Scana Corp. (SCG) Trading Down 2.2%
Scana Corp. (NYSE:SCG) shares fell 2.2% during trading on Thursday . The company traded as low as $74.34 and last traded at $74.48, with a volume of 470,335 shares. The stock had previously closed at $76.12.
A number of research firms have commented on SCG. Mizuho reaffirmed a “buy” rating and set a $74.00 target price (up previously from $71.00) on shares of Scana Corp. in a report on Friday, March 18th. Zacks Investment Research raised Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 13th. Morgan Stanley downgraded Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 price target on the stock. in a report on Wednesday, June 15th. Finally, Vetr downgraded Scana Corp. from a “buy” rating to a “hold” rating and set a $73.50 price target on the stock. in a report on Monday, April 4th. One research 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 stock currently has an average rating of “Hold” and an average target price of $68.92.
The firm’s 50 day moving average is $71.54 and its 200 day moving average is $67.27. The firm has a market cap of $10.61 billion and a PE ratio of 20.33.
Scana Corp. (NYSE:SCG) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by $0.11. The firm earned $1.17 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, analysts expect that Scana Corp. will post $3.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were paid a $0.575 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.10%.
Other institutional investors have bought and sold shares of the company. MetLife Securities Inc raised its position in Scana Corp. by 845.2% in the fourth quarter. MetLife Securities Inc now owns 17,402 shares of the company’s stock worth $1,053,000 after buying an additional 15,561 shares during the last quarter. 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 worth $1,232,000 after buying an additional 19,291 shares during the last quarter. ARGI Investment Services LLC raised its position in Scana Corp. by 0.8% in the fourth quarter. ARGI Investment Services LLC now owns 21,473 shares of the company’s stock worth $1,299,000 after buying an additional 173 shares during 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 worth $1,484,000 after buying an additional 4,423 shares during the last quarter. Finally, 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 worth $1,565,000 after buying an additional 727 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.