SCANA (SCG) Downgraded by Wells Fargo & Co to Market Perform
Wells Fargo & Co lowered shares of SCANA (NYSE:SCG) from an outperform rating to a market perform rating in a research report sent to investors on Friday, January 5th, Marketbeat reports. The brokerage currently has $51.00 price target on the utilities provider’s stock.
A number of other analysts have also issued reports on SCG. Williams Capital lowered shares of SCANA from a hold rating to a sell rating in a research note on Friday, September 29th. Morgan Stanley reiterated an underweight rating and set a $45.00 price target on shares of SCANA in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of SCANA from a sell rating to a hold rating in a research note on Wednesday, September 13th. ValuEngine upgraded shares of SCANA from a hold rating to a buy rating in a research note on Friday, December 1st. Finally, TheStreet lowered shares of SCANA from a b- rating to a c+ rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $56.94.
SCANA (NYSE:SCG) traded down $0.12 during midday trading on Friday, reaching $43.31. 1,917,047 shares of the company’s stock were exchanged, compared to its average volume of 3,640,000. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. The firm has a market capitalization of $6,190.00, a PE ratio of 13.71, a P/E/G ratio of 4.02 and a beta of 0.20. SCANA has a 52 week low of $37.10 and a 52 week high of $71.28.
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SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged 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 engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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