Scana Corp. (SCG) Stock Price Down 2.2%
Scana Corp. (NYSE:SCG)’s share price fell 2.2% on Thursday . The company traded as low as $74.34 and last traded at $74.48, with a volume of 470,335 shares changing hands. The stock had previously closed at $76.12.
A number of brokerages have recently weighed in on SCG. Morgan Stanley downgraded Scana Corp. from an “equal weight” rating to an “underweight” rating and set a $67.00 target price on the stock. in a report on Wednesday, June 15th. Mizuho upped their target price on Scana Corp. from $74.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Zacks Investment Research upgraded Scana Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 13th. Finally, Vetr downgraded Scana Corp. from a “buy” rating to a “hold” rating and set a $73.50 target price on the stock. in a report on Monday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Scana Corp. has an average rating of “Hold” and a consensus price target of $68.92.
The stock has a market cap of $10.73 billion and a PE ratio of 20.56. The company has a 50-day moving average price of $71.74 and a 200-day moving average price of $67.38.
Scana Corp. (NYSE:SCG) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by $0.11. During the same period last year, the firm posted $2.80 EPS. The company earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.37 billion. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Scana Corp. will post $3.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Wednesday, June 8th.
Other institutional investors recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Scana Corp. by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,768,122 shares of the company’s stock worth $711,853,000 after buying an additional 521,081 shares during the period. New York State Common Retirement Fund boosted its position in shares of Scana Corp. by 8.5% in the fourth quarter. New York State Common Retirement Fund now owns 383,800 shares of the company’s stock worth $23,216,000 after buying an additional 30,200 shares during the period. Swiss National Bank boosted its position in shares of Scana Corp. by 1.2% in the fourth quarter. Swiss National Bank now owns 338,012 shares of the company’s stock worth $20,446,000 after buying an additional 4,000 shares during the period. Vaughan David Investments Inc. IL boosted its position in shares of Scana Corp. by 0.5% in the fourth quarter. Vaughan David Investments Inc. IL now owns 333,649 shares of the company’s stock worth $20,182,000 after buying an additional 1,650 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Scana Corp. by 20.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 312,152 shares of the company’s stock worth $18,882,000 after buying an additional 52,552 shares during the period.
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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