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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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LYV

Live Nation

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XLE

Energy Select Sector SPDR

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General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

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iShares Silver Trust

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

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GDOT

Green Dot

$85.04

0.37 (0.44%)

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SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

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BA

Boeing

$346.44

0.55 (0.16%)

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Boeing awarded $152.5M U.S. Navy contract »

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BA

Boeing

$346.44

0.55 (0.16%)

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
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L3 Technologies awarded $240M Defense Department contract »

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

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Breaking Syndicate news story on Histogenics »

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
08/17/18
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16:58
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16:58
Conference/Events
DCT Industrial to host special shareholder meeting »

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PLD

Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

16:56
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Westlake Chemical expands share repurchase program by $150M »

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SM

SM Energy

$27.38

0.17 (0.62%)

16:55
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SM Energy analyst commentary at MUFG »

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  • 19

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PENN

Penn National

$33.04

0.86 (2.67%)

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FB

Facebook

$173.78

-0.98 (-0.56%)

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U.S. wants Facebook to help wiretap Messenger for criminal probe, Reuters says »

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WLK

Westlake Chemical

$95.61

-1.33 (-1.37%)

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Westlake Chemical raises quarterly dividend 19% to 25c per share »

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EAST

Eastside Distilling

$7.40

-0.01 (-0.13%)

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Breaking Syndicate news story on Eastside Distilling »

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LOV

Spark Networks

$12.80

-0.095 (-0.74%)

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Syndicate
Spark Networks files to sell 515,416 ordinary shares for holders »

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AHPA

Avista Healthcare Public Acquisition Corp.

$10.12

(0.00%)

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Avista Healthcare Public Acquisition Corp., Organogenesis announce combination »

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TCF

TCF Financial

$25.84

0.17 (0.66%)

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TCF Financial COO sells 77,725 common shares »

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LGF.A

Lionsgate

$22.95

-0.11 (-0.48%)

16:38
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Recommendations
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Breaking General news story  »

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MSL

MidSouth Bancorp

$14.90

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EME

EMCOR

$77.96

1.005 (1.31%)

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16:30
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Options
Preliminary option volume of 22.3M today »

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