Scana Corporation (NYSE:SCG) – Equities research analysts at Gabelli decreased their FY2017 earnings per share estimates for Scana Corporation in a research report issued to clients and investors on Friday. Gabelli analyst T. Winter now expects that the utilities provider will post earnings of $4.24 per share for the year, down from their prior estimate of $4.25. Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for Scana Corporation’s FY2021 earnings at $4.35 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Scana Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $64.00 in a research report on Thursday, July 20th. Mizuho upgraded Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 price objective for the company in a research report on Monday, August 28th. Williams Capital decreased their price objective 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. Finally, Guggenheim lowered Scana Corporation from a “buy” rating to a “sell” rating in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Scana Corporation has a consensus rating of “Hold” and an average target price of $63.28.

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Shares of Scana Corporation (SCG) opened at 46.50 on Monday. The company’s 50 day moving average is $52.20 and its 200 day moving average is $61.93. Scana Corporation has a 12-month low of $45.36 and a 12-month high of $74.99. The firm has a market capitalization of $6.65 billion, a PE ratio of 10.97 and a beta of 0.23.

Scana Corporation (NYSE:SCG) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.17 billion. Scana Corporation had a return on equity of 10.05% and a net margin of 10.45%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Monday, December 11th. Scana Corporation’s dividend payout ratio (DPR) is currently 77.78%.

Large investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA boosted its position in Scana Corporation by 264,341.0% during the 2nd quarter. Federated Investors Inc. PA now owns 161,309 shares of the utilities provider’s stock worth $10,809,000 after acquiring an additional 161,248 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Scana Corporation by 23.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 48,016 shares of the utilities provider’s stock worth $3,218,000 after acquiring an additional 9,028 shares during the last quarter. American Century Companies Inc. boosted its position in Scana Corporation by 22.6% during the 2nd quarter. American Century Companies Inc. now owns 234,866 shares of the utilities provider’s stock worth $15,738,000 after acquiring an additional 43,225 shares during the last quarter. Toronto Dominion Bank boosted its position in Scana Corporation by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 48,327 shares of the utilities provider’s stock worth $3,238,000 after acquiring an additional 9,840 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its position in Scana Corporation by 4.8% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 70,569 shares of the utilities provider’s stock worth $4,729,000 after acquiring an additional 3,222 shares during the last quarter. 66.76% of the stock is owned by hedge funds and other institutional investors.

About Scana Corporation

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.

Earnings History and Estimates for Scana Corporation (NYSE:SCG)

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