Scana Corporation (SCG) : Analyst Rating Update

Scana Corporation (SCG) : 4 brokerage houses believe that Scana Corporation (SCG) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Scana Corporation (SCG). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.04.

Scana Corporation (SCG) : The consensus price target for Scana Corporation (SCG) is $70.25 for the short term with a standard deviation of $9.78. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $84, however, the pessimist price target for the company is $61.

Scana Corporation (NYSE:SCG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.00 and $75.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.12, notching a gain of 0.11% for the day. The total traded volume was 1,952,916 . The stock had closed at $76.04 on the previous day.

Also, Morgan Stanley downgrades its rating on Scana Corporation (NYSE:SCG). Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on June 15, 2016. The company shares have rallied 42.16% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $76.41 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $71.13 and the 200 Day Moving Average price is recorded at $67.16.

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.

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