Report
Travis Miller
EUR 101.80 For Business Accounts Only

Headlines Keep Flying But Thesis Intact For Scana

We are reaffirming our $64 fair value estimate and narrow moat and stable moat trend ratings for Scana after developments this week that could shape the political and regulatory landscape as Scana tries to recover the $5 billion it has invested in the abandoned V.C. Summer nuclear plant.
Scana remains the cheapest U.S. utility we cover as of early November. We think the market is overly discounting the financial consequences of Scana's abandonment decision. Our downside fair value estimate remai...
Underlying
SCANA Corporation

SCANA is a holding company. Through its regulated subsidiaries, the company is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through its non-regulated subsidiary, the company markets natural gas to retail customers in Georgia and to wholesale customers in the southeast. In addition, the company's subsidiary, SCANA Services, Inc. provides primarily administrative and management services to the company's other subsidiaries.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Travis Miller

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