SCANA (NYSE:SCG) was downgraded by research analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $51.00 target price on the utilities provider’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 13.28% from the company’s current price.
A number of other equities research analysts have also recently issued reports on SCG. Williams Capital cut SCANA from a “buy” rating to a “hold” rating and decreased their target price for the stock from $80.00 to $70.00 in a research report on Monday, September 18th. Zacks Investment Research raised SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Morgan Stanley reaffirmed an “underweight” rating and set a $45.00 target price on shares of SCANA in a research report on Wednesday, October 4th. Bank of America started coverage on SCANA in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price for the company. Finally, TheStreet cut SCANA from a “b-” rating to a “c+” rating in a research report on Monday, October 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $60.28.
SCANA (SCG) traded down $1.31 during trading hours on Friday, reaching $45.02. The company had a trading volume of 5,773,655 shares, compared to its average volume of 3,340,000. SCANA has a 12-month low of $37.10 and a 12-month high of $72.89. The firm has a market capitalization of $6,430.00, a P/E ratio of 14.25, a P/E/G ratio of 3.84 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12.
Several institutional investors and hedge funds have recently bought and sold shares of SCG. Willingdon Wealth Management bought a new stake in shares of SCANA in the third quarter valued at approximately $112,000. WFG Advisors LP boosted its position in shares of SCANA by 60.6% in the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 659 shares during the period. Amica Retiree Medical Trust boosted its position in shares of SCANA by 219.1% in the third quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 1,849 shares during the period. Fiduciary Trust Co. bought a new stake in shares of SCANA in the second quarter valued at approximately $164,000. Finally, Pacer Advisors Inc. boosted its position in shares of SCANA by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 203 shares during the period. 66.70% of the stock is owned by institutional investors.
About SCANA
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.
