Scana Corporation (SCG) Stock Rating Upgraded by Guggenheim
Scana Corporation (NYSE:SCG) was upgraded by stock analysts at Guggenheim from a “sell” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
A number of other research firms have also recently weighed in on SCG. Williams Capital cut their price target on Scana Corporation from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) raised Scana Corporation from a “sell” rating to a “neutral” rating and cut their price target for the company from $66.00 to $64.00 in a report on Thursday, July 20th. BidaskClub raised Scana Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Mizuho raised Scana Corporation from an “underperform” rating to a “neutral” rating and set a $58.50 price target on the stock in a report on Monday, August 28th. Finally, Gabelli cut Scana Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.44.
Shares of Scana Corporation (SCG) opened at $44.39 on Thursday. The firm has a market capitalization of $6,346.42, a P/E ratio of 10.93, a PEG ratio of 3.05 and a beta of 0.21. The company has a current ratio of 0.88, a quick ratio of 0.77 and a debt-to-equity ratio of 1.12. Scana Corporation has a twelve month low of $41.15 and a twelve month high of $74.99.
Scana Corporation (NYSE:SCG) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. Scana Corporation had a net margin of 10.45% and a return on equity of 10.05%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. sell-side analysts forecast that Scana Corporation will post 4.17 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of SCG. Willingdon Wealth Management bought a new position in shares of Scana Corporation in the third quarter valued at $112,000. WFG Advisors LP increased its holdings in shares of Scana Corporation by 60.6% in the second quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after buying an additional 659 shares in the last quarter. Amica Retiree Medical Trust increased its holdings in shares of Scana Corporation by 219.1% in the third quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after buying an additional 1,849 shares in the last quarter. Fiduciary Trust Co. bought a new position in shares of Scana Corporation in the second quarter valued at $164,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Scana Corporation by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock valued at $177,000 after buying an additional 203 shares in the last quarter. 68.12% of the stock is currently owned by institutional investors.
Scana Corporation Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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