Scana Corp. (SCG) Stock Price Down 1%
Scana Corp. (NYSE:SCG) traded down 1% during trading on Monday . The stock traded as low as $72.44 and last traded at $72.47, with a volume of 306,997 shares. The stock had previously closed at $73.23.
Several equities research analysts have recently commented on the company. Mizuho upped their price target on Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, June 14th. Zacks Investment Research upgraded Scana Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Finally, Morgan Stanley cut Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price target for the company. in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Scana Corp. has an average rating of “Hold” and a consensus target price of $68.92.
The firm has a market capitalization of $10.32 billion and a PE ratio of 19.55. The stock has a 50-day moving average of $74.10 and a 200-day moving average of $69.78.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $905 million for the quarter, compared to analyst estimates of $986.95 million. During the same quarter last year, the business earned $0.69 EPS. Scana Corp.’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts expect that Scana Corp. will post $3.96 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Thursday, September 8th. This represents a $2.30 annualized dividend and a dividend yield of 3.19%.
Several hedge funds and institutional investors have recently modified their holdings of the company. KBC Group NV raised its position in shares of Scana Corp. by 85.1% in the fourth quarter. KBC Group NV now owns 152,651 shares of the company’s stock valued at $9,234,000 after buying an additional 70,178 shares during the last quarter. Airain ltd purchased a new position in shares of Scana Corp. during the fourth quarter valued at approximately $3,729,000. Bank of Montreal Can raised its position in shares of Scana Corp. by 21.1% in the fourth quarter. Bank of Montreal Can now owns 209,371 shares of the company’s stock valued at $12,664,000 after buying an additional 36,450 shares during the last quarter. BNP Paribas Arbitrage SA raised its position 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 during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position 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 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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