Impact of Brokerage Rating on Scana Corporation(SCG)

Many Scana Corporation(SCG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. SCANA Corporation was Downgraded by Mizuho on Feb 14, 2017 to Neutral, Lowers Price Target to $ 68 from a previous price target of $80 .SCANA Corporation was Downgraded by Macquarie to Neutral on Jan 24, 2017.

Company has reported several Insider transactions to the SEC, on Mar 1, 2016, Don Russell Harris (SCANA Senior VP/SCEG President) sold 2,500 shares at 65.27 per share price.On Mar 1, 2016, Mark R Cannon (Treasurer SCANA/Subs) sold 8,000 shares at 65.11 per share price.On Feb 23, 2016, James M Micali (director) sold 1,000 shares at 66.11 per share price.

SCANA Corporation Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.20. Analyst had a consensus of $1.12. The company had revenue of $1093.00 million for the quarter, compared to analysts expectations of $1162.61 million. The companys revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Scana Corporation (NYSE:SCG) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.91 by 8 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Scana Corporation (NYSE:SCG): According to 6 Analysts, The short term target price has been estimated at $ 76.The target price could deviate by a maximum of $4.24 from the forecast price. In the near term, the target price could hit a high of $80 and a low of $ 69.

Scana Corporation (NYSE:SCG) witnessed a decline in the market cap on Tuesday as its shares dropped 4.53% or 3.17 points. After the session commenced at $68.19, the stock reached the higher end at $68.8 while it hit a low of $66.5. With the volume soaring to 1,936,821 shares, the last trade was called at $66.86. The company has a 52-week high of $76.41. The company has a market cap of $9,555 million and there are 142,916,920 shares in outstanding. The 52-week low of the share price is $62.8527.

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. SCANAs subsidiaries serve electric customers in South Carolina, North Carolina and Georgia.


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