November 28, 2016 - By Darrin Black · 0 Comments
South Carolina Electric & Gas Co (NYSE:SCG) institutional sentiment decreased to 1.06 in 2016 Q2. Its down -0.02, from 1.08 in 2016Q1. The ratio has dropped, as 204 active investment managers opened new or increased equity positions, while 189 decreased and sold their holdings in South Carolina Electric & Gas Co. The active investment managers in our partner’s database now possess: 90.73 million shares, down from 93.00 million shares in 2016Q1. Also, the number of active investment managers holding South Carolina Electric & Gas Co in their top 10 equity 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 $10.52 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 18.23 P/E ratio. It operates through divisions, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.
About 222,843 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 $135.02M for 19.48 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 -5.70% below today’s ($72.46) 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. The firm has “Buy” rating by Mizuho given on Monday, February 8. The stock of SCANA Corporation (NYSE:SCG) has “Outperform” rating given on Thursday, October 29 by Macquarie Research. The firm has “Underweight” rating given on Wednesday, June 15 by Morgan Stanley. The firm has “Hold” rating by Zacks given on Saturday, August 15. On Tuesday, June 14 the stock rating was maintained by Mizuho with “Buy”.
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 Darrin Black