SCANA Stock Hits New 52-Week High (SCG)

NEW YORK ( TheStreet) -- SCANA (NYSE: SCG) hit a new 52-week high Thursday as it is currently trading at $46.67, above its previous 52-week high of $46.64 with 350,116 shares traded as of 1:34 p.m. ET. Average volume has been 669,200 shares over the past 30 days.

SCANA has a market cap of $5.98 billion and is part of the utilities sector and utilities industry. Shares are up 1.7% 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 15.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SCANA as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full SCANA Ratings Report.

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