SCANA (SCG) Reaches $35.35 After 8.00% Down Move; 5 Analysts Covering NOW Inc. (DNOW)

June 3, 2018 - By Vivian Park

SCANA Corporation (NYSE:SCG) Logo

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 46 analyst reports since August 6, 2015 according to SRatingsIntel. Seaport Global upgraded NOW Inc. (NYSE:DNOW) on Thursday, February 15 to “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, October 15. The firm has “Buy” rating given on Monday, October 9 by Robert W. Baird. The stock has “Market Perform” rating by Cowen & Co on Friday, September 16. Cowen & Co maintained NOW Inc. (NYSE:DNOW) on Thursday, November 2 with “Hold” rating. The company was downgraded on Friday, October 13 by Robert W. Baird. As per Friday, July 14, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Cowen & Co with “Hold” on Thursday, May 3. The stock has “Hold” rating by Cowen & Co on Thursday, February 15. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 3. See NOW Inc. (NYSE:DNOW) latest ratings:

03/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $13 New Target: $15 Maintain
03/05/2018 Broker: Cowen & Co Rating: Hold New Target: $11.0000 Maintain
13/04/2018 Broker: Susquehanna Rating: Hold New Target: $11.0000 Maintain
27/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $10 Maintain
14/02/2018 Broker: Stephens Rating: Buy New Target: $13.0 Maintain
15/02/2018 Broker: Susquehanna Rating: Hold New Target: $10.0 Maintain
14/02/2018 Broker: Robert W. Baird Rating: Hold New Target: $11.0 Maintain
15/02/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $11 Maintain
15/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $13.0 Maintain
15/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $22 New Target: $18 Maintain

The stock of SCANA Corporation (NYSE:SCG) is a huge mover today! The stock decreased 2.62% or $0.95 during the last trading session, reaching $35.35. About 1.65M shares traded or 13.11% up from the average. SCANA Corporation (NYSE:SCG) has declined 47.22% since June 3, 2017 and is downtrending. It has underperformed by 59.79% the S&P500.The move comes after 5 months negative chart setup for the $5.04B company. It was reported on Jun, 3 by Barchart.com. We have $32.52 PT which if reached, will make NYSE:SCG worth $403.36M less.

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale clients in South Carolina. The company has market cap of $5.04 billion. It owns nuclear, coal, hydro, natural gas, biomass, and solar generating facilities. It currently has negative earnings. The firm also purchases, sells, and transports natural gas; and offers energy-related services.

Analysts await SCANA Corporation (NYSE:SCG) to report earnings on August, 2. They expect $0.59 EPS, down 30.59% or $0.26 from last year’s $0.85 per share. SCG’s profit will be $84.15M for 14.98 P/E if the $0.59 EPS becomes a reality. After $1.18 actual EPS reported by SCANA Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Among 13 analysts covering SCANA (NYSE:SCG), 3 have Buy rating, 3 Sell and 7 Hold. Therefore 23% are positive. SCANA had 36 analyst reports since August 15, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, August 10 report. The firm has “Outperform” rating by Macquarie Research given on Thursday, October 29. The rating was upgraded by Guggenheim on Thursday, November 16 to “Neutral”. As per Wednesday, January 3, the company rating was maintained by CFRA. The firm has “Sell” rating by Williams Capital Group given on Tuesday, May 29. Morgan Stanley maintained the stock with “Underweight” rating in Monday, November 13 report. The firm has “Sell” rating by Williams Capital Group given on Friday, September 29. The rating was downgraded by Zacks on Saturday, August 15 to “Hold”. The stock of SCANA Corporation (NYSE:SCG) has “Neutral” rating given on Monday, August 28 by Mizuho. The stock of SCANA Corporation (NYSE:SCG) earned “Underweight” rating by Morgan Stanley on Tuesday, July 11.

More news for SCANA Corporation (NYSE:SCG) were recently published by: Gurufocus.com, which released: “Wall Street Green Friday” on June 01, 2018. Streetinsider.com‘s article titled: “SCANA Corp. (SCG) Sees Weakness Amid South Carolina Committee Meeting on Merger” and published on May 23, 2018 is yet another important article.

