Scana Corp. (NYSE:SCG) has earned an average rating of “Hold” from the seven brokerages that are covering the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $69.70.
Several brokerages have recently weighed in on SCG. Zacks Investment Research lowered shares of Scana Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Williams Capital reissued a “buy” rating on shares of Scana Corp. in a research report on Monday, September 12th.
Scana Corp. (NYSE:SCG) opened at 69.46 on Monday. Scana Corp. has a 52 week low of $55.85 and a 52 week high of $76.41. The company has a market capitalization of $9.93 billion, a P/E ratio of 18.80 and a beta of 0.24. The firm has a 50 day moving average of $71.28 and a 200-day moving average of $71.37.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.74. The company had revenue of $905 million for the quarter, compared to analyst estimates of $986.95 million. Scana Corp. had a net margin of 12.88% and a return on equity of 9.82%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts forecast that Scana Corp. will post $3.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Monday, September 12th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $2.30 dividend on an annualized basis and a yield of 3.31%. Scana Corp.’s payout ratio is 62.16%.
A number of large investors have recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new stake in shares of Scana Corp. during the second quarter worth about $102,000. Global X Management Co. LLC increased its stake in shares of Scana Corp. by 186.1% in the second quarter. Global X Management Co. LLC now owns 1,456 shares of the company’s stock worth $110,000 after buying an additional 947 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of Scana Corp. by 60.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,832 shares of the company’s stock worth $139,000 after buying an additional 687 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Scana Corp. by 10.2% in the second quarter. Pacer Advisors Inc. now owns 2,389 shares of the company’s stock worth $181,000 after buying an additional 222 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Scana Corp. during the second quarter worth about $200,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.
Scana Corp. Company Profile
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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