Scana Corporation (NYSE:SCG) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $65.42.

A number of research firms have weighed in on SCG. Mizuho restated an “underperform” rating and issued a $59.50 target price (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. Williams Capital cut their target price on Scana Corporation from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, September 27th. BidaskClub downgraded Scana Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a “sell” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $64.00 in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded Scana Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th.

Scana Corporation (SCG) traded up 0.96% during mid-day trading on Wednesday, hitting $49.58. The stock had a trading volume of 1,291,068 shares. Scana Corporation has a 12-month low of $47.80 and a 12-month high of $74.99. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 11.72 and a beta of 0.23. The company has a 50-day moving average of $56.21 and a 200-day moving average of $63.50.

Scana Corporation (NYSE:SCG) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, analysts anticipate that Scana Corporation will post $4.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Monday, September 11th were given a dividend of $0.6125 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.94%. Scana Corporation’s dividend payout ratio (DPR) is presently 57.92%.

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Several large investors have recently made changes to their positions in the company. Sigma Planning Corp lifted its position in shares of Scana Corporation by 0.3% during the 2nd quarter. Sigma Planning Corp now owns 3,266 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 10 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Scana Corporation by 0.6% during the 1st quarter. Parallel Advisors LLC now owns 2,235 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 13 shares during the last quarter. ING Groep NV lifted its position in shares of Scana Corporation by 0.4% during the 2nd quarter. ING Groep NV now owns 7,320 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 26 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Scana Corporation by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 9,669 shares of the utilities provider’s stock valued at $648,000 after acquiring an additional 28 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC lifted its position in shares of Scana Corporation by 0.8% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 4,665 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 66.66% of the company’s stock.

Scana Corporation Company Profile

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.

Analyst Recommendations for Scana Corporation (NYSE:SCG)

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