Scana Corp (NYSE:SCG):
South Carolina Electric & Gas Company to Acquire Natural-Gas-Fired Power Plant.
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..
Scana Corp’s P/E ratio is 14.75 and the market cap of the company is 6.65B. As of the last earnings report the EPS was $3.16 with 143.00M shares currently outstanding.
Traders are feeling more bearish on shares of Scana Corp of late if you consider the uptick in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 11.50%. Short interest increased 436,827 over that timeframe. Days to cover decreased from 2.0 to 2.0 and the short interest percentage is 0.03% as of October 13.
Several brokerage firms have released opinions on the company of late. On October 24 analysts at Bank of America Corporation updated its forecast on SCG by announcing an initial rating of “Neutral”. On October 4 Morgan Stanley left the company rating at “Underweight” targeting a price 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.