Scana Corp. (SCG) Shares Down 2.6%
Shares of Scana Corp. (NYSE:SCG) fell 2.6% during mid-day trading on Friday . The company traded as low as $70.48 and last traded at $70.58, with a volume of 570,222 shares trading hands. The stock had previously closed at $72.44.
Several research firms recently weighed in on SCG. Zacks Investment Research raised Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. 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 report on Wednesday, June 15th. Finally, Mizuho lifted their price target on Scana Corp. from $74.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Scana Corp. has a consensus rating of “Hold” and an average target price of $71.58.
The company has a 50-day moving average price of $73.45 and a 200-day moving average price of $70.20. The company has a market cap of $10.09 billion and a PE ratio of 19.10.
Scana Corp. (NYSE:SCG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. During the same period in the prior year, the firm posted $0.69 earnings per share. The company had revenue of $905 million for the quarter, compared to the consensus estimate of $986.95 million. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts forecast that Scana Corp. will post $3.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Monday, September 12th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 8th.
An institutional investor recently raised its position in Scana Corp. stock. Bank of Montreal Can increased its position in Scana Corp. (NYSE:SCG) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,371 shares of the company’s stock after buying an additional 36,450 shares during the period. Bank of Montreal Can owned about 0.15% of Scana Corp. worth $12,664,000 at the end of the most recent 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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