Start of Regulatory Hearings Gives Us Confidence in Scana-Dominion Merger Approval
We are reaffirming our $56 fair value estimate for Scana and our $84 fair value estimate for Dominion Energy after the first week of South Carolina regulatory hearings that will determine the fate of Dominion's proposed acquisition. We are reaffirming our moat and moat trend ratings for both companies. We consider Scana a favorable risk-reward opportunity, with the stock trading at a 17% discount to the implied acquisition value and 27% discount to fair value as of Nov. 7.Testimony during the f...
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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