A number of firms have modified their ratings and price targets on shares of SCANA (NYSE: SCG) recently:

  • 9/29/2017 – SCANA was downgraded by analysts at Williams Capital from a “hold” rating to a “sell” rating.
  • 9/27/2017 – SCANA had its price target lowered by analysts at Williams Capital from $70.00 to $50.00. They now have a “hold” rating on the stock.
  • 9/18/2017 – SCANA was downgraded by analysts at Williams Capital from a “buy” rating to a “hold” rating. They now have a $70.00 price target on the stock, down previously from $80.00.
  • 9/13/2017 – SCANA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SCANA is well positioned in a positive regulatory environment, having a low risk business with outstanding customer growth and operational efficiency. The company also has an attractive and consistent dividend payout. However, SCANA Corp.’s price chart shows that it has lagged the industry over the last three months. Westinghouse Electric Co., which is presently constructing a nuclear plant for SCANA, has filed for bankruptcy. Although Westinghouse is anticipated to finish the construction of nuclear reactors, SCANA might face delays and a significant increase in cost. Thus, the future earnings growth of the company looks uncertain.”
  • 9/6/2017 – SCANA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SCANA is well positioned in a positive regulatory environment, having a low risk business with outstanding customer growth and operational efficiency. The company also has an attractive and consistent dividend payout. This is noteworthy amidst the macro risks wherein most oil giants are cutting their dividends. However, SCANA Corp.’s price chart shows that it has lagged the industry over the last three months.  Westinghouse Electric Co., which is presently constructing a nuclear plant for SCANA, has filed for bankruptcy. Although Westinghouse is anticipated to finish the construction of nuclear reactors, SCANA might face delays and a significant increase in cost. Thus, the future earnings growth of the company looks uncertain.”
  • 8/28/2017 – SCANA was upgraded by analysts at Mizuho from an “underperform” rating to a “neutral” rating. They now have a $58.50 price target on the stock.
  • 8/10/2017 – SCANA had its price target raised by analysts at Morgan Stanley from $58.00 to $59.00. They now have an “underweight” rating on the stock.

SCANA Co. (NYSE:SCG) opened at 48.55 on Wednesday. The firm has a 50-day moving average of $58.01 and a 200 day moving average of $64.18. SCANA Co. has a 12 month low of $47.96 and a 12 month high of $74.99. The stock has a market cap of $6.94 billion, a PE ratio of 11.46 and a beta of 0.23.

SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $931.67 million. SCANA had a return on equity of 8.34% and a net margin of 12.09%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. Analysts anticipate that SCANA Co. will post $4.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Monday, September 11th were issued a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, September 8th. SCANA’s payout ratio is currently 57.92%.

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.

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