Time to Buy SCANA Corporation After Today’s Option Traders Bet?

 Time to Buy SCANA Corporation After Today's Option Traders Bet?

In today’s session SCANA Corporation (SCG) registered an unusually high (1,001) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious SCG increase. With 1,001 contracts traded and 1534 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: SCG170217C00075000 closed last at: $1.2 or 14.3% up. The stock decreased 1.59% or $1.13 on November 23, hitting $69.87. About 567,339 shares traded hands. SCANA Corporation (NYSE:SCG) has risen 5.02% since April 22, 2016 and is uptrending. It has underperformed by 0.39% the S&P500.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on February, 16. They expect $0.93 earnings per share, up 12.05% or $0.10 from last year’s $0.83 per share. SCG’s profit will be $134.04M for 18.78 P/E if the $0.93 EPS becomes a reality. After $1.32 actual earnings per share reported by SCANA Corporation for the previous quarter, Wall Street now forecasts -29.55% negative EPS growth.

SCANA Corporation (NYSE:SCG) Ratings Coverage

Out of 3 analysts covering SCANA (NYSE:SCG), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $84 is the highest target while $61 is the lowest. The $68.33 average target is -2.20% below today’s ($69.87) stock price. SCANA has been the topic of 8 analyst reports since August 15, 2015 according to StockzIntelligence Inc. The rating was upgraded by Macquarie Research on Thursday, October 29 to “Outperform”. As per Saturday, August 15, the company rating was downgraded by Zacks. Mizuho maintained it with “Buy” rating and $80 target price in Friday, October 28 report. Morgan Stanley downgraded the stock to “Underweight” rating in Wednesday, June 15 report. Mizuho upgraded the shares of SCG in a report on Monday, February 8 to “Buy” rating. The firm earned “Buy” rating on Tuesday, June 14 by Mizuho.

According to Zacks Investment Research, “SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations, telecommunications and other non-regulated energy-related businesses. SCANA’s subsidiaries serve electric customers in South Carolina, North Carolina and Georgia.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.02, from 1.08 in 2016Q1. The ratio turned negative, as 42 funds sold all SCANA Corporation shares owned while 147 reduced positions. 51 funds bought stakes while 153 increased positions. They now own 90.73 million shares or 2.44% less from 93.00 million shares in 2016Q1.
Thrivent Financial For Lutherans holds 0% or 4,430 shares in its portfolio. Cleararc last reported 0.05% of its portfolio in the stock. Moreover, Weatherstone Capital Management has 0.25% invested in SCANA Corporation (NYSE:SCG) for 3,912 shares. Co National Bank has 9,918 shares for 0.01% of their US portfolio. New Mexico Educational Retirement Board last reported 16,608 shares in the company. Naples Global Advisors Ltd Liability accumulated 0.12% or 3,923 shares. The Alabama-based Stanley has invested 0.12% in SCANA Corporation (NYSE:SCG). Synovus Financial last reported 0.01% of its portfolio in the stock. Moreover, Credit Suisse Ag has 0.02% invested in SCANA Corporation (NYSE:SCG) for 195,050 shares. Johnson Fincl Group holds 0.02% of its portfolio in SCANA Corporation (NYSE:SCG) for 2,144 shares. Ibm Retirement Fund holds 0.04% or 15,442 shares in its portfolio. National Bank & Trust Of Montreal Can reported 175,969 shares or 0.02% of all its holdings. Ahl Prtnrs Ltd Liability Partnership holds 0.04% of its portfolio in SCANA Corporation (NYSE:SCG) for 10,438 shares. Employees Retirement Systems Of Texas accumulated 9,000 shares or 0.01% of the stock. Rothschild Asset Inc, a New York-based fund reported 6,490 shares.

SCANA Corporation is a holding company. The company has a market cap of $10.07 billion. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It has a 17.58 P/E ratio. It operates through divisions, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.

SCG Company Profile

SCANA Corporation, incorporated on October 1, 1984, is a holding company. The Company, through its subsidiaries, is engaged in operations, including generation, transmission, distribution and sale of electricity and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. The Firm operates through divisions, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other. The Electric Operations segment generates, transmits and distributes electricity. The Gas Distribution segment, consists of local distribution activities of South Carolina Electric & Gas Company (SCE&G) and Public Service Company of North Carolina, Incorporated (PSNC Energy), purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers, and municipalities in the Southeast. All Other consists of the holding firm and its other direct and indirect subsidiaries, which conduct non-regulated, energy-related operations.

More notable recent SCANA Corporation (NYSE:SCG) news were published by: Prnewswire.com which released: “SCANA Corporation to Announce Third Quarter 2016 Financial Results on October …” on October 06, 2016, also Seekingalpha.com with their article: “SCANA Corporation (SCG) Q2 2016 Results – Earnings Call Transcript” published on August 01, 2016, Seekingalpha.com published: “SCANA Corporation – A Fairly Valued Utility Stock, For Now” on October 24, 2016. More interesting news about SCANA Corporation (NYSE:SCG) were released by: Prnewswire.com and their article: “SCANA Reports Financial Results for Third Quarter 2016” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “North Carolina Utilities Commission Approves Increase to PSNC Energy Base …” with publication date: October 31, 2016.

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