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

SCG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Scana Corp. from a “hold” rating to a “sell” rating in a research note on Monday, May 16th. Morgan Stanley lowered shares of Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 target price on the stock. in a research note on Wednesday, June 15th. Finally, Mizuho upped their target price on shares of Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $68.92.

The stock’s 50-day moving average price is $73.89 and its 200 day moving average price is $69.14. The firm has a market capitalization of $10.42 billion and a PE ratio of 19.75.

Scana Corp. (NYSE:SCG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The firm earned $905 million during the quarter, compared to analyst estimates of $986.95 million. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Scana Corp. will post $3.96 EPS for the current fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in SCG. BNP Paribas Arbitrage SA raised its position in Scana Corp. by 1,797.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 20,364 shares of the company’s stock valued at $1,232,000 after buying an additional 19,291 shares in the last quarter. OppenheimerFunds Inc. raised its position in Scana Corp. by 22.1% in the fourth quarter. OppenheimerFunds Inc. now owns 24,473 shares of the company’s stock valued at $1,484,000 after buying an additional 4,423 shares in the last quarter. Advisors Asset Management Inc. raised its position in 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Scana Corp. by 55.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 26,902 shares of the company’s stock valued at $1,627,000 after buying an additional 9,550 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in 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 in 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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