Investors sentiment increased to 0.95 in Q1 2018. Its up 0.08, from 0.87 in 2017Q4. It increased, as 61 investors sold SCANA Corporation shares while 125 reduced holdings. 58 funds opened positions while 119 raised stakes. 83.88 million shares or 6.67% less from 89.88 million shares in 2017Q4 were reported. Leavell Invest Mngmt reported 0.1% in SCANA Corporation (NYSE:SCG). Synovus holds 0.01% or 8,162 shares. State Street Corp stated it has 6.96 million shares. Element Mngmt Lc has 0.02% invested in SCANA Corporation (NYSE:SCG) for 20,907 shares. Gideon Capital reported 6,289 shares. Goldman Sachs holds 1.86M shares. Schwab Charles Inv Management stated it has 760,087 shares or 0.02% of all its holdings. State Board Of Administration Of Florida Retirement Systems owns 0.02% invested in SCANA Corporation (NYSE:SCG) for 194,897 shares. Comerica Bank holds 0.01% or 33,965 shares in its portfolio. Wells Fargo & Communication Mn owns 833,326 shares or 0.01% of their US portfolio. Invsts Asset Mgmt Of Georgia Incorporated Ga Adv stated it has 0.15% in SCANA Corporation (NYSE:SCG). Sei Invs holds 10,145 shares. Legal General Gru Public Limited Com accumulated 1.23 million shares. Old Mutual Customised Solutions (Proprietary) owns 0.03% invested in SCANA Corporation (NYSE:SCG) for 7,100 shares. Cetera Advisor Netwr Limited Liability has invested 0.01% of its portfolio in SCANA Corporation (NYSE:SCG).

Investors sentiment increased to 1.12 in Q1 2018. Its up 0.03, from 1.09 in 2017Q4. It improved, as 25 investors sold NOW Inc. shares while 65 reduced holdings. 25 funds opened positions while 76 raised stakes. 122.56 million shares or 4.53% more from 117.25 million shares in 2017Q4 were reported. Retail Bank Of Montreal Can holds 0.01% or 619,707 shares. Rbo And Lc reported 255,442 shares stake. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv reported 495,000 shares. The Ontario – Canada-based Manufacturers Life Ins Communication The has invested 0% in NOW Inc. (NYSE:DNOW). Moreover, City Co has 0% invested in NOW Inc. (NYSE:DNOW) for 12 shares. Regions Corporation, Alabama-based fund reported 621 shares. Cwm Ltd Liability Corp holds 42,899 shares. Wellington Llp reported 0% stake. Commonwealth Of Pennsylvania Public School Empls Retrmt System invested 0.01% in NOW Inc. (NYSE:DNOW). Rhumbline Advisers accumulated 199,062 shares. Sg Americas Ltd reported 0.01% in NOW Inc. (NYSE:DNOW). Qv reported 2.17 million shares stake. Montgomery Inv Inc holds 0.07% or 17,099 shares in its portfolio. Liberty Mutual Gru Asset owns 21,205 shares for 0.01% of their portfolio. Etrade Capital Mgmt stated it has 0.01% in NOW Inc. (NYSE:DNOW).

Since March 6, 2018, it had 1 insider buy, and 0 insider sales for $300,061 activity. 28,550 shares valued at $300,061 were bought by WORKMAN ROBERT R on Tuesday, March 6.

NOW Inc. distributes energy and industrial products in the United States, Canada, and internationally. The company has market cap of $1.49 billion. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift solutions, power transmission products, production process equipment, pumps, paint and coatings, mill tools, safety supplies, and spare parts, as well as provides application systems and parts integration, optimization solutions, and after-sales support services. It currently has negative earnings. The firm also provides supply chain management solutions that include procurement, inventory and warehouse management, logistics, point of issue technology, project management, business process, and performance metrics reporting.

The stock decreased 1.92% or $0.27 during the last trading session, reaching $13.79. About 1.83M shares traded or 18.81% up from the average. NOW Inc. (NYSE:DNOW) has declined 17.42% since June 3, 2017 and is downtrending. It has underperformed by 29.99% the S&P500.

NOW Inc. (NYSE:DNOW) Institutional Positions Chart

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