SCANA Stock Hits New 52-Week High (SCG)

NEW YORK ( TheStreet) -- SCANA (NYSE: SCG) hit a new 52-week high Wednesday as it is currently trading at $46.83, above its previous 52-week high of $46.81 with 30,799 shares traded as of 9:55 a.m. ET. Average volume has been 590,500 shares over the past 30 days.

SCANA has a market cap of $6.1 billion and is part of the utilities sector and utilities industry. Shares are up 3.8% year to date as of the close of trading on Tuesday.

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, oil and gas, and biomass generating facilities. The company has a P/E ratio of 16.2, 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full SCANA Ratings Report.

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