Shares of SCANA Co. (NYSE:SCG) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $71.60.
A number of research analysts have issued reports on SCG shares. Barclays PLC reiterated a “hold” rating and issued a $70.00 target price on shares of SCANA in a research report on Sunday, February 19th. Zacks Investment Research cut SCANA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Macquarie cut SCANA from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Tuesday, January 24th. Finally, Mizuho cut SCANA from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $68.00 in a research report on Tuesday, February 14th.
Shares of SCANA (NYSE:SCG) traded up 0.33% on Wednesday, reaching $66.26. 461,888 shares of the company’s stock traded hands. The firm has a market capitalization of $9.47 billion, a P/E ratio of 15.93 and a beta of 0.21. The company’s 50-day moving average is $67.08 and its 200-day moving average is $69.82. SCANA has a 52 week low of $64.20 and a 52 week high of $76.41.
SCANA (NYSE:SCG) last posted its quarterly earnings results on Thursday, February 16th. The utilities provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.05. SCANA had a net margin of 13.77% and a return on equity of 10.71%. The company earned $1.06 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $0.69 EPS. Equities research analysts anticipate that SCANA will post $4.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Stockholders of record on Friday, March 10th were issued a dividend of $0.6125 per share. This is a boost from SCANA’s previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, March 8th. SCANA’s payout ratio is 57.79%.
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Several hedge funds have recently added to or reduced their stakes in SCG. Retirement Systems of Alabama boosted its stake in SCANA by 2.0% in the first quarter. Retirement Systems of Alabama now owns 69,084 shares of the utilities provider’s stock valued at $4,515,000 after buying an additional 1,346 shares during the period. State of Alaska Department of Revenue purchased a new stake in SCANA during the first quarter valued at $736,000. DnB Asset Management AS boosted its stake in SCANA by 14.0% in the first quarter. DnB Asset Management AS now owns 29,399 shares of the utilities provider’s stock valued at $1,921,000 after buying an additional 3,600 shares during the period. Somerset Trust Co boosted its stake in SCANA by 1.9% in the first quarter. Somerset Trust Co now owns 8,837 shares of the utilities provider’s stock valued at $577,000 after buying an additional 166 shares during the period. Finally, Jolley Asset Management LLC boosted its stake in SCANA by 3.2% in the first quarter. Jolley Asset Management LLC now owns 1,595 shares of the utilities provider’s stock valued at $104,000 after buying an additional 50 shares during the period. Institutional investors own 65.18% of the company’s stock.
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.
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