Is Scana Corporation (NYSE:SCG) a Buy? The Stock Reported Less Sellers

November 7, 2017 - By Richard Conner

 Is Scana Corporation (NYSE:SCG) a Buy? The Stock Reported Less Sellers

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.11, from 0.97 in 2017Q1. It turned negative, as 46 investors sold SCANA Corporation shares while 161 reduced holdings. 46 funds opened positions while 133 raised stakes. 93.24 million shares or 2.65% less from 95.77 million shares in 2017Q1 were reported.
Amica Mutual Ins Company has 0.05% invested in SCANA Corporation (NYSE:SCG). Uss Inv Management Limited has invested 0.06% in SCANA Corporation (NYSE:SCG). Mufg Americas stated it has 0% in SCANA Corporation (NYSE:SCG). Bragg Fin Advisors has 0.09% invested in SCANA Corporation (NYSE:SCG) for 8,868 shares. Synovus Financial Corp reported 8,465 shares stake. Artisan Partnership holds 0.23% in SCANA Corporation (NYSE:SCG) or 1.79M shares. Vaughan David Invests Il invested in 0.98% or 290,798 shares. 1.12M were accumulated by Thompson Siegel & Walmsley Limited Liability Corp. Canada Pension Plan Inv Board has 351,538 shares for 0.05% of their portfolio. Tower Research Capital Ltd Liability Corporation (Trc) stated it has 23 shares. Bristol John W And Com stated it has 7,183 shares. Dekabank Deutsche Girozentrale invested in 23,848 shares or 0.01% of the stock. Advisor Prtnrs Limited Liability Corporation holds 3,663 shares. Palladium Prtnrs Limited holds 0.03% in SCANA Corporation (NYSE:SCG) or 6,149 shares. Kbc Group Inc Nv has 12,870 shares for 0.01% of their portfolio.

The stock of Scana Corporation (NYSE:SCG) registered a decrease of 10.11% in short interest. SCG’s total short interest was 3.59M shares in November as published by FINRA. Its down 10.11% from 3.99 million shares, reported previously. With 1.16M shares average volume, it will take short sellers 3 days to cover their SCG’s short positions. The short interest to Scana Corporation’s float is 2.52%.

About 1.20M shares traded. SCANA Corporation (NYSE:SCG) has declined 4.13% since November 7, 2016 and is downtrending. It has underperformed by 20.83% the S&P500.

SCANA Corporation is a holding company. The company has market cap of $6.38 billion. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. It has a 14.15 P/E ratio. The Firm operates through divisions, including Electric Operations, Gas Distribution, Gas Marketing and All Other.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Among 9 analysts covering SCANA (NYSE:SCG), 1 have Buy rating, 3 Sell and 5 Hold. Therefore 11% are positive. SCANA had 23 analyst reports since August 15, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Wednesday, June 15 to “Underweight”. On Wednesday, September 27 the stock rating was maintained by Williams Capital Group with “Hold”. The rating was downgraded by Guggenheim on Friday, July 28 to “Sell”. Macquarie Research downgraded SCANA Corporation (NYSE:SCG) on Tuesday, January 24 to “Neutral” rating. Gabelli downgraded SCANA Corporation (NYSE:SCG) on Friday, July 28 to “Hold” rating. As per Monday, September 18, the company rating was downgraded by Williams Capital Group. The firm earned “Outperform” rating on Thursday, October 29 by Macquarie Research. The stock of SCANA Corporation (NYSE:SCG) earned “Hold” rating by Bank of America on Tuesday, October 24. The rating was maintained by Morgan Stanley on Tuesday, July 11 with “Underweight”. The rating was downgraded by Williams Capital Group on Friday, September 29 to “Sell”.

More important recent SCANA Corporation (NYSE:SCG) news were published by: Prnewswire.com which released: “SCANA Corporation to Cooperate with Securities and Exchange Commission …” on October 17, 2017, also Prnewswire.com published article titled: “SCANA Corporation and South Carolina Electric & Gas Company Announce …”, Prnewswire.com published: “SCANA Corporation Declares Dividend on Common Stock For Fourth Quarter 2017” on October 26, 2017. More interesting news about SCANA Corporation (NYSE:SCG) was released by: Seekingalpha.com and their article: “SCANA: Good Risk To Reward Setup Below $50” with publication date: October 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.