Scana Corporation (SCG) Receives $65.42 Consensus PT from Analysts
Shares of Scana Corporation (NYSE:SCG) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat 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 twelve-month target price among brokers that have covered the stock in the last year is $65.42.
SCG has been the subject of a number of research reports. BidaskClub raised Scana Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Mizuho reaffirmed an “underperform” rating and set a $63.00 price target on shares of Scana Corporation in a research note on Friday, July 7th. Morgan Stanley decreased their price target on Scana Corporation from $70.00 to $67.00 and set an “underweight” rating for the company in a research note on Tuesday, July 11th. Zacks Investment Research lowered Scana Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Scana Corporation from a “sell” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $64.00 in a research report on Thursday, July 20th.
Shares of Scana Corporation (NYSE:SCG) traded up 0.50% during trading on Wednesday, reaching $49.85. The company had a trading volume of 2,038,223 shares. Scana Corporation has a 12 month low of $47.80 and a 12 month high of $74.99. The stock’s 50-day moving average price is $55.31 and its 200-day moving average price is $63.18. The stock has a market capitalization of $7.12 billion, a PE ratio of 11.77 and a beta of 0.23.
Scana Corporation (NYSE:SCG) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $931.67 million. Scana Corporation had a return on equity of 10.50% and a net margin of 13.99%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. Equities analysts forecast 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 was Friday, September 8th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.91%. Scana Corporation’s dividend payout ratio (DPR) is presently 57.92%.
Large investors have recently made changes to their positions in the company. WFG Advisors LP lifted its position in shares of Scana Corporation by 60.6% during the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 659 shares during the last quarter. Jolley Asset Management LLC lifted its position in shares of Scana Corporation by 25.1% during the 2nd quarter. Jolley Asset Management LLC now owns 1,995 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 400 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. Pacer Advisors Inc. lifted its position in shares of Scana Corporation by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 2,438 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 77 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of Scana Corporation during the 2nd quarter valued at $164,000. Institutional investors own 66.66% of the company’s stock.
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.
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