Are Analysts Bearish SCANA Corporation (NYSE:SCG) After Last Week?

September 30, 2018 - By Mary Kidd

SCANA Corporation (NYSE:SCG) LogoInvestors sentiment decreased to 0.93 in Q2 2018. Its down 0.02, from 0.95 in 2018Q1. It fall, as 29 investors sold SCANA Corporation shares while 133 reduced holdings. 45 funds opened positions while 106 raised stakes. 86.86 million shares or 3.55% more from 83.88 million shares in 2018Q1 were reported.
Livforsakringsbolaget Skandia Omsesidigt invested in 2,609 shares. Pnc Financial Svcs Grp stated it has 0% of its portfolio in SCANA Corporation (NYSE:SCG). Wellington Mngmt Gp Limited Liability Partnership holds 0% or 110,277 shares. Dnb Asset Management As accumulated 15,199 shares. Two Sigma Secs Ltd Com invested in 5,861 shares. Davenport & Ltd Liability Company reported 8,323 shares. First Interstate Fincl Bank accumulated 100 shares or 0% of the stock. Gulf Retail Bank (Uk) Ltd reported 0.02% of its portfolio in SCANA Corporation (NYSE:SCG). Us Bancorp De has invested 0% in SCANA Corporation (NYSE:SCG). Orrstown Inc has invested 0.05% in SCANA Corporation (NYSE:SCG). 81 are held by Cornerstone. Pinebridge L P stated it has 3,457 shares. Jnba Financial Advisors holds 0% or 187 shares in its portfolio. Ameritas Prtnrs has 0.01% invested in SCANA Corporation (NYSE:SCG). 256 are held by City Com.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Among 3 analysts covering Scana Corp (NYSE:SCG), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Scana Corp had 7 analyst reports since April 2, 2018 according to SRatingsIntel. As per Tuesday, August 7, the company rating was downgraded by Mizuho. On Friday, September 28 the stock rating was upgraded by UBS to “Neutral”. The rating was maintained by Mizuho with “Hold” on Monday, April 2. UBS maintained SCANA Corporation (NYSE:SCG) on Friday, August 10 with “Sell” rating. The firm has “Buy” rating by Mizuho given on Friday, June 29. Williams Capital Group upgraded SCANA Corporation (NYSE:SCG) on Thursday, April 26 to “Hold” rating. The firm has “Sell” rating by Williams Capital Group given on Tuesday, May 29. Below is a list of SCANA Corporation (NYSE:SCG) latest ratings and price target changes.

28/09/2018 Broker: UBS Old Rating: Sell New Rating: Neutral Upgrade
10/08/2018 Broker: UBS Old Rating: Sell New Rating: Sell Old Target: $36 New Target: $35 Maintain
07/08/2018 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade
29/06/2018 Broker: Mizuho Old Rating: Neutral New Rating: Buy Upgrade
29/05/2018 Broker: Williams Capital Group Old Rating: Hold New Rating: Sell Downgrade
26/04/2018 Broker: Williams Capital Group Old Rating: Sell New Rating: Hold Upgrade
02/04/2018 Broker: Mizuho Rating: Hold New Target: $35.5000 Maintain

The stock increased 3.90% or $1.46 during the last trading session, reaching $38.89. About 2.29M shares traded or 76.72% up from the average. SCANA Corporation (NYSE:SCG) has declined 39.54% since September 30, 2017 and is downtrending. It has underperformed by 55.16% the S&P500.

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale clients in South Carolina. The company has market cap of $5.55 billion. It owns nuclear, coal, hydro, natural gas, biomass, and solar generating facilities. It currently has negative earnings. The firm also purchases, sells, and transports natural gas; and offers energy-related services.

More news for SCANA Corporation (NYSE:SCG) were recently published by: Nasdaq.com, which released: “Mid-Afternoon Market Update: Progress Software Falls Following Mixed Q3 Results; ChemoCentryx Shares Climb” on September 28, 2018. Seekingalpha.com‘s article titled: “Dominion-SCANA merger clears final federal hurdle” and published on September 05, 2018 is yet another important article.

SCANA Corporation (NYSE:SCG) Institutional Positions Chart

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