SCANA Given Consensus Recommendation of “Hold” by Analysts (NYSE:SCG)
SCANA (NYSE:SCG) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Stock Ratings News reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $50.40.
A number of research firms have recently commented on SCG. Analysts at Zacks reiterated a “neutral” rating on shares of SCANA in a research note on Thursday, August 7th. They now have a $51.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of SCANA from $53.00 to $54.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays cut their price target on shares of SCANA from $55.00 to $53.00 in a research note on Thursday, June 5th. They now have an “equal weight” rating on the stock.
Shares of SCANA (NYSE:SCG) opened at 50.87 on Wednesday. SCANA has a one year low of $44.75 and a one year high of $53.89. The stock’s 50-day moving average is $51.62 and its 200-day moving average is $51.18. The company has a market cap of $7.226 billion and a P/E ratio of 13.70. SCANA also was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,293,590 shares, a growth of 50.2% from the July 31st total of 4,855,173 shares. Based on an average daily volume of 1,098,810 shares, the days-to-cover ratio is currently 6.6 days. Currently, 5.7% of the shares of the stock are short sold.
SCANA (NYSE:SCG) last announced its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that SCANA will post $3.64 earnings per share 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%. The ex-dividend date of this dividend is Monday, September 8th.
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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