Scana Corp (NYSE:SCG) Institutional Investor Sentiment Analysis

October 11, 2018 - By olga

SCANA Corporation (NYSE:SCG) Logo

Sentiment for Scana Corp (NYSE:SCG)

Scana Corp (NYSE:SCG) institutional sentiment decreased to 0.93 in Q2 2018. Its down -0.02, from 0.95 in 2018Q1. The ratio dived, as 151 institutional investors increased and opened new stock positions, while 162 reduced and sold holdings in Scana Corp. The institutional investors in our partner’s database now hold: 86.86 million shares, up from 83.88 million shares in 2018Q1. Also, the number of institutional investors holding Scana Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 29 Reduced: 133 Increased: 106 New Position: 45.

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 $5.62 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.

The stock decreased 1.40% or $0.56 during the last trading session, reaching $39.39. About 509,387 shares traded. SCANA Corporation (NYSE:SCG) has declined 39.54% since October 11, 2017 and is downtrending. It has underperformed by 55.16% the S&P500.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on October, 25. They expect $0.83 earnings per share, down 28.45 % or $0.33 from last year’s $1.16 per share. SCG’s profit will be $118.38M for 11.86 P/E if the $0.83 EPS becomes a reality. After $0.67 actual earnings per share reported by SCANA Corporation for the previous quarter, Wall Street now forecasts 23.88 % EPS growth.

Rare Infrastructure Ltd holds 2.75% of its portfolio in SCANA Corporation for 1.11 million shares. Magnetar Financial Llc owns 3.67 million shares or 2.73% of their US portfolio. Moreover, Highvista Strategies Llc has 1.77% invested in the company for 101,801 shares. The New York-based Jet Capital Investors L P has invested 1.65% in the stock. Edmp Inc., a Florida-based fund reported 38,668 shares.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Ratings analysis reveals 33% of SCANA’s analysts are positive. Out of 3 Wall Street analysts rating SCANA, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. SCG was included in 7 notes of analysts from April 26, 2018. The rating was upgraded by Mizuho on Tuesday, October 9 to “Buy”. Mizuho downgraded SCANA Corporation (NYSE:SCG) on Tuesday, August 7 to “Neutral” rating. The rating was upgraded by Williams Capital Group to “Hold” on Thursday, April 26. On Friday, September 28 the stock rating was upgraded by UBS to “Neutral”. The stock of SCANA Corporation (NYSE:SCG) earned “Buy” rating by Mizuho on Friday, June 29. The stock has “Sell” rating by UBS on Friday, August 10. The firm has “Sell” rating given on Tuesday, May 29 by Williams Capital Group.

SCANA Corporation (NYSE:SCG) Institutional Positions Chart

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 Market News