Scana Corp. (NYSE:SCG) shares dropped 1.9% during trading on Friday . The company traded as low as $72.90 and last traded at $72.94, with a volume of 311,117 shares changing hands. The stock had previously closed at $74.33.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Scana Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 16th. Morgan Stanley downgraded Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price target for the company. in a research report on Wednesday, June 15th. Finally, Mizuho raised their price target on Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Scana Corp. currently has an average rating of “Hold” and a consensus price target of $68.92.

The firm has a 50 day moving average price of $73.89 and a 200-day moving average price of $69.14. The firm has a market cap of $10.42 billion and a price-to-earnings ratio of 19.75.

Scana Corp. (NYSE:SCG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.74. The business earned $905 million during the quarter, compared to analysts’ expectations of $986.95 million. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts expect that Scana Corp. will post $3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Monday, September 12th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, September 8th.

Several hedge funds have recently modified their holdings of SCG. ARGI Investment Services LLC boosted its stake in shares of Scana Corp. by 0.8% in the fourth quarter. ARGI Investment Services LLC now owns 21,473 shares of the company’s stock valued at $1,299,000 after buying an additional 173 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Scana Corp. by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 25,878 shares of the company’s stock valued at $1,565,000 after buying an additional 727 shares during the last quarter. Foresters Investment Management Company Inc. boosted its stake in shares of Scana Corp. by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 222,000 shares of the company’s stock valued at $13,429,000 after buying an additional 1,000 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Scana Corp. by 3.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 38,244 shares of the company’s stock valued at $2,313,000 after buying an additional 1,270 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Scana Corp. by 0.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 206,084 shares of the company’s stock valued at $12,633,000 after buying an additional 1,666 shares during the last quarter.

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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