Scana Corporation (NYSE:SCG) was upgraded by equities researchers at Guggenheim from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently weighed in on SCG. Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $64.00 in a report on Thursday, July 20th. BidaskClub upgraded Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Gabelli cut Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Barclays PLC upgraded Scana Corporation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $65.00 to $73.00 in a report on Tuesday, August 1st. Finally, Mizuho reiterated an “underperform” rating and set a $59.50 target price (up previously from $57.00) on shares of Scana Corporation in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Scana Corporation has a consensus rating of “Hold” and an average price target of $61.44.

Shares of Scana Corporation (NYSE:SCG) traded up $0.61 during mid-day trading on Thursday, hitting $45.00. The stock had a trading volume of 5,329,800 shares, compared to its average volume of 1,351,383. The stock has a market cap of $6,430.00, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 3.05 and a beta of 0.21. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. Scana Corporation has a fifty-two week low of $41.15 and a fifty-two week high of $74.99.

Scana Corporation (NYSE:SCG) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. analysts expect that Scana Corporation will post 4.17 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in SCG. Wellington Management Group LLP acquired a new stake in shares of Scana Corporation during the first quarter valued at about $452,000. Teachers Advisors LLC grew its stake in shares of Scana Corporation by 12.2% during the first quarter. Teachers Advisors LLC now owns 184,886 shares of the utilities provider’s stock valued at $12,082,000 after acquiring an additional 20,163 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Scana Corporation by 6.0% during the first quarter. Thrivent Financial For Lutherans now owns 5,270 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Scana Corporation by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 318,371 shares of the utilities provider’s stock valued at $20,806,000 after acquiring an additional 18,686 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Scana Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock valued at $648,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 68.12% of the company’s stock.

About Scana Corporation

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.

Analyst Recommendations for Scana Corporation (NYSE:SCG)

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