Barclays Lowers SCANA Price Target to $53.00 (SCG)
Equities research analysts at Barclays dropped their target price on shares of SCANA (NYSE:SCG) from $55.00 to $53.00 in a research note issued to investors on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential upside of 2.67% from the stock’s previous close.
SCANA (NYSE:SCG) traded up 1.34% on Thursday, hitting $52.31. 409,316 shares of the company’s stock traded hands. SCANA has a 52 week low of $44.75 and a 52 week high of $53.83. The stock has a 50-day moving average of $52. and a 200-day moving average of $49.15. The company has a market cap of $7.407 billion and a P/E ratio of 14.13.
SCANA (NYSE:SCG) last released its earnings data on Thursday, April 24th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.27. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that SCANA will post $3.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, June 6th.
A number of other analysts have also recently weighed in on SCG. Analysts at Zacks reiterated a “neutral” rating on shares of SCANA in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of SCANA from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at CRT Capital reiterated a “fairly valued” rating on shares of SCANA in a research note on Friday, April 25th. They now have a $53.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. SCANA currently has a consensus rating of “Hold” and an average price target of $51.63.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.