Scana Corporation (SCG) : Traders are bullish on Scana Corporation (SCG) as it has outperformed the S&P 500 by a wide margin of 1.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.6%, relative to the S&P 500. The stock has risen by 4.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.91% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 0.51%.The 200 Day SMA reached 7.35% SCANA Corp. is up 1.5% in the last 3-month period. Year-to-Date the stock performance stands at 21.89%.
Scana Corporation (SCG) : The highest level Scana Corporation (SCG) is projected to reach is $84 for the short term and the lowest estimate is at $61. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $72.6 and the possibility the share price can swing is $8.65.
Company shares have received an average consensus rating of Hold for the current week Scana Corporation (NYSE:SCG): The stock opened at $70.72 and touched an intraday high of $72 on Friday. During the day, the stock corrected to an intraday low of $70.18, however, the bulls stepped in and pushed the price higher to close in the green at $71.92 with a gain of 1.40% for the day. The total traded volume for the day was 1,213,368. The stock had closed at $70.93 in the previous trading session.
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.