NEW YORK (

TheStreet

) --

SCANA

(NYSE:

SCG

) hit a new 52-week high Thursday as it is currently trading at $42.97, above its previous 52-week high of $42.83 with 139,043 shares traded as of 10:10 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

SCANA has a market cap of $5.4 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 2.9% year to date as of the close of trading on Wednesday.

SCANA Corporation and its subsidiaries engage in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company has a P/E ratio of 14.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SCANA as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

SCANA Ratings Report

.

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