SCANA (SCG) Reaches $40.35 After 7.00% Up Move; Shorts at Csi Compressco Lpunits (CCLP) Lowered By 9.97%

March 15, 2018 - By Clifton Ray

The stock of SCANA Corporation (NYSE:SCG) is a huge mover today! The stock increased 2.36% or $0.93 during the last trading session, reaching $40.35. About 419,819 shares traded. SCANA Corporation (NYSE:SCG) has declined 4.13% since March 15, 2017 and is downtrending. It has underperformed by 20.83% the S&P500.The move comes after 7 months positive chart setup for the $5.76B company. It was reported on Mar, 15 by We have $43.17 PT which if reached, will make NYSE:SCG worth $402.85 million more.

Csi Compressco Lpunits (NASDAQ:CCLP) had a decrease of 9.97% in short interest. CCLP’s SI was 343,000 shares in March as released by FINRA. Its down 9.97% from 381,000 shares previously. With 142,400 avg volume, 2 days are for Csi Compressco Lpunits (NASDAQ:CCLP)’s short sellers to cover CCLP’s short positions. The SI to Csi Compressco Lpunits’s float is 1.6%. The stock decreased 0.68% or $0.05 during the last trading session, reaching $7.3. About 12,905 shares traded. CSI Compressco LP (NASDAQ:CCLP) has declined 29.05% since March 15, 2017 and is downtrending. It has underperformed by 45.75% the S&P500.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on April, 26. They expect $1.21 earnings per share, up 1.68% or $0.02 from last year’s $1.19 per share. SCG’s profit will be $172.58M for 8.34 P/E if the $1.21 EPS becomes a reality. After $1.01 actual earnings per share reported by SCANA Corporation for the previous quarter, Wall Street now forecasts 19.80% EPS growth.

Among 13 analysts covering SCANA (NYSE:SCG), 3 have Buy rating, 3 Sell and 7 Hold. Therefore 23% are positive. SCANA has $84 highest and $38 lowest target. $49.19’s average target is 21.91% above currents $40.35 stock price. SCANA had 33 analyst reports since August 15, 2015 according to SRatingsIntel. Williams Capital Group downgraded the stock to “Hold” rating in Monday, September 18 report. The rating was maintained by Williams Capital Group with “Hold” on Wednesday, September 27. As per Thursday, August 10, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating by Zacks given on Saturday, August 15. CFRA maintained the stock with “Buy” rating in Wednesday, January 3 report. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, January 24 report. The stock has “Sell” rating by Williams Capital Group on Friday, September 29. The firm has “Overweight” rating given on Tuesday, August 1 by Barclays Capital. Bank of America initiated SCANA Corporation (NYSE:SCG) rating on Tuesday, October 24. Bank of America has “Hold” rating and $49.0 target. The stock of SCANA Corporation (NYSE:SCG) earned “Neutral” rating by Guggenheim on Thursday, November 16.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.23, from 1.1 in 2017Q2. It turned negative, as 53 investors sold SCANA Corporation shares while 128 reduced holdings. 60 funds opened positions while 139 raised stakes. 93.06 million shares or 0.20% less from 93.24 million shares in 2017Q2 were reported. 398,552 are held by Sumitomo Mitsui Trust Holdg Inc. The California-based Personal Advisors Corp has invested 0.04% in SCANA Corporation (NYSE:SCG). Profund Advsr Limited invested in 14,095 shares or 0.03% of the stock. 1,004 were accumulated by Tiverton Asset Management. Guardian Life Insur Communications Of America holds 0% of its portfolio in SCANA Corporation (NYSE:SCG) for 321 shares. Cadence Cap Mngmt Limited Com reported 9,941 shares. Warren Averett Asset Management Ltd Llc holds 0.11% of its portfolio in SCANA Corporation (NYSE:SCG) for 10,546 shares. Invesco accumulated 0.01% or 729,175 shares. Whittier Trust Communication Of Nevada invested in 8,400 shares. Aviva Plc holds 0.02% or 81,713 shares. Oakbrook Invests Lc reported 6,182 shares. Insur Tx accumulated 22,346 shares. Thomas Story & Son Limited Liability Com has 14,329 shares for 0.38% of their portfolio. Laurion Capital Management L P has 0% invested in SCANA Corporation (NYSE:SCG). Andra Ap holds 53,100 shares.

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 $5.76 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.

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:

Recent Posts