Analyst Rating Update on Scana Corporation (SCG)

Scana Corporation (NYSE:SCG) : Zacks Investment Research ranks Scana Corporation (NYSE:SCG) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.04, which indicates as a Buy.

Scana Corporation (NYSE:SCG) : The highest short term price target forecast on Scana Corporation (NYSE:SCG) is $84 and the lowest target price is $61. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $70.25 with a standard deviation of $9.78.

Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley downgrades their rating on the shares of Scana Corporation (NYSE:SCG). The current rating of the shares is Underweight. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on June 15, 2016.

Scana Corporation (NYSE:SCG): stock turned positive on Tuesday. Though the stock opened at $73.36, the bulls momentum made the stock top out at $73.94 level for the day. The stock recorded a low of $72.5105 and closed the trading day at $73.94, in the green by 0.75%. The total traded volume for the day was 982,879. The stock had closed at $73.39 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Harris Don Russell, officer (SCANA Senior VP/SCEG President) of Scana Corp, had unloaded 2,500 shares at an average price of $65.27 in a transaction dated on February 26, 2016. The total value of the transaction was worth $163,175.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, 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 other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.