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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

SCANA (SCG) in Focus: Stock Moves 6.3% Higher

Zacks

SCANA Corporation SCG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 18.7% in the past one-month time frame.

The move came after news that the state regulator, Public Service Commission of South Carolina, has approved the company’s proposed merger with Dominion Energy.
 
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

SCANA currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

SCANA Corporation Price

SCANA Corporation Price | SCANA Corporation Quote

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Investors interested in the Utility – Electric Power industry may consider Otter Tail Corporation OTTR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SCG going up? Or down? Predict to see what others think:Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
 
See Zacks' 3 Best Stocks to Play This Trend >>


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Otter Tail Corporation (OTTR) : Free Stock Analysis Report
 
SCANA Corporation (SCG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research