SCANA Receives Average Rating of “Hold” from Analysts (NYSE:SCG)
Shares of SCANA (NYSE:SCG) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, AnalystRatings.Net reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to 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.
Shares of SCANA (NYSE:SCG) opened at 51.94 on Wednesday. SCANA has a one year low of $44.75 and a one year high of $53.89. The stock has a 50-day moving average of $51.45 and a 200-day moving average of $51.25. The company has a market cap of $7.378 billion and a P/E ratio of 13.90. 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. Currently, 5.7% of the company’s stock are sold short. Based on an average trading volume of 1,098,810 shares, the short-interest ratio is currently 6.6 days.
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 $3.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders 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 4.04%. The ex-dividend date of this dividend is Monday, September 8th.
Several analysts have recently commented on the stock. 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.
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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