Scana Corp (NYSE:SCG):
SCE&G Proposes $4.8 Billion Solution To Replace New Nuclear Project.
The company is so far trading 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 P/E ratio is currently 14.76 and market cap is 6.66B. In the latest earnings report the EPS was $3.16 with 143.00M shares currently outstanding.
Investors are feeling more bearish lately as inferred by the change in short interest. The stock experienced a rise in short interest of 11.50% as of October 13, 2017 from the last reporting period. Short interest grew 436,827 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.03% as of October 13.
A few Wall Street analysts have weighed in on the company. On October 24 analysts at Bank of America Corporation issued a report on SCG with a rating of “Neutral”. October 4 investment analysts at Morgan Stanley kept the company rating at “Underweight” with a current price target of $45.00.
Equity analyst Williams Capital lowered the price target on September 27 cutting the projection from $70.00 to $50.00 and stated a “Hold” rating.