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 $67.9 million.
  • SCG has traded 14,589 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 generating facilities. The stock currently has a dividend yield of 3.5%. SCG has a PE ratio of 13. 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 1.0 million shares per day over the past 30 days. SCANA has a market cap of $9.4 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.24 and a short float of 5.5% with 6.59 days to cover. Shares are up 9.4% year-to-date as of the close of trading on Tuesday.

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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 notable return on equity, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Multi-Utilities industry and the overall market, SCANA CORP's return on equity exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has increased to $252.00 million or 46.51% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 3.32%.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • SCG, with its decline in revenue, underperformed when compared the industry average of 4.5%. Since the same quarter one year prior, revenues fell by 21.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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