SCANA Co. (SCG) Given Average Rating of “Hold” by Brokerages

SCANA Co. (NYSE:SCG) has earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $60.06.

A number of analysts recently issued reports on SCG shares. Edward Jones upgraded SCANA from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Bank of America started coverage on SCANA in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price target for the company. Williams Capital lowered their price target on SCANA from $70.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, September 27th. Guggenheim upgraded SCANA from a “sell” rating to a “neutral” rating in a report on Thursday, November 16th. They noted that the move was a valuation call. Finally, TheStreet lowered SCANA from a “b-” rating to a “c+” rating in a report on Monday, October 23rd.

Shares of SCANA (NYSE:SCG) traded up $0.88 during trading hours on Friday, hitting $43.35. The company’s stock had a trading volume of 2,629,225 shares, compared to its average volume of 4,507,554. SCANA has a fifty-two week low of $37.10 and a fifty-two week high of $71.35. The stock has a market capitalization of $6,200.00, a price-to-earnings ratio of 13.72, a PEG ratio of 3.90 and a beta of 0.20. The company has a quick ratio of 0.77, a current ratio of 0.88 and a debt-to-equity ratio of 1.12.

SCANA (NYSE:SCG) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.17 billion. SCANA had a net margin of 10.45% and a return on equity of 10.05%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. analysts expect that SCANA will post 4.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th were issued a dividend of $0.6125 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $2.45 dividend on an annualized basis and a yield of 5.65%. SCANA’s dividend payout ratio is currently 77.53%.

A number of institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC lifted its holdings in SCANA by 1.1% during the second quarter. Sentry Investment Management LLC now owns 11,102 shares of the utilities provider’s stock worth $744,000 after buying an additional 117 shares during the period. Thrivent Financial For Lutherans lifted its holdings in SCANA by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 5,410 shares of the utilities provider’s stock worth $363,000 after buying an additional 140 shares during the period. WFG Advisors LP lifted its holdings in SCANA by 60.6% during the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock worth $117,000 after buying an additional 659 shares during the period. HighTower Advisors LLC lifted its holdings in SCANA by 5.5% during the second quarter. HighTower Advisors LLC now owns 17,086 shares of the utilities provider’s stock worth $1,145,000 after buying an additional 888 shares during the period. Finally, Caxton Associates LP lifted its holdings in SCANA by 13.5% during the second quarter. Caxton Associates LP now owns 8,400 shares of the utilities provider’s stock worth $563,000 after buying an additional 1,000 shares during the period. Institutional investors own 66.51% of the company’s stock.

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SCANA 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 (NYSE:SCG)

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