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UPDATE: Williams Capital Group Upgrades SCANA Corporation to Buy on In-Line Q3

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Williams Capital Group raised its rating on SCANA Corporation (NYSE: SCG) from Hold to Buy with a reiterated $51 price target.

Williams Capital Group commented, "Higher earnings were a result of higher electric gross margin related to the most recent rate increases, including the 2011 BLRA nuclear construction rate increase, and lower O&M expense which more than offset equity dilution of roughly $0.03 per share, higher interest, and D&A expenses. Lower Corporate/Other segment drag also contributed materially to the improved Q312 results. While we are not revising our 2012-2013 estimates, we are initiating a 2014 estimate of $3.56."

SCANA Corporation closed at $46.63 on Wednesday.

Posted-In: williams capital groupAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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