SCANA (NYSE:SCG) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $50.79.
Several research analysts have commented on SCG shares. ValuEngine cut shares of SCANA from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho restated a “hold” rating and issued a $35.50 target price on shares of SCANA in a research report on Monday, April 2nd. Zacks Investment Research cut shares of SCANA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. UBS started coverage on shares of SCANA in a research report on Friday, February 2nd. They issued a “sell” rating and a $38.00 target price for the company. Finally, Wells Fargo cut shares of SCANA from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a research report on Friday, January 5th.
Several large investors have recently modified their holdings of SCG. SeaCrest Wealth Management LLC acquired a new stake in shares of SCANA in the 4th quarter worth approximately $109,000. Dupont Capital Management Corp lifted its stake in shares of SCANA by 241.1% in the 4th quarter. Dupont Capital Management Corp now owns 2,985 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 2,110 shares during the period. Taylor Hoffman Wealth Management acquired a new stake in shares of SCANA in the 4th quarter worth approximately $167,000. First Allied Advisory Services Inc. acquired a new stake in shares of SCANA in the 4th quarter worth approximately $201,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of SCANA in the 4th quarter worth approximately $203,000. 70.27% of the stock is owned by institutional investors.
SCANA (NYSE:SCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. SCANA had a negative net margin of 2.70% and a positive return on equity of 10.61%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. research analysts forecast that SCANA will post 2.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Monday, March 12th were paid a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, March 9th. SCANA’s dividend payout ratio is currently 58.33%.
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SCANA Company Profile
SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.
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