Scana Corp. (NYSE:SCG) Receives Average Recommendation of “Hold” from Analysts
Scana Corp. (NYSE:SCG) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.70.
A number of analysts recently weighed in on SCG shares. Williams Capital restated a “buy” rating on shares of Scana Corp. in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, August 16th. Mizuho upped their target price on shares of Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, June 14th. Finally, Morgan Stanley lowered shares of Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 target price on the stock. in a research note on Wednesday, June 15th.
Scana Corp. (NYSE:SCG) traded up 0.22% during trading on Monday, reaching $69.32. 260,928 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $71.76 and a 200-day moving average of $71.37. Scana Corp. has a 52 week low of $55.63 and a 52 week high of $76.41. The stock has a market capitalization of $9.91 billion, a PE ratio of 18.77 and a beta of 0.24.
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Scana Corp. (NYSE:SCG) last released its earnings results on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.74. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. The firm had revenue of $905 million for the quarter, compared to analyst estimates of $986.95 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Scana Corp. will post $3.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Monday, September 12th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 8th. Scana Corp.’s dividend payout ratio (DPR) is 62.16%.
Institutional investors have recently made changes to their positions in the stock. Moors & Cabot Inc. increased its stake in Scana Corp. by 0.3% in the second quarter. Moors & Cabot Inc. now owns 5,557 shares of the company’s stock valued at $420,000 after buying an additional 18 shares during the last quarter. Pennsylvania Trust Co increased its stake in Scana Corp. by 1.4% in the second quarter. Pennsylvania Trust Co now owns 2,924 shares of the company’s stock valued at $221,000 after buying an additional 40 shares during the last quarter. World Asset Management Inc increased its stake in Scana Corp. by 0.5% in the second quarter. World Asset Management Inc now owns 14,421 shares of the company’s stock valued at $1,091,000 after buying an additional 71 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Scana Corp. by 2.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,449 shares of the company’s stock valued at $235,000 after buying an additional 85 shares during the last quarter. Finally, Denver Investment Advisors LLC increased its stake in Scana Corp. by 0.7% in the second quarter. Denver Investment Advisors LLC now owns 18,795 shares of the company’s stock valued at $1,422,000 after buying an additional 132 shares during the last quarter. 64.86% of the stock is owned by hedge funds and other institutional investors.
About Scana Corp.
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in generation, transmission, distribution and sale of electricity, and the purchase, sale and transportation of natural gas in North Carolina and South Carolina. It operates through segments, including Electric Operations, Gas Distribution, Retail Gas Marketing, Energy Marketing and All Other.
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