SCANA (NYSE:SCG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently issued reports on SCG. Zacks Investment Research cut shares of SCANA from a “hold” rating to a “sell” rating in a report on Thursday, October 25th. UBS Group decreased their price objective on shares of SCANA from $36.00 to $35.00 and set a “sell” rating for the company in a report on Friday, August 10th. Mizuho cut shares of SCANA from a “buy” rating to a “neutral” rating in a report on Tuesday, August 7th. Finally, Wolfe Research reiterated an “outperform” rating on shares of SCANA in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. SCANA has an average rating of “Hold” and a consensus price target of $38.30.

Shares of NYSE:SCG opened at $43.63 on Tuesday. The firm has a market capitalization of $6.23 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 6.61 and a beta of 0.05. SCANA has a 1 year low of $33.61 and a 1 year high of $49.40. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.22 and a quick ratio of 0.97.

SCANA (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.20. The firm had revenue of $926.00 million during the quarter. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. As a group, equities analysts anticipate that SCANA will post 2.64 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV lifted its position in SCANA by 13.4% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 13,772 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 1,632 shares during the last quarter. WBI Investments Inc. lifted its position in SCANA by 1,023.7% during the 2nd quarter. WBI Investments Inc. now owns 524,435 shares of the utilities provider’s stock worth $20,201,000 after acquiring an additional 477,765 shares during the last quarter. James Investment Research Inc. acquired a new position in SCANA during the 3rd quarter worth $2,330,000. Great West Life Assurance Co. Can lifted its position in SCANA by 307.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 462,076 shares of the utilities provider’s stock worth $17,823,000 after acquiring an additional 348,548 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in SCANA by 2.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 58,113 shares of the utilities provider’s stock worth $2,239,000 after acquiring an additional 1,514 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

SCANA Company Profile

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.

Recommended Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SCANA (NYSE:SCG)

Receive News & Ratings for SCANA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCANA and related companies with MarketBeat.com's FREE daily email newsletter.