SCANA Expects Hurricane Florence to Hit Its Service Area

Various market performance charts

South Carolina Electric & Gas (SCE&G), an affiliate of SCANA CorporationSCG , alerted its customers of Hurricane Florence.

The company announced that its service territory might face flooding along with strong wind and heavy rains. This will likely lead to continued outage of electricity, SCE&G warned.

SCE&G is preparing to deal with the expected outages with 2,900 personnel. In fact, the company is well placed to face such severe event with its extensive overhead and underground distribution lines which spread across 18,000 miles.

The company added that along with safety of customers, employees' security is also paramount to it. If there are outages, the restoration work will start immediately after ensuring the crews' safety.

Based in Cayce, SC, SCANA is primarily engaged in generating and distributing electricity to thousands of customers. However, the stock slipped 40.1% over the past year, underperforming the industry's 5.3% decline.

SCANA currently carries a Zacks Rank #3 (Hold). Meanwhile, a few better-ranked players in the energy space are TC PipeLines LP TCP , Petroleo Brasileiro S.A. or Petrobras PBR and Helix Energy Solutions Group, Inc. HLX , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

TC PipeLines has an average positive earnings surprise of 3.7% for the last four quarters.

Petrobras' bottom line beat the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 10.4%.

Helix Energy's earnings exceeded the consensus mark in three of the last four quarters, the average earnings surprise being 66.7%.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SCANA Corporation (SCG): Free Stock Analysis Report

TC PipeLines, LP (TCP): Free Stock Analysis Report

Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report

Helix Energy Solutions Group, Inc. (HLX): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More