UPDATE: Wunderlich Maintains Buy Rating on SCANA

In a company update released earlier today, Wunderlich Securities maintained its Buy rating on SCANA Corporation SCG and set a price target of $47.00, following the U.S. Nuclear Regulatory Commission approving a combined COL (Construction and Operating License) for SCANA's new nuclear units in South Carolina. In the report, Wunderlich said that “The issuance of the COL will allow SCG to begin construction of the plant. The issuance of the COL is good news for SCG. The company also announced a settlement with its construction vendors regarding certain costs. We are maintaining our EPS estimates and Buy rating on SCG.” SCANA Corporation closed Friday at $45.61.