Scana Corp. (SCG) Receives $72.30 Average Price Target from Analysts
Shares of Scana Corp. (NYSE:SCG) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $72.30.
Several brokerages recently commented on SCG. Williams Capital reaffirmed a “buy” rating on shares of Scana Corp. in a report on Monday, September 12th. Guggenheim initiated coverage on Scana Corp. in a report on Thursday, November 3rd. They set a “buy” rating and a $78.00 price target for the company. Zacks Investment Research raised Scana Corp. from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Tuesday, August 16th. Finally, Mizuho cut their price target on Scana Corp. from $84.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 28th.
Shares of Scana Corp. (NYSE:SCG) opened at 69.65 on Monday. The firm has a 50 day moving average price of $71.04 and a 200 day moving average price of $71.62. The stock has a market cap of $9.95 billion, a PE ratio of 17.50 and a beta of 0.22. Scana Corp. has a 12-month low of $56.50 and a 12-month high of $76.41.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.27. Scana Corp. had a return on equity of 10.71% and a net margin of 13.77%. The company earned $1.09 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. Scana Corp.’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Scana Corp. will post $4.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Monday, December 12th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $2.30 annualized dividend and a dividend yield of 3.30%. Scana Corp.’s payout ratio is 57.79%.
Several institutional investors have recently made changes to their positions in SCG. GSA Capital Partners LLP acquired a new position in shares of Scana Corp. during the second quarter valued at approximately $3,240,000. Chevy Chase Trust Holdings Inc. increased its stake in Scana Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 123,896 shares of the company’s stock worth $9,374,000 after buying an additional 895 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Scana Corp. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 36,994 shares of the company’s stock worth $2,799,000 after buying an additional 2,197 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Scana Corp. by 103.2% in the second quarter. BNP Paribas Arbitrage SA now owns 78,212 shares of the company’s stock worth $5,918,000 after buying an additional 39,729 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its stake in Scana Corp. by 68.8% in the first quarter. Boothbay Fund Management LLC now owns 5,976 shares of the company’s stock worth $419,000 after buying an additional 2,436 shares in the last quarter. Institutional investors and hedge funds own 63.93% of the company’s stock.
About Scana Corp.
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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