Scana Corp. (SCG) Shares Gap Up to $73.01
Scana Corp. (NYSE:SCG) gapped up before the market opened on Friday . The stock had previously closed at $72.84, but opened at $73.01. Scana Corp. shares last traded at $73.35, with a volume of 149,451 shares trading hands.
A number of equities research analysts have recently weighed in on SCG shares. Zacks Investment Research raised shares of Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. 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 lifted their target price on shares of Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $68.92.
The firm has a market cap of $10.47 billion and a price-to-earnings ratio of 19.82. The company has a 50 day moving average of $74.10 and a 200-day moving average of $69.57.
Scana Corp. (NYSE:SCG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.74 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.74. The business had revenue of $905 million for the quarter, compared to the consensus estimate of $986.95 million. Scana Corp.’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. On average, equities research analysts expect that Scana Corp. will post $3.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Monday, September 12th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.30 annualized dividend and a yield of 3.14%.
Several large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of 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. Advisors Asset Management Inc. increased 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of 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. Victory Capital Management Inc. increased its stake in shares of Scana Corp. by 25.3% in the fourth quarter. Victory Capital Management Inc. now owns 44,682 shares of the company’s stock valued at $2,703,000 after buying an additional 9,027 shares in the last quarter. Finally, Airain ltd purchased a new stake in shares of Scana Corp. during the fourth quarter valued at $3,729,000.
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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