Edward Jones upgraded shares of Scana Corporation (NYSE:SCG) from a hold rating to a buy rating in a research note published on Monday, The Fly reports.
Other equities analysts also recently issued reports about the stock. Mizuho reissued an underperform rating and set a $59.50 target price (up from $57.00) on shares of Scana Corporation in a research report on Tuesday, August 1st. Williams Capital lowered their price target on Scana Corporation from $70.00 to $50.00 and set a hold rating on the stock in a research report on Wednesday, September 27th. The Goldman Sachs Group, Inc. raised Scana Corporation from a sell rating to a neutral rating and lowered their price target for the company from $66.00 to $64.00 in a research report on Thursday, July 20th. Zacks Investment Research raised Scana Corporation from a sell rating to a hold rating in a research report on Wednesday, September 13th. Finally, Gabelli downgraded Scana Corporation from a buy rating to a hold rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Scana Corporation has a consensus rating of Hold and a consensus price target of $61.44.
Scana Corporation (NYSE:SCG) traded up $0.61 during trading on Monday, reaching $45.00. 5,329,800 shares of the company’s stock traded hands, compared to its average volume of 1,351,383. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.88 and a quick ratio of 0.77. The firm has a market capitalization of $6,430.00, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.21. Scana Corporation has a 52-week low of $41.15 and a 52-week high of $74.99.
Scana Corporation (NYSE:SCG) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). The business 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 company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 earnings per share. equities research analysts forecast that Scana Corporation will post 4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors 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 5.44%. The ex-dividend date of this dividend is Monday, December 11th. Scana Corporation’s dividend payout ratio (DPR) is presently 77.53%.
Hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its position in Scana Corporation by 25.6% during the second quarter. Toronto Dominion Bank now owns 48,327 shares of the utilities provider’s stock worth $3,238,000 after buying an additional 9,840 shares in the last quarter. Federated Investors Inc. PA grew its position in Scana Corporation by 264,341.0% during the second quarter. Federated Investors Inc. PA now owns 161,309 shares of the utilities provider’s stock worth $10,809,000 after buying an additional 161,248 shares in the last quarter. Aberdeen Asset Management PLC UK grew its position in Scana Corporation by 23.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 48,016 shares of the utilities provider’s stock worth $3,218,000 after buying an additional 9,028 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in Scana Corporation by 4.8% during the second quarter. Tandem Investment Advisors Inc. now owns 70,569 shares of the utilities provider’s stock worth $4,729,000 after buying an additional 3,222 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Scana Corporation by 22.6% during the second quarter. American Century Companies Inc. now owns 234,866 shares of the utilities provider’s stock worth $15,738,000 after buying an additional 43,225 shares in the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.
Scana Corporation 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.
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