November 28, 2016 - By Ellis Scott · 0 Comments
Scana Corp (NYSE:SCG) institutional sentiment decreased to 1.06 in Q2 2016. Its down -0.02, from 1.08 in 2016Q1. The ratio is negative, as 204 institutional investors started new or increased positions, while 189 reduced and sold their equity positions in Scana Corp. The institutional investors in our partner’s database now have: 90.73 million shares, down from 93.00 million shares in 2016Q1. Also, the number of institutional investors holding Scana Corp in their top 10 positions decreased from 9 to 7 for a decrease of 2. Sold All: 42 Reduced: 147 Increased: 153 New Position: 51.
SCANA Corporation is a holding company. The company has a market cap of $10.51 billion. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It has a 18.21 P/E ratio. It operates through divisions, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.
About 220,572 shares traded hands. SCANA Corporation (NYSE:SCG) has risen 6.16% since April 25, 2016 and is uptrending. It has outperformed by 0.15% the S&P500.
Analysts await SCANA Corporation (NYSE:SCG) to report earnings on February, 16. They expect $0.93 EPS, up 12.05% or $0.10 from last year’s $0.83 per share. SCG’s profit will be $135.04 million for 19.46 P/E if the $0.93 EPS becomes a reality. After $1.32 actual EPS reported by SCANA Corporation for the previous quarter, Wall Street now forecasts -29.55% negative EPS growth.
According to Zacks Investment Research, “SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. SCANA’s subsidiaries serve electric customers in South Carolina, North Carolina and Georgia.”
Electron Capital Partners Llc holds 4.8% of its portfolio in SCANA Corporation for 256,970 shares. Reaves W H & Co Inc owns 1.66 million shares or 4.37% of their US portfolio. Moreover, Lvm Capital Management Ltd Mi has 3.46% invested in the company for 158,230 shares. The Florida-based Edmp Inc. has invested 3.44% in the stock. Denali Advisors Llc, a California-based fund reported 236,800 shares.#img1#
Ratings analysis reveals 33% of SCANA’s analysts are positive. Out of 3 Wall Street analysts rating SCANA, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $61 while the high is $84. The stock’s average target of $68.33 is -5.60% below today’s ($72.38) share price. SCG was included in 8 notes of analysts from August 15, 2015. Mizuho maintained the shares of SCG in a report on Friday, October 28 with “Buy” rating. Zacks downgraded the shares of SCG in a report on Saturday, August 15 to “Hold” rating. The rating was upgraded by Macquarie Research on Thursday, October 29 to “Outperform”. Mizuho upgraded the stock to “Buy” rating in Monday, February 8 report. The firm has “Buy” rating by Mizuho given on Tuesday, June 14. The rating was downgraded by Morgan Stanley on Wednesday, June 15 to “Underweight”.
SCANA Corporation, incorporated on October 1, 1984, is a holding company. The Company, through its subsidiaries, is engaged in operations, including generation, transmission, distribution and sale of electricity and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. The Firm operates through divisions, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other. The Electric Operations segment generates, transmits and distributes electricity. The Gas Distribution segment, consists of local distribution activities of South Carolina Electric & Gas Company (SCE&G) and Public Service Company of North Carolina, Incorporated (PSNC Energy), 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 in the Southeast. All Other consists of the holding firm and its other direct and indirect subsidiaries, which conduct non-regulated, energy-related operations.
More important recent SCANA Corporation (NYSE:SCG) news were published by: Prnewswire.com which released: “SCANA Corporation to Announce Third Quarter 2016 Financial Results on October …” on October 06, 2016, also Seekingalpha.com published article titled: “SCANA Corporation (SCG) Q2 2016 Results – Earnings Call Transcript”, Prnewswire.com published: “SCANA Reports Financial Results for Third Quarter 2016” on October 27, 2016. More interesting news about SCANA Corporation (NYSE:SCG) was released by: Seekingalpha.com and their article: “SCANA Corporation – A Fairly Valued Utility Stock, For Now” with publication date: October 24, 2016.
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By Ellis Scott