Scana Corporation (NYSE:SCG) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

A number of other research firms have also recently weighed in on SCG. Morgan Stanley dropped their price objective on shares of Scana Corporation from $70.00 to $67.00 and set an “underweight” rating on the stock in a report on Tuesday, July 11th. BidaskClub cut shares of Scana Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Mizuho reaffirmed an “underperform” rating and issued a $63.00 price objective on shares of Scana Corporation in a report on Friday, July 7th. Zacks Investment Research cut shares of Scana Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $67.00 price objective (down previously from $70.00) on shares of Scana Corporation in a report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Scana Corporation has a consensus rating of “Hold” and an average target price of $72.14.

Shares of Scana Corporation (SCG) traded up 0.65% during mid-day trading on Thursday, hitting $64.72. 507,763 shares of the stock traded hands. Scana Corporation has a 12-month low of $63.18 and a 12-month high of $75.92. The firm’s 50 day moving average price is $67.53 and its 200-day moving average price is $67.77. The stock has a market cap of $9.25 billion, a P/E ratio of 15.69 and a beta of 0.26.

Scana Corporation (NYSE:SCG) last released its quarterly earnings data on Thursday, April 27th. The utilities provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.18. Scana Corporation had a return on equity of 10.35% and a net margin of 13.93%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $1.23 EPS. The firm’s revenue was up .1% on a year-over-year basis. Analysts predict that Scana Corporation will post $4.19 earnings per share for the current year.

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In related news, VP Martin K. Phalen sold 42,023 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $65.49, for a total value of $2,752,086.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SCG. LVM Capital Management Ltd. MI raised its position in shares of Scana Corporation by 5.6% in the first quarter. LVM Capital Management Ltd. MI now owns 160,560 shares of the utilities provider’s stock worth $10,493,000 after buying an additional 8,575 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Scana Corporation by 130.5% in the first quarter. Carroll Financial Associates Inc. now owns 39,667 shares of the utilities provider’s stock worth $2,592,000 after buying an additional 22,457 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Scana Corporation by 4.2% in the first quarter. Gulf International Bank UK Ltd now owns 43,084 shares of the utilities provider’s stock worth $2,815,000 after buying an additional 1,750 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Scana Corporation by 5.5% in the first quarter. CENTRAL TRUST Co now owns 1,534 shares of the utilities provider’s stock worth $100,000 after buying an additional 80 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Scana Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 125,553 shares of the utilities provider’s stock worth $8,205,000 after buying an additional 3,781 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Scana Corporation 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.

The Fly

Analyst Recommendations for Scana Corporation (NYSE:SCG)

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