Scana Corp (NYSE:SCG):
SHAREHOLDER ALERT: Hynes Keller & Hernandez, LLC Announces Investigation of SCANA Corporation (SCG).
The company is up since yesterday’s close of 44.39.
SCANA Corporation, launched on October 1, 1984, is a holding company. The Company, through its subsidiaries, is involved 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 involved in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. The Electric Operations segment generates, transmits and distributes electricity. The Business’s regulated businesses include subsidiaries, such as South Carolina Electric & Gas Company (SCE&G), South Carolina Fuel Company, Inc. (Fuel Company), South Carolina Generating Company, Inc. (GENCO) and Public Service Company of North Carolina, Incorporated (PSNC Energy). The Business’s nonregulated businesses include subsidiaries, such as SCANA Energy Marketing, Inc. (SCANA Energy), ServiceCare, Inc., SCANA Services, Inc., SCANA Corporate Security Services, Inc. and SCANA Communications Holdings, Inc..
The most current P/E ratio is 14.79 and the market cap is 6.67B. In the last earnings report the EPS was $3.16 with 143.00M shares currently outstanding.
Traders are a little more bearish lately as shown by the rise in short interest. The firm had a rise in short interest of 11.50% as of October 13, 2017 from the last reporting period. Short interest grew from 3,798,159 to 4,234,986 over that timeframe. With short interest at 4,234,986 and short average daily volume at 1,887,209, days to cover is 2.0 and the percentage of shorted shares is 0.03% as of October 13.
Ratings analysts have provided guidance on the stock recently. Equity analyst Bank of America Corporation updated its forecast on SCG with a rating of “Neutral”. October 4 investment analysts at Morgan Stanley held the company rating at “Underweight” with a current price target of $45.00.
Williams Capital lowered the price target on September 27 changing the forecast from $70.00 to $50.00 with a “Hold” recommendation.