SCANA Rating Reiterated by Barclays (SCG)
SCANA (NYSE:SCG)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Friday. They currently have a $54.00 price objective on the stock, up from their previous price objective of $53.00. Barclays’ price objective points to a potential upside of 6.13% from the company’s current price.
SCANA (NYSE:SCG) traded up 0.57% on Friday, hitting $51.17. The stock had a trading volume of 572,484 shares. SCANA has a 52 week low of $44.75 and a 52 week high of $53.89. The stock’s 50-day moving average is $52.64 and its 200-day moving average is $50.70. The company has a market cap of $7.245 billion and a P/E ratio of 13.92.
SCANA (NYSE:SCG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.05. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.00 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that SCANA will post $3.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 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 4.13%.
A number of other firms have also recently commented 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. 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.00.
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.
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