SCANA (SCG) Upgraded by ValuEngine to “Buy”
SCANA (NYSE:SCG) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Other analysts have also issued research reports about the stock. Edward Jones upgraded shares of SCANA from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of SCANA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Mizuho restated a “hold” rating and set a $46.50 target price on shares of SCANA in a research report on Thursday, January 11th. Wells Fargo & Co lowered shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price on the stock. in a research report on Friday, January 5th. Finally, Guggenheim upgraded shares of SCANA from a “sell” rating to a “neutral” rating in a research report on Thursday, November 16th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. SCANA currently has an average rating of “Hold” and an average target price of $52.06.
Shares of SCANA (NYSE SCG) opened at $39.65 on Thursday. SCANA has a 1 year low of $34.76 and a 1 year high of $71.28. The stock has a market cap of $5,671.30, a P/E ratio of -47.77, a P/E/G ratio of 3.70 and a beta of 0.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.73 and a current ratio of 0.88.
Institutional investors and hedge funds have recently made changes to their positions in the business. Willingdon Wealth Management acquired a new position in shares of SCANA in the 3rd quarter valued at $112,000. Amica Retiree Medical Trust boosted its holdings in shares of SCANA by 219.1% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 1,849 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of SCANA in the 4th quarter valued at $109,000. Dupont Capital Management Corp boosted its holdings in shares of SCANA by 241.1% in the 4th quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Taylor Hoffman Wealth Management acquired a new position in shares of SCANA in the 4th quarter valued at $167,000. Institutional investors own 64.10% of the company’s stock.
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SCANA Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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