Scana Corporation (SCG) : Zacks Investment Research ranks Scana Corporation (SCG) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.04, which indicates as a Buy.
Scana Corporation (SCG) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $84 and the lowest price target forecast is $61. The average forecast of all the analysts is $72.75 and the expected standard deviation is $9.43.
Company shares have received an average consensus rating of Hold for the current week Scana Corporation (NYSE:SCG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.89 and $72.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.01, notching a gain of 0.22% for the day. The total traded volume was 480,434 . The stock had closed at $72.85 on the previous day.
In a related news, Harris Don Russell, officer (SCANA Senior VP/SCEG President) of Scana Corp, unloaded 2,500 shares at an average price of $65.27 on February 26, 2016. The total amount of the transaction was worth $163,175, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution 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. All Other comprises the holding company and its subsidiaries.