Trade-Ideas LLC identified

SCANA

(

SCG

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified SCANA as such a stock due to the following factors:

  • SCG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.9 million.
  • SCG has traded 8,314 shares today.
  • SCG is trading at a new lifetime high.

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More details on SCG:

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, natural gas and oil, and biomass/solar generating facilities. The stock currently has a dividend yield of 3.2%. SCG has a PE ratio of 33. Currently there are 3 analysts that rate SCANA a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Recommends

The average volume for SCANA has been 889,700 shares per day over the past 30 days. SCANA has a market cap of $10.1 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.33 and a short float of 3.8% with 5.99 days to cover. Shares are up 18.5% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates SCANA as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, SCG's share price has jumped by 33.08%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SCG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • 36.01% is the gross profit margin for SCANA CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 15.01% trails the industry average.
  • SCG, with its decline in revenue, slightly underperformed the industry average of 9.7%. Since the same quarter one year prior, revenues fell by 15.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • SCANA CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, SCANA CORP increased its bottom line by earning $5.22 versus $3.79 in the prior year. For the next year, the market is expecting a contraction of 24.3% in earnings ($3.95 versus $5.22).
  • Even though the current debt-to-equity ratio is 1.25, it is still below the industry average, suggesting that this level of debt is acceptable within the Multi-Utilities industry. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.36 is very low and demonstrates very weak liquidity.

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