SCANA Corporation (SCG)’s Stock Is Sell After Making 1 Year Low

July 17, 2017 - By Vivian Currie

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.02, from 1.06 in 2016Q3. It is positive, as 38 investors sold SCANA Corporation shares while 153 reduced holdings. 59 funds opened positions while 148 raised stakes. 91.26 million shares or 1.75% more from 89.69 million shares in 2016Q3 were reported.
Da Davidson reported 1,368 shares or 0% of all its holdings. Blackrock reported 335,197 shares stake. Moreover, Caisse De Depot Et Placement Du Quebec has 0.03% invested in SCANA Corporation (NYSE:SCG). Naples Global Advsrs Ltd Liability Co holds 3,048 shares or 0.09% of its portfolio. Tci Wealth Advsrs Incorporated has 0.02% invested in SCANA Corporation (NYSE:SCG). The Ohio-based Stratos Wealth Prtnrs Ltd has invested 0.09% in SCANA Corporation (NYSE:SCG). Edmp reported 3.3% of its portfolio in SCANA Corporation (NYSE:SCG). Mcmillion Mgmt, North Carolina-based fund reported 24,097 shares. California State Teachers Retirement Systems holds 0.04% in SCANA Corporation (NYSE:SCG) or 278,973 shares. Pictet Asset Mgmt Limited has 88,776 shares. Rowland Counsel Adv accumulated 0% or 3,825 shares. 3,350 were accumulated by Gofen Glossberg Il. Natl Pension Service holds 127,577 shares. Ameritas Investment Ptnrs has 3,416 shares for 0.01% of their portfolio. Brandywine Glob Investment Management Ltd Limited Liability Company reported 127,475 shares or 0.06% of all its holdings.

The stock of SCANA Corporation (NYSE:SCG) hit a new 52-week low and has $61.95 target or 3.00 % below today’s $63.87 share price. The 5 months bearish chart indicates high risk for the $9.11 billion company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $61.95 price target is reached, the company will be worth $273.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 418,590 shares traded. SCANA Corporation (NYSE:SCG) has declined 4.13% since July 17, 2016 and is downtrending. It has underperformed by 20.83% the S&P500.

Wall Street await SCANA Corporation (NYSE:SCG) to release earnings on July, 27. Analysts forecast earnings per share of $0.75, up exactly $0.01 or 1.35 % from 2014’s $0.74 EPS. The expected SCG’s profit could reach $107.03M giving the stock 21.28 P/E in the case that $0.75 earnings per share is reported. After posting $1.19 EPS for the previous quarter, SCANA Corporation’s analysts now forecast -36.97 % negative EPS growth.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Among 4 analysts covering SCANA (NYSE:SCG), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. SCANA had 12 analyst reports since August 15, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, July 11. On Friday, October 28 the stock rating was maintained by Mizuho with “Buy”. On Friday, July 7 the stock rating was maintained by Mizuho with “Underperform”. Mizuho upgraded the shares of SCG in report on Monday, February 8 to “Buy” rating. The company was downgraded on Tuesday, February 14 by Mizuho. Macquarie Research upgraded it to “Outperform” rating and $61 target in Thursday, October 29 report. Mizuho maintained SCANA Corporation (NYSE:SCG) on Tuesday, June 14 with “Buy” rating. Zacks downgraded SCANA Corporation (NYSE:SCG) on Saturday, August 15 to “Hold” rating. The stock of SCANA Corporation (NYSE:SCG) earned “Neutral” rating by Macquarie Research on Tuesday, January 24. The firm has “Underweight” rating given on Wednesday, June 15 by Morgan Stanley.

More news for SCANA Corporation (NYSE:SCG) were recently published by: Prnewswire.com, which released: “SCANA Corporation and Santee Cooper Amend Interim Agreement to Extend Term” on June 26, 2017. Reuters.com‘s article titled: “SCANA extends assessment of Toshiba’s South Carolina nuclear plant” and published on June 26, 2017 is yet another important article.

SCANA Corporation is a holding company. The company has market cap of $9.11 billion. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. It has a 15.47 P/E ratio. The Firm operates through divisions, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

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