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

Williams Capital Group raised its rating on SCANA Corporation 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.