Management Meeting: Long-Term Investors Could See Big Dividend Growth From Scana
We are reaffirming our $56 fair value estimate for Scana, along with our narrow moat and stable moat trend ratings, after meeting with senior management at the Edison Electric Institute Financial Conference in Phoenix, Arizona.With its new nuclear project entering the final few years, the key question for investors is what Scana will do with the jump in free cash flow we expect starting as early as 2020. We think management will most likely set a path toward a dividend payout ratio near 70%, up...
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.
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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.
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