal Federal Court denial of Preliminary Injunction

South Carolina Electric & Gas Company, a subsidiary of SCANA Corporation, announced that it will appeal the Order of the United States District Court for the District of South Carolina denying SCE&G's Motion for Preliminary Injunction regarding implementation of Act 258. Act 258 is the South Carolina law enacted in late June which has resulted in a temporary reduction of SCE&G's retail electric rates by approximately 15% retroactive to April 1, 2018. In addition, among other things, Act 258 supplies definitions of key terms under the Base Load Review Act that would heighten the evidence required to establish SCE&G's ability to recover its costs associated with the new nuclear project. In connection with its appeal, SCE&G will be seeking expedited consideration from the United States Court of Appeals for the Fourth Circuit.

SCG Scana
$40.00

-2.205 (-5.22%)

04/26/18
WILL
04/26/18
UPGRADE
WILL
Hold
Scana upgraded to Hold from Sell at Williams Capital
05/29/18
WILL
05/29/18
DOWNGRADE
WILL
Sell
Scana downgraded to Sell from Hold at Williams Capital
06/29/18
MZHO
06/29/18
UPGRADE
Target $46
MZHO
Buy
Scana upgraded to Buy from Neutral at Mizuho
Mizuho analyst Paul Fremont upgraded Scana to Buy with an unchanged price target of $46. The shares, which reflect the 15% mandated rate reduction by the South Carolina legislature, offer "good value," Fremont tells investors in a research note. The analyst sees significant upside potential should Scana be successful in challenging the rate cut at the Supreme Court. Mizuho believes the company also has a strong case for the circuit court to issue a temporary stay, Fremont points out.
08/07/18
MZHO
08/07/18
DOWNGRADE
Target $43
MZHO
Neutral
Scana downgraded to Neutral from Buy at Mizuho
Mizuho analyst Paul Fremont downgraded Scana to Neutral and lowered his price target for the shares to $43 from $45. The federal court ruling signals the company is unlikely to win the case challenging Act 287 on the merits, given the conclusion of the judge that the company cannot establish a property interest in the V.C. Summer project until after the PSC proceeding, Fremont tells investors in a research note titled "Law & Order: Crime Scene."

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IPG

Interpublic Group

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-0.14 (-0.58%)

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SURF

Surface Oncology

$8.31

0.11 (1.34%)

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FLR

Fluor

$44.56

-0.465 (-1.03%)

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Fluor call volume above normal and directionally bullish »

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NYT

New York Times

$26.07

-0.275 (-1.04%)

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New York Times 'stands by' North Korea story criticized by President Trump »

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RBBN

Ribbon Communications

$5.04

-1.6 (-24.10%)

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SA

Seabridge Gold

$11.74

-0.21 (-1.76%)

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RBBN

Ribbon Communications

$4.98

-1.66 (-25.00%)

15:32
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SPOT

Spotify

$132.00

0.49 (0.37%)

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Apple

$193.20

-0.955 (-0.49%)

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Spotify launches Apple Watch app, missing major features, Gizmodo says »

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SPOT

Spotify

$132.00

0.49 (0.37%)

AAPL

Apple

$193.20

-0.955 (-0.49%)

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BL

BlackLine

$40.64

-0.01 (-0.02%)

15:25
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Conference/Events
BlackLine to host analyst day »

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NEPT

Neptune Wellness

$3.31

-0.03 (-0.90%)

15:19
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Options
Neptune Technologies options imply 19.0% move in share price post-earnings, above median historical move »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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AMRN

Amarin

$15.73

-4.1 (-20.68%)

15:16
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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HD

Home Depot

$179.85

0.34 (0.19%)

15:16
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Recommendations
Home Depot analyst commentary  »

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  • 13

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FB

Facebook

$142.51

0.99 (0.70%)

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  • 28

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THC

Tenet

$23.33

-2.39 (-9.29%)

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$2M call buy in Tenet Healthcare as shares lose 9% »

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  • 13

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General news
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AMC

AMC Entertainment

$15.49

0.3 (1.98%)

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AAWW

Atlas Air

$55.19

2.03 (3.82%)

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WIX

Wix.com

$90.46

1.99 (2.25%)

15:04
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Options
Wix.com options imply 18.0% move in share price post-earnings, above median historical move »

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ECA

Encana

$8.10

-0.31 (-3.69%)

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Options
Encana option volume hits year high as shares touch year lows »

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QRVO

Qorvo

$63.45

-0.35 (-0.55%)

, AAPL

Apple

$193.43

-0.725 (-0.37%)

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Recommendations
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QRVO

Qorvo

$63.45

-0.35 (-0.55%)

AAPL

Apple

$193.43

-0.725 (-0.37%)

LITE

Lumentum

$38.92

1.415 (3.77%)

SWKS

Skyworks

$72.16

-0.61 (-0.84%)

CRUS

Cirrus Logic

$37.63

1.99 (5.58%)

AVGO

Broadcom

$224.39

0.84 (0.38%)

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QRVO

Qorvo

$63.36

-0.44 (-0.69%)

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Apple

$193.50

-0.655 (-0.34%)

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QRVO

Qorvo

$63.36

-0.44 (-0.69%)

AAPL

Apple

$193.50

-0.655 (-0.34%)

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AMRS

Amyris

$6.05

0.19 (3.24%)

14:49
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Options
Amyris options imply 19.1% move in share price post-earnings, above median historical move »

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